09 Nov Edtech is the next fintech
Fintech is a factor of the fourth industrial revolution that has completely taken the world by storm and forever revolutionized how we bank. But many believe it is still in its infancy, with figures suggesting the same: global investment peaked at $5.3 billion in the first quarter of this year — a whopping 67 percent over the same period last year.
So why the screaming surge to success? Fintech startups identified a shift in society, one led by a hungry consumer demand for innovative and digital services. In fact, recent studies showed more than one-third of us would leave our bank if they didn’t offer the most up-to-date technology.
It’s simple — we want things made easy, more accessible and provided instantly. The founding fathers of fintech recognized this expectation and took the traditional concepts of financial services, added a pinch of innovation and a touch of technology and watched the future of banking change forever.