The biggest trends driving the FinTech revolution
POSTED ON: 21 Sep, 2018
Fintech is one of the hottest topics today and the industry itself is getting more and more dynamic. Companies keep joining the race and look for ways how to innovate solutions for both B2B and B2C business scenarios. The most creative and talented minds of the industry are trying to make business processes more efficient and everyday lives of consumers easier and simpler. You might think that fintech companies don’t really affect your day to day life but the truth is that the ripple effect on each person’s financial life is enormous.
First of all, it is making a huge change in the way we deal with our savings. Having a clear plan how to save some money and following it is not the easiest thing. So fintechs are looking for ways how to automate the saving process, so you would reach your financial goals without even working on them. There are already apps periodically moving small amounts of funds or every change you get from your purchases to a dedicated account. It is actually a great help if you want to save some funds for your holiday or pay off your debt.
Fintechs are also here to save your time. One of the biggest goals of such companies is to change all the difficult, boring and time-consuming processes to ones that are more natural and integrate them into your everyday life
If several years ago fintech companies were trying to single out some products to improve, today they are digging rabbit holes to find completely new opportunities. They are no longer working on better versions of already existing products – they look for ways to revolutionise the way we handle our finances completely. And they don’t work alone. Fintech companies look for like-minded companies, merge, join their competition to combine the best technological solutions and create new better ideas together.