HOT
  • Login
  • Register
FeedBox
No Result
View All Result
  • Home
  • Buzz Feed
    Cannabis leaf and love sign

    15 Best Places to Live if You Love Cannabis

    Humpback whale nearly swallows these kayakers in California

    Humpback whale nearly swallows these kayakers in California

    Benefits and Challenges of AI Chatbots You Need to Know

    Benefits and Challenges of AI Chatbots You Need to Know

    Take A Virtual Vacation - 7 Amazing Sites to Visit From Home

    Take A Virtual Vacation - 7 Amazing Sites to Visit From Home

    A 77th Happy Birthday salute to rock legend Mick Jagger

    A 77th Happy Birthday salute to rock legend Mick Jagger

    Trending Tags

    • Funny
    • Gaming
    • Health
    • Viral
    • Food
    • News
  • Viral feed
    Funniest quarantine love scene ever

    Funniest quarantine love scene ever

    One hilarious Peloton moment you don’t want to miss

    One hilarious Peloton moment you don’t want to miss

    The best stay at home coronavirus music video ever

    The best stay at home coronavirus music video ever

    12 images of Chris Evans as hand sanitizers

    12 images of Chris Evans as hand sanitizers

    Howl Off Between A Boy and His Dog Is Pure Viral Joy

    Howl Off Between A Boy and His Dog Is Pure Viral Joy

    Trending Tags

    • Food
    • Funny
    • Gaming
    • Health
    • Viral
    • Entertainment
  • Fad Feed
    Klick Klacks the fidget spinner of the 1970s

    Klick Klacks the fidget spinner of the 1970s

    17 things that made the fabulous ’60s. Are they fab today?

    17 things that made the fabulous ’60s. Are they fab today?

  • Video Feed
  • Photo Feed
    Remarkable unexplored historical photos

    Remarkable unexplored historical photos

    Fall is Here! Autumn Foliage Photography Roundup

    Fall is Here! Autumn Foliage Photography Roundup

    A 77th Happy Birthday salute to rock legend Mick Jagger

    A 77th Happy Birthday salute to rock legend Mick Jagger

    The hospital ship USNS Comfort arriving in New York

    When dogs are surrounded by cats

    When dogs are surrounded by cats

    10 Funny Cat Pictures That Will Make Your Day

    20 Hilarious Dog Face Reactions

  • Animals
    When AI Goes Wrong… These AI Generated Dogs Will Make You Laugh

    When AI Goes Wrong… These AI Generated Dogs Will Make You Laugh

    man giving dog cbd

    3 Of Our Favorite CBD Brands For Your Dog

    This dogs look tells 1000 priceless COVID words

    This dogs look tells 1000 priceless COVID words

    Everyone needs a hug!

    Everyone needs a hug!

    Priceless crisis advice from our 4 legged friends

    Priceless crisis advice from our 4 legged friends

    When dogs are surrounded by cats

    When dogs are surrounded by cats

    5 cat faces to start OR end your day

    5 cat faces to start OR end your day

  • Tech
  • Infographics
  • Quotes
  • How to
  • Life
  • More
    • About
    • Contact Us
No Result
View All Result
FeedBox
No Result
View All Result

How to protect your assets when using fintech?

Peter Bordes by Peter Bordes
March 16, 2020
in How to, Tech
126 1
0
115
SHARES
234
VIEWS
ShareShare

Big financial players need to play catch up with a new player – advances in technology mostly launched by fintech startups. This phenomenon is quickly changing the global financial landscape. 

The situation is serious – 85% of banks have made digital transformation their business priority and 75% of all global consumers are using some fintech service for money transfer. 

Why is this happening? 

Speaking from the marketing side, fintech is much better responding to customer needs when it comes to personalization, accessibility, and convenience. Sound compelling? 

Problems happen when the possibility of cybercriminal kicks in when our money is already online.  This is how to use the fintech revolution smartly. 

The chatbot is great 24/7 assistance, but it is still a computer program

The main advantages of chatbot technology are speedy responses, pointing customers in the right direction and automating data collection. They can provide assistance 24/7 and help customers to find pieces of information in seconds which will significantly improve their customer’s rate. On the other hand, what if the database where that information is stored is easily hackable? Or, how would customers know that they are speaking with a legitimate bot assistant? 

Blockchain and Crypto may be faster, but with a price

When it comes to the open innovation movement, businesses in finances are taking an approach in the area of Blockchain. Why? Because transactions are faster and cheaper. 

However, cryptocurrencies have their own share of risks. According to cybercrime statistics, cybercriminals have stolen more than $4.26 billion from cryptocurrency exchanges, users and investors.

What will be the long-term impact of new technologies on the world of finances, we’re yet to see, but they are changing the payment ways, and they are doing it fast.  

