Newark, New Jersey, June 04, 2019 (GLOBE NEWSWIRE) -- Julia DePinto-Perez is the Vice President of Finance at Pillar College, New Jersey. She has worked as a school business administrator for 20 years. Teaching finance and working on financial problems is her passion. Having seen the financial sector evolve in the two decades she has been an administrator, she sees potential growth in the financial technology sector.
Stay Up to Date
2018 saw the fastest growth in the Fintech sector yet. Total investment doubled from $50 billion to $110 billion from the previous year. The report shows that significant improvements were made year by year, particularly in America.
The growth in the last decade has been mainly fueled by the proliferation of mobile devices and access to the internet. In many parts of the world, technology is now used to bank the under-banked and unbanked. A whole host of technologies from P2P payment systems, Blockchain, and mobile transfer applications are taking over the financial sector.
Julia DePinto-Perez believes that the adoption of the technology in recent years is due to recognition by the players in the industry of the significance of Fintech. Many organizations now realize that they may lose to the competition thanks to the efficiency and convenience of these technological solutions.
One way that businesses can take advantage of these changes in technology is to stay up to date. Making an effort to pay attention to the trends in Fintech can give you ideas and even help you enhance your business processes. According to Julia DePinto-Perez, this will also prevent you from being caught off guard in cases of market changes or changes by the competition.
Strategy and Organization
Like in all businesses, you should always try to satisfy unmet needs. AI and mobile applications are developing applications that can effectively address your client’s challenges. The solutions range from areas such as customer service to giving advice on spending, saving, investing and managing savings.
Understanding your organizational goals and your customer’s needs clearly are critical if you are to unlock the opportunities that come with Fintech technology. There are applications you can incorporate into your system to enhance your customer’s personal experience. Younger customers are always looking out for these unique services.
Consider collaborating with older financial entities. Your collaboration with other organizations can enhance the value of your financial solutions exponentially. Customers expect convenience and speed when it comes to financial services. Start with a clear plan, keep your eye on market developments and execute with passion.