I just received my $1,200 government stimulus check via a direct disposit from #Paypal. Thank god for this accessible tech or else my check would’ve made it to an old address. #Fintech companies are helping customers during these hard times more than traditional banks ever could.
Today #SoFi acquired the company whose tech powers most fintechs...#Galileo for $1.2B. SoFi now has an upper hand on competitors #Robinhood and #Chime. The limits are endless for SoFi’s growth over these next uncertain months.
https://t.co/sSwVhVYKa9 https://t.co/sSwVhVYKa9
After seeing #COVID-19 cause restaurants and cafes to create #contactless zones last week, I knew the number of #fintech users was going to drastically rise - but I didn’t expect a 72% rise in usage! The fintech adoption phase is now in full effect... let’s see what’s next...
Restaurants have set up contactless zones to help stop the spread of COVID-19. Cash is no longer an accepted form of payment. They only accept credit/debit cards, #Venmo or #Applepay. This trend will help increase users & improve the #fintech industry landscape in coming months.
Successful fintech companies like #IndiaLends are not only focused on providing customers with bank loans and mobile payments, but also want to focus on the hot topic of #financial inclusion. https://t.co/d0hsHSz4Ub
It’ll be interesting to see how near zero #interestrates and the #coronavirus effect the future of #fintech companies. Consumer lending will dramatically increase, and banks will start to rely more on fintech firms to help provide better digital banking solutions.
BREAKING: The Federal Reserve slashed interest rates to near zero on Sunday. It's an emergency move meant to make borrowing as cheap as possible as the spread of the coronavirus threatens to wreak havoc on the American economy. https://t.co/eg7eELndkm
The #coronavirus caused major declines in equity and bond stocks, so traditional investors are now looking at #cyrpto with more open eyes. Although the price of cryptocurrencies has declined, the volume in the OTC market has actually increased due to more #Coinbase exchanges.
Informative read - #Paybase CEO, #AnnaTsyupko offers 5 great 2020 trends changing the #fintech sector. One major trend being the modernization of traditional financial institutions’ through partnerships with fintech companies to provide highly functional financial products.
The blockchain industry will continue to speed into mainstream understanding. There will be more partnerships formed with traditional financial institutions and growing token adoption of both early and emerging currencies. 🚀🌕
https://t.co/eAF1eeRC5R
#TheFutureofFinance is a great read to learn more about the evolving #fintech industry. It discusses 1) the importance of financial inclusion, 2) the introduction of new business models with the addition of technology, and 3) the implementation of #AI in financial services.