Multi-channel customer experience is a must, but be careful

Banks are operating almost entirely in digital ways and that is no surprise when we know that digital channels are dominating the way customers connect with businesses. 

Mobile, social media, live chat, and SMS now have to meet all new consumers’ demands.

This means that customers can get consistent interaction online, no matter what device they use. This means that financial institutions are getting smarter, and aiming to migrate transactions and sales to digital channels and create a unified user experience. 

But before this happens, be careful. Predictions are that 300 billion of passwords will be online in 2020. How will they be able to protect them all? 

Use robots as a financial advisor only with multiple checks

Virtual assistants are being a significant threat to traditional operators. Automated technologies are offering more and more competitive solutions every day, so robo-advisors could become our reality in the near future. 

Did you know that one of the most prominent fintech startups gives users the opportunity to create invoices in a simple way?

Should human financial advisors be worried? Not for now. A hybrid approach to humans and machines is still delivering the best results when it comes to the delivery of financial advice. 

Automation helps to capture leads, rebuild relationships with customers, while humans are still irreplaceable when it comes to the advisory part. 

When talking about online financial advisors, we have to mention the most prominent one – Betterment. “The smart money manager” , as they like to call themselves, is using technology to satisfy more than 450 000 customers and using all of the above in order to deliver unique customer experience. 

The destiny of traditional banks: If you still prefer them

The banking industry will have to evolve and reimagine products and services in order to stay competitive. They will have to put the customer at the center of the process in order for him to have a better experience. 

The digital revolution has started and traditional banks will have to watch closely and consider partnership opportunities, innovation and investments just to keep up with the innovations. 

With all that being said, what does the future hold for the financial sector?

 

Discussion
Tags: bankingblockchainchat botsfinancefinchinvestingrobotics
Share46Tweet29Pin10SharePin10Share1Share8Send

Unsubscribe
Peter Bordes

Peter Bordes

Founder & Managing PartnerTrajectory Capital venture investing in disruptive innovation driving global digital transformation. Lifetime entrepreneur, CEO, mentor, Board Member obsessed with the infinite realm of possibility in the digital transformation of the world. Founder & Board Member TruVest, MainBloq. Board Member Beasley Media (NASDAQ: BBGI) Fraud.Net, Hoo.Be, ALFI (NASDAQ: ALF)

Related Posts

african hair braids
How to

The popular african braiding style

November 8, 2022
How to

Reasons your property needs land clearing

November 7, 2022

Subscribe to get daily news update direct to your inbox!

Trending

online tailored suit
Life

Breaking Down the Process: How Online Tailored Suits are Made to Measure

4 weeks ago
custom shirts
Life

Sartorial Satisfaction: The Joy of Wearing Custom Shirts Online

1 month ago
custom tuxedo online
Life

The Art of Tailoring: How Online Custom Tuxedos are Created and Fitted to Perfection

1 month ago
tailor-made jackets
Life

The Art of Tailoring: Why Custom Jackets are Worth the Investment

1 month ago
online custom tailored suits
Life

Made to Measure: The Rise of Online Custom Tailored Suits and their Advantages

1 month ago
FeedBox

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Follow & Engage

Follow Us

Recent News

online tailored suit

Breaking Down the Process: How Online Tailored Suits are Made to Measure

March 1, 2023
custom shirts

Sartorial Satisfaction: The Joy of Wearing Custom Shirts Online

February 24, 2023

Categories

  • Animals
  • Buzz Feed
  • Fad Feed
  • Food
  • How to
  • Infographics
  • Life
  • Photo Feed
  • Quotes
  • Tech
  • Trivia
  • Uncategorized
  • Video Feed
  • Viral feed

Tags

AI animals apps business cats coronavirus COVAD19 COVID COVID-19 digital marketing dog dogs Entertainment fun Funny funny videos Health hilarious how to infographic innovation instagram investing marketing mobile mobile apps online business pandemic pets photos quarantine quarantine life social distancing social media startups stay at home stock market tech technology Twitter video Viral weekend wellness work life
  • About
  • Advertise
  • Privacy & Policy
  • Contact Us

© 2020 FeedBox. - Viral news magazine.

No Result
View All Result
  • Home
  • Buzz Feed
  • Viral feed
  • Fad Feed
  • Video Feed
  • Photo Feed
  • Animals
  • Tech
  • Infographics
  • Quotes
  • How to
  • Life
  • More
    • About
    • Contact Us

© 2020 FeedBox. - Viral news magazine.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Subscribe For Latest Updates

Sign up to best of audience-based advertising news, informed analysis, insights and disruptive innovation.

Invalid email address
We promise not to spam you. You can unsubscribe at any time
Thanks for subscribing!