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Somehow, most of us take modern technology for granted. Amazon delivers virtually anything to your doorstep within two days.
The online retailer, Walmart, and other major markets deliver groceries to your front door within hours of ordering. Answers to practically any question are at your fingertips. You can connect with peers and meet new people without leaving your home. Surely, you can think of several other recently-newfound capabilities brought to us by technology.
Fintech, short for financial technology,
has also improved many lives. Thanks to fintech, we’ve got more convenience
than ever before. Although modern technology has been used for economic
purposes for years, the sector is growing rapidly.
While nobody can infallibly predict the
future, we’re confident that the following trends will soon become widespread
movements in fintech.
Banking Become Exclusively Digital?
For several hundred years, financial
institutions and bankers have lent money, protected customers’ finances, and
advised business owners from brick-and-mortar establishments. Even with the
growth of financial technology, banks will continue operating traditional
brick-and-mortar branches for decades to come.
You might be surprised to learn that
exclusively-digital banks already exist. Countless personal loan providers have
opened up shop online in recent years. Although these …
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