The way people spend, save, and handle money nowadays have drastically changed. With the introduction of fintech solutions and new investment vehicles, it’s not surprising to see banking and financial industries now adapting to the modern needs of the younger generations.
More tech trends are set to disrupt financial services in 2020, with the continued rise of artificial intelligence, blockchain, and automation. There’s also the fact that the oldest Gen Zers are now either in college or beginning to enter the workforce. Along with millennials, their behavior is critical to what can influence the banking sector for years to come.
Below are some interesting financial trends you should look out for in 2020, as well as how these can benefit or impact the way you currently manage your money now.