Fintech - What Apps You Should Know?Submitted by National Wealth Management on December 1st, 2017
Smart-phones are less of an option these days and more of an extension of everyday life. Your phone is there for you when you need to know the weather, connect with your friends and colleagues, and when you just have to post that perfect Instagram of yesterday’s brunch. So it’s really no surprise that financial technology, or FinTech for those in the know, is having a major boom right now, developing some pretty incredible apps. For those of you who don’t know, Fintech is the emerging financial services sector, “including any technological innovation in the financial sector, financial literacy and education, retail banking, investment and even cryptocurrencies like bitcoin.”
Major Fintech players are developing some incredible technology. Below is a guide to a few of the most popular financial app types.
Apps for Online Banking
It’s probably no surprise that the turn of phrase, ‘banking hours’ is becoming a thing of the past. With the development of online banking, no longer is the average customer confined to 9-5, Monday to Friday. Your banking app has some incredible usages, from sending money, to paying bills, to cashing a cheque with a picture. Most banks have developed their own apps, however, if you’re curious, check out Surviscor's 2017 Canadian Mobile Banking Rankings to see the best of the best in Canada.
Apps for Financial News
First things first, the development of apps in the financial world has greatly allowed for financial literacy to be available to the public. After all knowledge is power, and these apps are allowing the everyday investor to have up to the minute information on the sometimes tumultuous landscape that is the financial markets. Investopedia does a fantastic job of reviewing some of the best apps for financial news.
Apps for Personal Financial Tracking
Another major category of FinTech apps is tracking your personal financial goals. Apps like Mint allow for users to set financial goals, and can often be used in conjunction with advice from financial professionals. What’s cool about this technology, is that you can connect your bank account to the app, and through the platform you can see, through graphs and charts, your spending habits, and track progress towards your goal.
PC Mag has done an incredible job ranking some of the top apps in FinTec from security ranking, to ease of use. Read their comprehensive app review here.
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