Today’s world is difficult to imagine without internet and mobile devices. They have become a staple of our lives, causing a dramatic shift in how we do business in virtually all of its fields.
Digital revolution reshapes consumer habits, not least in the way people access financial products and services, make payments and interact with financial service providers. Although this sector has seen certain changes in recent years, the inclusion and broadening use of solutions based on modern technologies are still a new thing in virtually all segments of the financial services industry. They open up new opportunities and create significant difficulties at the same time, capable of completely transforming this industry entirely.
This is only the beginning of the path that banks and finance companies must take, in order to reap the main benefits and opportunities that new developments in fintech create.