Category Archives: Saving

Why It’s Smart to Invest in Fintech

Why It’s Smart to Invest in Fintech

We’re in the middle of a technological revolution, one that includes the undeniable success of fintech. That said, there are still some people who would try and convince you that fintech is little more than a fad. Often, these people have a vested interest in halting the disruption of the financial services industry. Yet, it’s… Continue Reading

This Is How AI and Fintech Will Help Financial Advisors

This Is How AI and Fintech Will Help Financial Advisors

Fintech is thriving. That has a lot of people excited. Consumers are thrilled to be getting more convenient services, innovators are interested in creating their own companies, and investors are seeking opportunities to take advantage of this technological revolution. Of course, not everyone’s happy. Many working in the traditional financial services industry fear that the… Continue Reading

This Is Why It’s Hard for Banks and Fintech Startups to Collaborate

This Is Why It’s Hard for Banks and Fintech Startups to Collaborate

The debate has been settled: yes, a fintech revolution is occurring. In other words, traditional financial institutions can no longer dismiss the potential for massive industry disruption. They must adapt or die. Many agree that the best way to adapt is to collaborate with fintech firms, instead of trying to beat them at their own… Continue Reading

How Banks and Fintech Startups Can Benefit from Collaboration

How Banks and Fintech Startups Can Benefit from Collaboration

With fintech startups poised to earn record funding this year, it’s clear that traditional financial institutions will have to adjust to the changing landscape of the marketplace. While some may dismiss banks as dinosaurs that are ready to go extinct, others believe that both fintech companies and banks can benefit from collaborating with one another.… Continue Reading

This Is the Astonishing Way Fintech May Change the Economy Forever

This Is the Astonishing Way Fintech May Change the Economy Forever

If history is any indication, whenever a population gains access to a new financial service, it impacts the overall economy. That’s one of the many reasons why fintech is such an interesting subject. Trends suggest that fintech services – especially those designed for mobile devices – won’t be a passing fad. No one can predict… Continue Reading

How Fintech Will Change Banking in a Big Way for Many People

How Fintech Will Change Banking in a Big Way for Many People

A significant portion of the population remains “unbanked” or “underbanked” due to a variety of factors. They may not have any trust in traditional financial institutions or they may lack the financial resources to afford a bank account, for example. Unbanked individuals are those who don’t use any traditional financial services, like bank accounts, while… Continue Reading

3 of the Ways AI Will Play a Vital Role in the Future of Fintech

3 of the Ways AI Will Play a Vital Role in the Future of Fintech

Once considered little more than a popular science-fiction trope, artificial intelligence is now a very real technology . Not only that, it is one that is likely to evolve rapidly in the coming years. As AI becomes more sophisticated, it’s reasonable to assume that it will grow to play a more direct role in consumers’… Continue Reading

Why Are Some People Hesitant to Use Banks?

Why Are Some People Hesitant to Use Banks?

A 2015 FIC survey revealed that 7 percent of American households are “unbanked,” meaning that they did not have any sort of account at a traditional, insured financial institution. Such people often turn to other resources, like payday loans, for financial services. However, this approach to saving, investing, and taking out loans isn’t advantageous in… Continue Reading

How Fintech Is Changing the Banking Industry

How Fintech Is Changing the Banking Industry

It’s no secret that many traditional banks have been slow to adopt new technologies for the digital era. Thus, fintech startups are in a position to substantially disrupt the financial services industry. However, unlike record stores and video rental chains, it’s unlikely that any new technology or product will ever threaten the existence of banks.… Continue Reading