How Fintech Has Changed The Future Of Investing
The world is always changing around us no matter what, and technology is always at the forefront of change. Everything from streaming services to stock evaluation is widely available on your portable device be it an iPhone, laptop, or tablet. This article will give you some insight into how FinTech is changing the future of investing.
FinTech is a portmanteau of the words financial and technology. It encompasses the use of computer programs and apps which allow a user easier access to their financial interests. It also allows ease of use of buying and selling stocks or simply just keeping an eye on current trends. This is great because you can do any of these things 24 hours a day anywhere on the planet that has an internet connection. Back in the old days, you used to have to wait for the morning or afternoon newspaper to check your stocks or watch the financial report on the evening news. Those days are over now and the rise of FinTech now allows for a more proactive and informed take on the stock market as well as other investment options.
Image by Freepik
Why use FinTech?
Any investment you make should be seen as of the utmost importance for your future financial security. It doesn’t matter if it is stocks, property, or simply a bank account nest egg, keeping a keen eye on how your money is being handled is a valid reason to embrace FinTech. If you were to buy US stocks but live in another country, FinTech allows you to keep track of them no matter what time it is. This is important because while the US stock market sleeps, you might well be in a country that has heard of some sort of international situation outside of the US that could affect your share prices, depending on what you have invested in. You don’t have to wait until Wall Street reopens to decide your options and make changes.
The vastly enhanced interaction with your financial institution is also a major plus. On a general side, you can ask one on one questions with them and they can provide up-to-date information on how your financials are fairing and can offer you discounts or information about your investments. This, and other aspects, provide high customer satisfaction which in turn leads to a more positive outlook for potential investors once word of mouth and online chat has spread the word.
The benefits of using FinTech
FinTech gives a more open, honest, and engaging platform for people to use and opens the doors for not only more competent investing, but gives businesses a reason to strive to make sure their investors are happy and satisfied. The more transparent your business, then the more confidence your investors will have and the more likely they will give positive feedback and recommend it to other people.
So, it looks like FinTech is here to stay and should be embraced by people who are keen investors in order to make the most of their investments. FinTech provides an essential information stream for investors to receive up to the minute information on companies relating directly to their investment portfolios. It goes without saying that these types of apps are the way of the future so not only will they become an integral part of the finance sector, but they may just be what keeps the financial world running.
Cover Image by Freepik
About the Author
Bibhuranjan Editorial Officer, technofaq.org I'm an avid tech enthusiast at heart. I like to mug up on new and exciting developments on science and tech and have a deep love for PC gaming. Other hobbies include writing blog posts, music and DIY projects.
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