Like many industries, banking has been dramatically impacted by the coronavirus pandemic. Consumer trends that had been gaining steam over the past several years have only accelerated due to health and safety concerns.
One of the top business buzzwords in recent years is “digital transformation,” which too often is used to describe the adoption of digital tools. But Ron Shevlin, Managing Director of Fintech Research at Cornerstone Advisors, believes it’s something much more fundamental.
As smartphone adoption only continues to grow, there’s been a lot going on in the world of mobile fintech over the past few years. And the pandemic has only accelerated those developments. In-person banking has become increasingly irrelevant; after all, most consumers can handle nearly all their banking and financial transaction needs on a smartphone.… Continue reading From Cashless to Cardless: Increasing Use of Digital Wallets
When we think of innovation, we often think only about the creation of new technologies that empower or enable us to do things differently than before. But digital transformation and fintech innovation best-selling author Richard Turrin sees it as something much more fundamental. For Turrin, it’s anything that improves the relationship between people and technology.
Mobile and finance are two underlying pillars of business — and when you combine them you get the disruptive force of fintech. The numbers are staggering. eMarketer estimates the U.S. mobile payment market increased 41% from $69.8 billion in 2018 to $98.8 billion in 2019. Those numbers have only increased as COVID-19 forced even the… Continue reading Introducing Fintech Growth Talk
