Fintech is becoming the new normal since the world has to readjust to new living and working conditions
Isolation and lockdown to drive the use of fintech apps. Source: pixabay.com
According to deVere Group, the financial advisory company, the use of financial apps in Europe has increased by 72% in a week due to social-distancing amid the COVID-19 outbreak.
For instance, Zoom Video Communications gained more 32% in share since the market began its decline in mid-February.
Besides, the fintech apps enable immediate, 24/7 access to the use and management of their money. It means personalized, on-demand services at lower costs.
It is also expected that due to the COVID-19 pandemic, the move towards fintech will be significantly accelerated. This way, deVere Group has launched its contactless advice service in responding to the coronavirus outbreak.
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