Investorideas.com

Get investor ideas from our AI, cannabis, cleantech, crypto, gaming, mining, sports podcasts - be a guest or sponsor: call 800 665 0411


Share on StockTwits

Fintech app usage up 61% year-on-year: deVere

 

April 27, 2021 (Investorideas.com Newswire) The use of fintech apps has increased more than 61% since the pandemic started last year, reveals deVere Group, one of the world's largest independent financial advisory and fintech organizations.

The jump comes as financial technology apps show further evidence that the way we manage our finances further shifted in light of the coronavirus pandemic.

James Green, deVere Group's Divisional Manager of Europe, notes: "Pre-coronavirus, we were already in an exciting new era driven by the lightning pace of the digitalization of our everyday lives.

"But like so many areas of our lives, the pandemic has accelerated this trend."

He continues: "The jump in usage of fintech apps from existing clients, and a sharp increase in enquiries from potential ones, underscores that people are becoming more tech-savvy than ever.

"Like never before, people are embracing the convenience of immediate, low-cost access to, use and management of their money."

The deVere CEO and founder, Nigel Green, who has been a long-term advocate of fintech having launched a series of pioneering apps, believes the trend will further increase.

"The financial services sector is currently undergoing, I believe, possibly the most profound transformation in history.

"We're seeing seismic and far-reaching shifts in client expectations. As the world moves towards an ever-more digitalized and globalized future – which is increasingly influenced by those who've grown-up with 'on-the go' tech - this phenomenon can only be expected to gain momentum.

"The way we save, invest, use and manage our money has changed forever. We are witnessing a personal finance revolution."

The CEO goes on to add: "This revolution is a positive force.

"Fintech allows all clients' personal financial services to be dealt with online and/or on their mobile devices, wherever they choose to be.

"It will speed-up financial inclusion around the world, especially for those who aren't able to use financial services because of the biases of traditional financial firms.

"In addition, it allows firms within the financial sector the opportunity to diversify, reduce costs, fulfill regulatory requirements and further enhance the client experience."

Of the year-on-year jump in fintech apps usage, James Green concludes: "Whether the trend in the usage of fintech is a long-term one will be demonstrated as lockdown restrictions are eased around the world and we look ahead to a post-pandemic future.

"I will be surprised if those new users of fintech will ever go back to traditional methods of accessing, using and managing their money."

e: george@priorconsultancy.co.uk
t: +44 207 1220 925
Twitter: @PriorConsults

deVere Group is one of the world's largest independent advisors of specialist global financial solutions and fintech to international, local mass affluent, and high-net-worth clients. It has a network of offices across the world, over 80,000 clients and $12bn under advisement.

More Info:

Investorideas.com Newswire

This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders


Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp


Follow Us on StockTwits






Tech Stocks - Tech Stocks Directory, Tech Stocks News, Research and Resources

Get more Technology stock investor ideas - news, articles, podcasts and stock directories