The next big thing in finance is fintech, which is to say, how finance and the world of finance grapples with and integrates all of these advances in technology

1. Next Big
Thing In
The
Future Of
Finance

2. The next big thing in finance is fintech, which is to say,
how finance and the world of finance grapples with and
integrates all of these advances in technology that will
impact how individuals save, how they invest, and how
they interact with all aspects of their finances
:

3. What Exactly
Is FinTech?
FinTech is a combination of two familiar words
—
Finance and Technology. It’s the
abbreviation of Financial Technology and is an umbrella term that denotes all
companies that use digital technology to provide financial services.

4. Global investment in FinTech has exploded
in the last few years. FinTech is now a multi-
billion dollar industry, with massive
potentials for growth. The best part
—
unlike
other industries that are dominated by
multi-national corporations, FinTech is
powered by small start-ups that use
innovation and technology to dominate.

5. Now, importantly, it's not just
how financial firms use these
[technologies]
Keep your eye on how every firm, from Nordstrom to Intel, integrates
these into their processes. Keep your ear to the ground and your eyes
open on fintech, and that'll give you a good direction on the future of
finance

6. Is it a good idea to place savings in bitcoin to protect it
from inflation? No, not a good idea. Inflation moves in basis
points, or 1% or 2%, whereas bitcoin moves in much bigger
swings over the
course of a day or an hour
Then, you might want to consider it
Look, this is not a podcast about finance, or specifically about
finance. It's a podcast more about decision-making and all the
errors and wonky decisions that people make and, importantly,
how to make these decisions better. In fact, finance - financial
markets, asset prices - is just the aggregation of all these
biases, mistakes and difficult and complex decisions.

7. So, the more you understand those, the
deeper you're going to understand all
financial markets, from bitcoin to Tesla
to the value of a dollar
The Popular Types Of
FinTech Service
Providers
For years, traditional banks were the
only options for borrowers. This made
it highly challenging for borrowers
with poor credit scores or no collateral
to access funds. Digital lending
platforms like Indifi connect borrowers
with other non-banking lenders.
Online lending covers all borrowing
from personal loans to business loans
and more.
Digital Lending Platforms

8. Robo
Advisors
These are online investment services that use algorithms to provide consumers
with the best investment advice. From handling the actual investments to re-
balancing and asset allocation
—
these services take care of the A-Z of
investing

9. Mobile
Payment
Providers
These are digital wallets that help consumers pay for
their purchases without using a credit card or a bank
account. All you have to do is load the mobile wallet
and use it for all online and even real-world purchases.

10. Online
Banking And
Personal
Savings
Long gone are the days, when banks were
the only way to save your money. Today
there are an array of FinTech start-ups that
provide micro-savings providing consumers
with alternative ways to grow their personal
savings, without relying on banks.

11. Thank You