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How Geeks Have Shaped our Financial Lives and Times

Everywhere we turn, a new breed of gadgets greet us, primed and ready to relieve us of our small fortunes. First FinTech started stealthily, lulling us into a false sense of security.

Yes, we’re talking ATMs (which at least, had the decency to afford us a convenient means to trouser our own hard-earned, rather than relinquish our steely grip on the folding stuff which came later), yet slowly but surely other bits of tech kit started appearing in shops, restaurants, cinemas and petrol stations; essentially anywhere and everywhere we hung out, yet needed to spend money in exchange for pleasure and leisure.

And today thanks to chip and pin, contactless credit cards, online banking per se and a raft of other virtual ways to splash the (unseen) cash, a variety of transactions are completed in the blink of an eye, courtesy of an army of devices which are queuing up to take our money from us, to save us (the queuing bit, that is).

  1. We shouldn’t get too carried away and scaremonger-y, because despite the dramatic intro we’re not exactly referring to AI taking over the world just yet.
  2. Merely the omnipresence of tech which has conspired to make our financial transaction lives easier in recent times, if not a little scarier. C’mon, is it just us who still think contactless is pure witchcraft!?! The thing is geeks have molded the monetary aspects of our lives so much so that nowadays anything is possible.
  3. And naturally, the world-wide-web plays its part in this new transactional landscape, and in a phalanx of different ways. For example, not only can we bank online but we can also use the internet to find a payday loan lender if we need one at any time of day or night. Indeed, not only can we distribute our own funds here, there and everywhere in the virtual world, but we can also recruit additional funding streams from payday loan lenders at the click of a mouse of the swipe of a touchscreen device.

So, what constitutes the most impressive form of tech-inspired money transactional kit and caboodle here in 2018? Well, up there among the most cutting-edge we’d have to say it was the likes of the vast array of smartphone tech and the abundance of dedicated apps which have been invented to put our own financial matters into our own hands. Or palms, at least.

With new ones being dreamed up daily, all are designed to meet the demands of ever-evolving consumer trends, and from a purely financial perspective are fundamentally changing the way we make (and adhere to) budgets and arrange investments and create savings goals, and are ultimately tailored to customer’s own individual requirements.

Other notable (and noticeable) advancements include the increasing number of wearable devices too, such as smartwatches. Many FinTech industry experts believe that they are set to become what the future of what our retail banking experiences look like going forward.

Examples of how this might come to bear is best illustrated by the way in which Bluetooth beacons could be used to promote personal greetings on customer’s smartwatches from the moment they cross the threshold of a recognized banking location. Elsewhere cryptocurrency is one of 2018’s buzzwords, along with Bitcoin and Blockchain.

So, what constitutes the most impressive form of tech-inspired money transactional kit and caboodle here in 2018? Well, up there among the most cutting-edge we’d have to say it was the likes of the vast array of smartphone tech and the abundance of dedicated apps which have been invented to put our own financial matters into our own hands. Or palms, at least.

With new ones being dreamed up daily, all are designed to meet the demands of ever-evolving consumer trends, and from a purely financial perspective are fundamentally changing the way we make (and adhere to) budgets and arrange investments and create savings goals, and are ultimately tailored to customer’s own individual requirements.

Other notable (and noticeable) advancements include the increasing number of wearable devices too, such as smartwatches. Many FinTech industry experts believe that they are set to become what the future of what our retail banking experiences look like going forward.

Examples of how this might come to bear are best illustrated by the way in which Bluetooth beacons could be used to promote personal greetings on customer’s smartwatches from the moment they cross the threshold of a recognized banking location. Elsewhere cryptocurrency is one of 2018’s buzzwords, along with Bitcoin and Blockchain.

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