The world of banking as we know it has had the same infrastructure for years. There are major banks around the world that control how the smaller, less relevant, banks operate. Although this may seem like unsustainable foundations to build upon, it’s the best we could do until Modern innovators have managed to create Fintech, which is also known as financial technology. “Fintech involves using software or online services that people can use for financial reasons”, says Haim Toledano, an investor.” It is like a bank, but as a much more efficient concept. The efficiency of Fintech is why it will end up changing the way we live now”.

People have turned to using banks because it is all they knew. It was considered the safest, most efficient way to manage our finances, and could give us the opportunity to take out loans. They are what we relied on when it came to anything to do with money. However, Fintech offers everything that a bank offers, only in a much more efficient manner. People nowadays are becoming much more tech savvy, and are getting used to doing everything electronically. For instance, many people even prefer to socialize online than with people in real life. This is why Fintech is going to revolutionize how we manage our finances. It manages to do everything that a bank can do, and even more. You can deposit money, ask for loans, and the difference is that you no longer need to psychically go into a store to do these things, you can simply do all this at the comfort of your own home.

It is estimated that there are roughly 7.2 billion mobile phones on planet Earth. That’s more phones than there are humans. And this is exactly why Fintech will revolutionize everything we know about finances. There are so many people who have this software at their fingertips, and yet they choose to continue going through a bank instead. “Perhaps it is because our inherent tendency to trust banks because this is all we’ve ever known, but it doesn’t have to be this way though”, says Haim Toledano. “Fintech is without a doubt the future of managing finances. Imagine if anyone who has access to Fintech, used Fintech? There would be no need to visit banks anymore, or even to have your name tied to any banks at all”.

This might be a terrifying idea, but just Imagine the entire banking infrastructure collapse due to the rise of Fintech. Perhaps it is too risky, but all the best ideas were created because the innovators were willing to take these risks. The biggest risk to Fintech is whether the regulations can keep up with the innovations. It is true that turning something electronic can lead to much more rapid expansion compared to when it isn’t electrical. This could be seen as worrying simply because we as a race find it hard to do things without making many different mistakes along the way. This is a curse and a blessing. If regulations can’t keep up though, this leaves the doors open to criminal activity, which is concerning simply because in order for Fintech to thrive and grow, first impressions need to be amazing. Imagine if there are hacking incidents when Fintech industries are still trying to prove they are trustworthy? The whole idea could collapse. This is why the innovators must make sure that regulations are keeping up with the innovations. If they can keep things clean, Fintech will change the world.

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8 Responses

  1. Ben Adler

    Fintech definitely has disadvantages but the advantages win this time. It seems like the ultimate solution to all of our problems. Easy & effective. Well done Haim toledano.

  2. Nick Benson

    As long as more people get to know the benefits of fintech, the more influence it will have in the future. Not only it’s easier and saves most of us time, but it also more effective than the regular bank nowadays we all know. Haim Toledano definitely knows how to invest on the best side.

  3. Arnold Silverstein

    Amazing idea, Haim. More people nowadays are using their “smart” devices just to make simple actions we used to do on our own. Starting from shopping online, even shopping in the supermarket has now become viral in the internet.
    This fintech method will definitely take over the world simply becasue we are using technology way more than we used to in the past.

  4. Sean Rogers

    These tips are great especially for young inventors that want to success in big projects & companies. Haim toledano has definitely been a long time in the business world, along with the investing world. It is important to calculate every step you do especially because investing comes with so many risks. In order to success, we all should learn from people who have a lot of experience.

  5. Dean Butler

    I have to say that just by reading this article, Fintech sounds amazing! That will definitely make our lives easier and will save us a lot of time. By the end of the day every investment pays off if you take your tips from people like Haim Toledano, that have been in the market for a long time. You need to plan your moves carefully.

  6. Tyler Bilinson

    Fintech is going to change the world of banking becasue of the simple because it is way easier and saves us all plenty of time. People nowadays want everything that is efficient, faster and easier. That’s why fintech is such an amazing invention that going to change the world of banking.

  7. Simon King

    As you say time is money and so many people these days just don’t have the luxury of time so i think Fintech is definitely the way forward in so many ways cant wait for your next update Haim Toledano

  8. Justin

    Finally. We see cryptos, we see Fintech. The world’s going to change. There’s not doubt about it. I like these great minds working on these projects to help us break out of the traditional systems and make our world a more free.


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