carstens5_Getty Images_finternet Getty Images

The Rise of the Finternet

Financial services must catch up with the advances made in communications since the advent of the internet and smartphones. That will require taking bold action to build a seamless, interconnected network that would give all individuals and businesses full control over their financial lives.

BASEL –The financial system is ready for a giant leap forward. It’s time to explore new frontiers. We foresee a time when applying for a mortgage or a small business loan could be as easy as texting a friend or booking a hotel room online.

https://prosyn.org/c50YDQO