Over the past decade, there has been a huge shift of consumer preference to utilize mobile devices. This shift has impacted every industry, especially banking and financial services. In 2015, mobile banking became the number one way to bank, surpassing branches and online banking (BBA). With this rise in mobile banking—combined with the closing of traditional banks due to the pandemic—the FinTech industry has boomed. Financial services have never been more accessible to the everyday consumer, from asset management to [...]

Nine Musts for the Modern Financial Application For many years, financial applications were largely enterprise applications that were rarely updated. They may have been used by internal team members performing routine tasks over and over again. […]

The FinTech evolution brought us better finance management tools, mobile payments, crowdfunding, fast loans, and peer-to-peer lending. All this was done by brilliant minds that came together, understood the significance of Design Thinking, and created services where banks and financial institutions struggled. Despite that, there are still many financial applications that are out of date. […]