THE BENEFITS OF FINTECH
DAVID Ranch, a data analyst at consultancy firm AlixPartners, says fintech offers consumers the following benefits:
• The growth of robo-advice, which helps consumers to optimise their use of financial products. Experts anticipate that, over time, robo-advisers will enable consumers to become more financially savvy.
• Personal analytics. The data consumers have at their fingertips gives them greater insight into their finances.
• Price comparison. Giving customers access to machinereadable files of their transaction data facilitates straightforward comparisons and enables customers to make better-informed choices about where they can obtain the best value.