As a member in the financial industry you have to be aware
about the Fin Tech revolution going on. Things are developing fast in this
industry, and to be successful you have to stay ahead and be well informed. As
a person that have worked with Financial service for many years. I have found 2
insightful articles. They will help you
get a picture of what the Fin Tech is heading during 2016.
Article 1 – “Chase
ATMs will now let you withdraw cash with a phone”
Payment by cell phone and contactless payment have become
popular with Apple Pay and Android Pay bringing payment with the touch of your
finger to your phone. Now also big banks
like Chase start to follow. As a result fingerprint authenticated cards and payments
apps are being launched. Read
the full article here https://bitly.com/a/bitlinks/20oDHFW
Sourse https://bitly.com/a/bitlinks/20oDHFW
Article 2-“How
the rapid rise of robo-advicers is changing the way we invest"
Robo-advisor is an online wealth management service that
provides automated, algorithm-based portfolio management advice without the use
of human financial planners. Here are 3 factors that explains the popularity. 1) They set you up with passive investments,
that are cheaper and more liquid. 2) Cheaper than traditional alternatives,
because they don´t have the big costs rent for retail locations and adviser
salary. 3) They creating competition that benefit consumers. Read the full article here https://bitly.com/a/bitlinks/20oDHFW
Based on these insights, here are 3 key action bullets:
- Solve and fix the growing problem; the frustration consumers have with the way banks and other financial services do business.
- Use the technology to increase payment security and prevent fraud.
- Be a part of this market that flourishing at a faster rate than usual.
Starting today keep yourself updated with what´s happening
in Fin Tech and be informed about the latest trends within finance by following
me on Twitter.
About the Author:
Lisa Odsander Gronowski is an online marketing
professional with a MBA in finance and many years in the Asset Management
field. She is currently pursuing the course Social media marketing specialization
at Northwestern University.
You can follow her on Twitter @LisaOdsander and
LinkedIn
