By BDACHAT | 28 September 2018

Fintech - changing the banking landscape

Gone are the days when you had to bank in a traditional way. With the advent of fintech - financial technology - going into a bricks-and-mortar branch is a thing of the past!

Fintech essentially means, using technology to improve finance

Whether its traditional banking or investment banking, we live in an age where the technology grows in leaps and bounds almost every year.

Many people have online banking, but what’s holding us back from making the leap to a fully digital bank?

We discuss what the disruptors – banks like Monzo, Starling, and Atom – are doing to grow their customer base, improve features, and turn what was once unheard of into the norm.

Whether its introducing security features like biometrics, building anticipation of a new card, or simply leading a community-driven environment, fintech is changing how we view finance.

In this episode of BDA Chat, we dive into Fintech and discuss what it is, the pros and cons, and see how technology has evolved in a traditionally “dull” and old-fashioned industry!

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