Blockchain Technology in Banking Sector - Promising Future

FinTech is no longer a passing trend but a profitable venue for startups and financial incumbents.

Banks and financial institutions embrace the shift towards digital to capture the value of the growing segment of digitally active customers and reduce capital and operational expenses.

While SupTech and RegTech companies ensure the global economy does not see the repeat of the financial crisis of 2007-2008 and strive to protect sensitive data, FinTechs' goal is to develop a mobile banking application full of customer-facing features.

The apps gain popularity across the globe, despite security concerns, help companies add value throughout the customer journey, expand their ecosystems, and enter promising new markets.

Let's delve deeper into each crucial facet of banking app development and their business impact.

Over the last decade, the Fintech landscape has grown by an annual rate of about 24% across developed nations within Europe, North America, and Asia according to an overview of market developments by EY. As this growth has become amplified, we see Fintechs proving to have a considerable impact on the financial industry in the way of innovative, customer-friendly solutions that offer greater flexibility than current options provided by traditional institutions. While this works in developed nations, where the customer base wants flexibility, in underdeveloped nations like Sub-Saharan Africa, there is massive potential.

Here is how Fintechs are helping African Nations transition from being unbanked or underbanked to financial inclusion.

Miracle Mile Advisors, one of the top-ranked, fastest-growing independent investment advisory firms, was recognized today by Financial Times as one of America’s Fastest-Growing Companies 2020.

This award is the latest addition to its growing list of industry accolades.“The Financial Times Award is a testament to the tenacity of our firm and each individual advisor,” said Duncan Rolph, Managing Partner of Miracle Mile Advisors.

“Our Miracle Mile Advisors’ growth is fueled by top-notch client service, cutting-edge technology integration and ongoing employee development.”The Financial Times, in partnership with Statista, compiled a list of America’s 1,000 companies with the most substantial growth between 2015 and 2018.

The companies on this list generate jobs and sustain market competitiveness.

The report will focus on innovation and growth within North and South America.In 2020, Miracle Mile Advisors has received three other prominent awards:Investment News Best Place to Work for Financial Advisers 2020 – Miracle Mile Advisors was identified and recognized as one of the best employers for financial advisers based on employee feedback.Los Angeles Business Journal Emerging Business Award nomination – The Los Angeles-based award nominated Miracle Mile Advisors as one of the leaders of emerging and small companies in Los Angeles who are making an impact and driving economic growth.RIA Channel Top 100 ETF Power Users – Miracle Mile Advisors was listed as one of the top wealth management firms based on its aggregate total firm ETF assets.