What’s next for personal financial service?
Personal finance, also known as the financial management, should be taken into account to avoid various financial risks and to possess better future life events. Personal financial services are to be provided to people of all classes for supplying personal financial needs. Not only you but also everyone needs good ways to manage money. You need to have a strong financial management using the financial services for being wealthy. As an example, if you are including in the poor and the middle-class people, you need access to safe and affordable financial services that can meet your daily needs. This is one of the most effective instruments to help you build healthier and better live. If you are the wealthy, you need services as where to keep your money safe and to find reliable sources to make investments. Therefore, there is no one who does not need personal financial services for possessing excellent future. I am sure that you are also one in millions who need personal financial services.
Sai Hnin Aung, Founder of MicroMoney
Technology has played a major role in the sector of finance. In the 21st century, most of the financial services are further digitalised through mobile wallets, particular applications, and internet. Technological innovations also named “Fintech” is bringing a change in the financial sector. Fintech provides what customers needs as trust, security, privacy and better services. It upgrades financial services with a focus on cross-border payments and the impact of ledger technology. The financial industry is rapidly being transformed by the Fintech. What I believe is that such financial innovations offer chances to reduce time consuming and money remittances through more effective processes. The investment in Fintech has been a huge amount and there is no sign of decreasing. A lot of financial services today are also based on financial technology.
Therefore, processes that used to be time wasting, unsecured, and complicated are innovated by Fintech that has an impact on the whole financial services guiding a shift for traditional banks to innovate.
MicroMoney is a microfinance institution that provides individuals and small enterprises with short-term loans for personal financial needs. As people worldwide lack access to basic financial services, you may also be one of them who has limited capacity to overcome poverty and to increase the standard of living. MicroMoney provides loans through mart contracts, transparent and reliable credit history. MicroMoney fully focuses on micro-financing in the money lending industry. With the utilization of Fintech, loans are contributed via online without any collateral requirements. Clients can get the money by just filling in the application form on MicroMoney mobile app. Using machine learning algorithms, loans are approved in just 15 seconds and delivered the funds within one hour.
By satisfying financial needs, MicroMoney helps you reach your goals despite facing challenges and rough situations. Through the use of online platform, technology advancement and crisis and issues related finance are coupled for the flourishment of supplying marketplace lending services. This is how MicroMoney is providing financial to the customers. The use of software and digital platform becomes such an effective tool for delivering financial services to consumers. More and more companies start to adopt the technology to apply in their financial services for managing better financial aspects of their business.
It is so clear that the companies adopting Fintech in supplying financial services to people have more potentials to grow in popularity. The new technology is changing the way all businesses are done, how products and services are processed and the way consumers and customers take part in these processes. All businesses can be helped by innovative Fintech through improved payment systems, customer relationship and invoicing and collections. In today World, what you all need to have is just a mobile phone or a tablet to carry out transactions. Fintech is an instrument that owns an ability to match investors, lenders and borrowers as well as to enable retail investors to largely participate in the market.