Majority of UK users say FinTech apps help in some way

88 per cent of UK users find that FinTech apps and services have helped them in some way, new research from Open Finance data network Plaid has found.

According to the study, which surveyed 4,000 in the US and UK, two-thirds of respondents say technology has helped them feel more comfortable talking about financial topics

Half – 49 per cent - report feeling more in control of their finances since using FinTech.

A further 36 per cent said that financial tech has helped reduce fear and financial stress in their lives.

“With the flurry of activity in FinTech funding, chatter around market valuations, and notable acquisitions in recent months, it can be easy to forget the more important role that fintech can play in improving peoples’ everyday financial lives,” said Keith Grose, head of international, Plaid. “Helping people to manage their money during stressful times, improving convenience, and bettering the financial services experience are all of the forces behind what is driving fintechs’ success.”

    Share Story:

Recent Stories

Meet Evelyn, your Economic Sanctions/PEP/Adverse Media Alert Adjudication Analyst
Meet Evelyn, an Economic Sanctions/PEP/Adverse Media Alert Adjudication Analyst, who uses native AI/ML capabilities to automate the Customer/PEP screening and Negative News screening alert adjudication processes for leading BFS organizations with greater speed, accuracy, and consistency than human analysts.

New Business Frontiers
FStech’s Mark Evans discusses the future of financial services with Liu Jianning of Huawei, covering the limitations that current thinking can impose, how financial institutions can embrace technology to be both agile and resilient, and making space for the organisation to focus on the job of creating innovative business models and on delivering business value for their customers.

The Future of Intelligent Finance
FStech Group Editor Mark Evans sits down with Jason Cao, President of Global Financial Services Business Unit, Enterprise BG at Huawei ahead of its Intelligent Finance Summit which was held on 3rd and 4th of June in Shanghai. This Q&A delves into key trends in digital transformation of the financial services industry as well as a look at how data, robotic infrastructure, intelligent storage and innovative technologies are shaping the future for FSIs.