{"id":42934,"date":"2021-04-28T10:55:09","date_gmt":"2021-04-28T02:55:09","guid":{"rendered":"http:\/\/www.upgrademag.com\/web\/?p=42934"},"modified":"2021-04-28T10:55:12","modified_gmt":"2021-04-28T02:55:12","slug":"fintech-app-usage-up-61-year-on-year-devere","status":"publish","type":"post","link":"http:\/\/www.upgrademag.com\/web\/2021\/04\/28\/fintech-app-usage-up-61-year-on-year-devere\/","title":{"rendered":"Fintech app usage up 61% year-on-year &#8211; deVere"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>The use of fintech apps has increased more than 61% since the pandemic started last year, reveals deVere Group, one of the world\u2019s largest independent financial advisory and fintech organizations.<br><\/strong>\u00a0<br>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.<br>\u00a0<br>James Green, deVere Group\u2019s Divisional Manager of Europe, notes: \u201cPre-coronavirus, we were already in an exciting new era driven by the lightning pace of the digitalisation of our everyday lives.<br>\u00a0<br>\u201cBut like so many areas of our lives, the pandemic has accelerated this trend.\u201d<br>\u00a0<br>He continues: \u201cThe 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.\u00a0\u00a0Like never before, people are embracing the convenience of immediate, low-cost access to, use and management of their money.\u201d\u00a0\u00a0<br>\u00a0<br>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.<br>\u00a0<br>\u201cThe financial services sector is currently undergoing, I believe, possibly the most profound transformation in history,&#8221; Green says. \u201cWe\u2019re seeing seismic and far-reaching shifts in client expectations. As the world moves towards an ever-more digitalized and globalized future \u2013 which is increasingly influenced by those who\u2019ve grown-up with &#8216;on-the go&#8217; tech &#8211; this phenomenon can only be expected to gain momentum.\u00a0The way we save, invest, use and manage our money has changed forever. We are witnessing a personal finance revolution.\u201d<br>\u00a0<br>The CEO goes on to add: \u201cThis revolution is a positive force.\u00a0Fintech allows all clients\u2019 personal financial services to be dealt with online and\/or on their mobile devices, wherever they choose to be.\u00a0It will speed-up financial inclusion around the world, especially for those who aren\u2019t able to use financial services because of the biases of traditional financial firms.&#8221;\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In addition, it allows firms within the financial sector the opportunity to diversify, reduce costs, fulfil regulatory requirements and further enhance the client experience.<br>\u00a0<br>Of the year-on-year jump in fintech apps usage, Green concludes: \u201cWhether 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.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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.<\/p>\n","protected":false},"author":6,"featured_media":42935,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,22],"tags":[2096,5939,5247,4156,3704,4536,6498,6151],"class_list":["post-42934","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-headlines","category-spotlight","tag-finance-and-banking","tag-finance-technology","tag-financial-industry","tag-financial-technology","tag-financing","tag-fintech","tag-good-tech","tag-high-tech"],"_links":{"self":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/42934","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/comments?post=42934"}],"version-history":[{"count":0,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/42934\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media\/42935"}],"wp:attachment":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media?parent=42934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/categories?post=42934"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/tags?post=42934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}