Fintech Archives - Page 3 of 4 - Mobile Growth Association

Why The Best Fintech Products Are Based In Personal Experiences

It’s probably no surprise to anyone that the number of dual-income households has grown dramatically over the past 40+ years. Today, the majority of American households are dual-income, with modern families looking significantly different than those of previous generations. Unfortunately, the tools and financial institutions haven’t kept up as household makeup and finances have become more… Continue reading Why The Best Fintech Products Are Based In Personal Experiences

Families Are Changing and Traditional Banks Need to Catch Up

There’s little doubt about it: Our economy is changing. That’s in large part due to the coronavirus pandemic, but it’s also because long-time economic shifts that have in the past taken years (or even decades) to change are now speeding up dramatically. To be sure, massive temporary business closures intended to limit the virus’ spread… Continue reading Families Are Changing and Traditional Banks Need to Catch Up

Balancing Innovation and Regulation: Two Sides of the Fintech Coin

According to the FDIC’s “How American Banks” report, approximately 33 percent of U.S. households used a peer-to-peer (P2P) service to make a payment in 2019. That figure has likely only grown during the coronavirus pandemic, with P2P service providers now dipping their toes into other services such as accepting deposits. In fact, for the non-banked,… Continue reading Balancing Innovation and Regulation: Two Sides of the Fintech Coin

How Fintech Can Bridge the Wealth Gap

Probably one of the most well-known social challenges facing us today is the growing wealth gap. According to Inequality.org, the world’s richest one percent own more wealth than nearly half of the entire world population. In the U.S., the top 10 percent owns about 70 percent of the wealth, which comes to wealthy individuals essentially… Continue reading How Fintech Can Bridge the Wealth Gap

The Future of Banking is Digital—But That’s Not All

We talk a lot about what the future of digital banking holds, and often that discussion is focused on technological innovation. However, as our guest on this week’s Fintech Growth Talk discusses, there is no innovation without putting the customer at the center of everything.

P2P Investment Platforms Set to Thrive in Post-COVID World

The COVID-19 pandemic has clearly accelerated change in many industries, and peer-to-peer, or P2P, lending is among one of area of Fintech that has been thriving. P2P lending is seeing a near perfect storm for growth: Widespread adoption of digital platforms, record-low interest rates in many developed countries worldwide, and a well-defined regulatory environment for… Continue reading P2P Investment Platforms Set to Thrive in Post-COVID World

How Mobile Is Empowering CDFIs To Fulfill Their Mission

Community Development Financial Institutions (CDFIs) are banking institutions designed specifically to serve underbanked communities. These communities are often low on the socio-economic ladder, and they often need financial services designed specifically for them. But because the traditional banking model often views people and businesses in these communities as high risk, they’re often overlooked. That’s where… Continue reading How Mobile Is Empowering CDFIs To Fulfill Their Mission

Why Mobile-first Banks Are Rapidly Gaining Market Share

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.

The Biggest Security Threats to Mobile Fintech Apps and Ways to Reduce These Risks

The pandemic caused a 35% growth in the usage of fintech apps in the U.S. alone. But this exponential growth has caused some growing pains. Start-ups don’t always have adequate human and capital resources to match the growth. Apps created on the fly by bigger legacy banks may be rushed to market before proper security… Continue reading The Biggest Security Threats to Mobile Fintech Apps and Ways to Reduce These Risks

What Digital Transformation Really Means for Fintech

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.