Fintech Review – How Fintech Can Help Consumers Navigate the Cost-of-Living Crisis
In the face of the current cost of living crisis, consumers find themselves grappling with economic challenges unseen since the 2008 financial crisis.
One difference from that time is the significant transformation of the personal finance landscape. That is due largely to advancements in financial technology and regulation. A blend of new technology and more traditional finance has introduced innovative tools and approaches. They can give consumers more power to navigate these challenging times effectively and bounce back faster than before.
These fintech advances, including personal finance apps, Open Banking, automated services, proactive recommendations, all underpinned with a consumer-focused regulatory environment collectively present a stronger, more accessible and safer environment than was available in the wake of the 2008 crisis.
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