Here’s How People See FinTech

FinTech is a game changer in the financial world. As we speak, various startups and major companies are working on harnessing the best way to harness the technology.

But what does that mean for the market at its most base form? How are everyday people seeing and interacting with the new technology? Are they appreciating the advancements that are being made in the world of finance?

Well, to find out we went back to university. After all, university is where you find tomorrow’s leaders and a generation highly attuned to the benefits of modern technology. Their overview of how new technology is changing the game is a great illustrator of what is happening in the world at large. Here’s what they had to say.

“With my family situated in Hong Kong, transferring funds between our bank accounts are usually a hassle. But with new, revolutionized FinTech apps such as Transferwise, I no longer have to face the dilemma of fussing over the ridiculous amount of fees wire transfers at traditional banks charge, and it also saves what I value the most– Time. Unconventional banking is made easy these days and a large part of the credit no doubt goes to the emergence of FinTech.”

– Sonia Tang

“FinTech is definitely an evident, emerging trend that is set to disrupt the financial market. Venmo and Tilt in particular are examples of mobile payment apps that have rapidly become a popular commodity in the past year or so; no longer will payments have to rummage through the complex, multi-step process of transferring at banks, and what’s more convenient and user-friendly than an app that allows you to transact effortlessly anywhere, any time of the day?”

– Cerella Zhao

As you can see, the changes in the financial world are making a major impact in people’s day to day lives. Any company that wants to function in the new world needs to know how to work with the new technology, as this is what people want and you need to meet their needs to get their business.