FinTech Magazine - July 2022 | Page 44

t ’ s hardly surprising that , over the past three years , not much has been said about personal finance services in the media . The world has been entirely distracted by other matters – especially those involving big tech , big pharma and big finance .
Digital transformation has enjoyed massive discussions in the context of banking and financial services . But the personal finance sector has been undergoing a transformation of its own .
Technology has created a new wave of customers : millennials and even younger customers are embracing a new era of financing , controlled via mobile technology and offering so much more in terms of products and services than ever before .
A time of change for personal finances Anthony DiMarsico is the CEO of Banxe , a fully digital , Belgian banking fintech that enables users to monitor the impact of their purchases on the planet . He points out that many more young people now have an interest in investing – a space that was once reserved for the older and upper echelons of the banking industry . Part of this shift is down to the increased popularity of cryptocurrency .
44 July 2022