Fintechs have made people’s lives unnecessarily complicated

Danmark Nyheder Nyheder

Fintechs have made people’s lives unnecessarily complicated
Danmark Seneste Nyt,Danmark Overskrifter
  • 📰 FT
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Fintechs have made people’s lives unnecessarily complicated | opinion

Money is too complicated, and we’re to blame. Banks created a bewildering array of financial products. Fintechs made it worse.

In the days before computers, you would go to the bank, and they’d show you how much you had and how much you owed. Simple as that. Then, in the 1970s and 1980s, banks pioneered building different systems for each product — bank accounts, loans, credit cards, mortgages and the like. These once-innovative systems have calcified into inflexible silos that resist connectivity and product evolution.have built a blizzard of new products.

Vi har opsummeret denne nyhed, så du kan læse den hurtigt. Hvis du er interesseret i nyheden, kan du læse hele teksten her. Læs mere:

FT /  🏆 113. in UK

Danmark Seneste Nyt, Danmark Overskrifter

Similar News:Du kan også læse nyheder, der ligner denne, som vi har indsamlet fra andre nyhedskilder.

Woman wins £250,000 after being fired following row about working New Year's EveWoman wins £250,000 after being fired following row about working New Year's EveAn HMRC admin worker who suffered with depression has won almost £250,000 in compensation after being fired by a boss who she claimed ‘made her life a misery’.
Læs mere »

Grants available to help Kettering pensioners with fuel billsGrants available to help Kettering pensioners with fuel billsMoney is being made available for those living alone in Kettering and Barton Seagrave
Læs mere »

Loose Women’s Linda Robson makes shocking confession about marriage to husband MarkLoose Women’s Linda Robson makes shocking confession about marriage to husband MarkLoose Women star Linda Robson makes surprising revelation about married life with husband Mark
Læs mere »

Ancient Microbes Could Still Be Living on MarsAncient Microbes Could Still Be Living on MarsA new study makes the case that descendants of long-ago life forms may still be living on the Red Planet
Læs mere »

Tesco shoppers praise Ninja air fryer dupe hailing it 'best thing I've bought'Tesco shoppers praise Ninja air fryer dupe hailing it 'best thing I've bought'People are looking for bargains especially when it comes to air fryers and it seems that the kitchen gadget is still one of the most highly-sought after cooking 'must haves'.
Læs mere »

Nicola Sturgeon slams 'utterly failing' Tory response to cost of living crisisNicola Sturgeon slams 'utterly failing' Tory response to cost of living crisisNicola Sturgeon has hit out at the government for 'utterly failing' to tackle the cost of living crisis, and made the case for Scottish independence again.
Læs mere »



Render Time: 2025-04-03 05:14:33