What Google Can Teach You About FinTech

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What Google Can Teach You About FinTech Google is
almost 20 years old. In these two decades, it has
become one of the most popular tech companies in
the world. So much so that we use it every single
day. Hence, I don't think one can deny the huge
impact that Google has had on the world. So many
of our mobiles run on Google's operating system,
we use the Google browser every day and whenever
we can't find the way we fall back on their Maps.
This is what makes me feel that there's a lot
that Google can teach us. Take for example
FinTech. It's a technology-based product aimed at
improving everyone's lives. One cannot deny the
similarity that FinTech has with Google. Both
disrupted their industries and made things more
accessible to people.
It is this similarity that reveals that Google
can teach you a thing or two about FinTech.
While Google has already established itself,
FinTech is still growing and has a lot to prove.
But, what is certain is the fact that FinTech is
destined for a brighter future. So, here are a
few things that Google can teach you about
FinTech. The Reason Why Google Can Teach You
About FinTech Google was a novel innovation just
like FinTech is. And, to a certain extent, Google
too was created out of necessity rather than a
luxury. People were at a point where they had
internet and it had the power to make a lot of
things accessible to everyone. Google saw the
chance and fulfilled this void. Similarly, when
FinTech companies started to offer their
services to people, the banks were not that
forthcoming with loans. A lot of things
including recessions and economic crises forced
the banks to impose heavy regulations. So, the
banks could not serve a lot of customers. These
FinTech companies offered them loans that the
banks could not. So, in a way, both disrupted
their respective industries and empowered people.
You cannot ignore the power Google has nor the
fact that we need it almost all the time for
something or the other. It has become a
necessity. Banking too is a similar necessary
service. In fact, FinTech has helped promote
banking and inculcate it in places that
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were previously unbanked. People living in rural
areas can now use the Internet to bank
online. Making Things Easier When Google
emerged, its sole purpose was to make people's
lives easier. Now, if you wanted to know
something, you could just Google it. That's how
you searched for people, information, and
businesses. Prior to this, you would have to
search manually in telephone directories, yellow
pages, and what not. FinTech too has made
banking easier for people. Prior to FinTech
people would have to spend a lot of time going
to banks, preparing cheques, getting their
documents ready. In a nutshell, they had to
spend a lot of time and energy in order to go to
banks. Now, banking comes to you. FinTech has
given you the opportunity to bank online. From
sending funds to paying bills, you can do all of
this on the internet, from wherever you want to.
The same convenience that Google has granted us
is what FinTech is giving us now. It makes
everything quicker and easier. Changing The Way
We Think Google provides a host of services via
Gmail, YouTube, Docs, Maps, etc. It has
revolutionised so many things. It has changed the
way you send emails and collaborate with people.
This has greatly benefited businesses,
freelancers and a lot of other people. By
offering every service from Docs to Mail under
one single umbrella, syncing and sharing work is
no more a hassle. Similarly, FinTech too has
allowed you to control your bank account. It
allows you to do everything you want. Not only
that it has helped grow a lot of small businesses
into flourishing larger ones thanks to their
relaxed lending systems. People who are newly
employed or do not have stellar credit scores too
can benefit from FinTech companies. They can get
personal loans to improve their credits scores
or pay off credit card debt if they want to.
There's simply no hassle or rejection involved.
Your get loan approval in a matter of
minutes. So, what Google can teach you about
FinTech is that people like personalized
services. They prefer to get information as fast
as possible. In this case, it is the array of
banking services that FinTech companies offer. It
is simple, yet it is efficient. Just like Google
is.