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Showing posts from December, 2018

Future Finances

Fintech a term used to merge the words financial technology, it is a new form of technology that pushes the boundaries with traditional financial methods, helping to improve financial activity and the delivery of service, such as mobile banking a prime example of fintech making financial services for the general public. Fintech allows companies to use technology to make financial products or services Fintech has been a drastic change into the world, by making it easier to make transactions and access your bank account without ever dealing with the traditional process through a bank. For example, Barclays bank offer a service called “contactless cash” which allows you to use your smartphone to withdraw cash (image below) this is appealing to the consumers because it allows them to access their money physically (cash form) without having the traditional form of a debit card. Banks are becoming more and more digitally advance, for example, Lloyds bank pride them...