BANKING

ANTHONY DIMARSICO CEO OF BANXE

He says : “ Many people , particularly younger people , have become more interested in investing , especially investing in the world of digital currencies . Investments – and DIY investments , in particular – have become more prevalent since the first lockdown , possibly because it allowed people more time to research and pursue what were once fleeting interests .”

But the current economic climate has also had an impact on customer attitudes towards their finances . “ Inflation and cost of living have continued to increase , reaching record levels , leading once more to people seeking additional revenue streams through digital currencies . Additionally , there is general distrust towards the traditional banking system , mainly due to the outdated banking environment and the inability to provide fast and reliable payment options ,” says DiMarsico .

New trends in the personal finance space Makala Green , founder and director of Green Wealth Planning , says the demand to integrate services that enable consumers to “ unlock ” their financial potential and use both cash and crypto has driven huge disruption in the financial services marketplace .

“ We are seeing a rise in digital investing , such as cryptocurrency , with a huge proportion of investors being Gen Z , which contradicts the traditional age demographic of investing ,” she says . fintechmagazine . com 45