The financial industry has seen rapid changes and digital transformation. While the move in this direction was happening in the years prior, adoption was furthered along by the Covid-19 pandemic in 2020—an unprecedented number of consumers were pushed online, with many using apps to manage their financial lives. In fact, in the US it’s estimated that 9 in 10 individuals are using some form of a FinTech app to manage their finances. And with the evolving digital-first landscape, the impact of FinTech is significant for consumers and businesses alike.
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