Today’s finance industry has never been seen before since the beginning of the world. This is due to the many technical and structural changes shaping the industry.
In consonance to this are reviews shared by enthusiasts on UK.collected.reviews. Also, the publications of assets management companies have only but corroborated this standpoint. If you are still wondering, here are 5 positive impacts of technology on the modern finance industry.
1. Mobile Payment:
One of the impacts of tech in finance is mobile payments. With the rate tech is moving, many people have resorted to mobile and online transactions using mobile payments. If you are not sure what mobile payment means, it is money made through mobile phones such as cell phones or tablets. There are very good reasons for this. The current statistics put global mobile users at 3.5 billion users with over 66% of these users said to be addicted to their phones. Being addicted means there are no creative ways to use smartphones especially in handling funds.
2. Mobile Banking:
Mentioning mobile payment and not mentioning mobile banking would be wrong. Banking and financial services have not been extended to mobile telecommunications devices, thanks to technology. In fact, …