FinTech is changing the way business interacts with the consumer and vice versa. Mobile has transformed interaction enormously however, it is believed that changes in technology will be way more transformational. Much interest, development and momentum in this area of late – the beginning of the Forth Industrial Revolution.
“FinTech will transform the way we live and do business. Whether it is cashless transactions between friends, sending remittances to family in other countries or apps that automatically invest savings at the best rates, FinTech provides consumers with better services, more choice, and lower costs.” stated Philip Hammond, Chancellor of the Exchequer. “It has the potential to transform financial inclusion across the developing world too with more than a billion people now biometrically enrolled in that country and 220 million new bank accounts opened in the last 18 months alone”. Read full article here
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