Author Rohit Arora offers his alternative view on Chris Myers\u2019 depiction of fintech as a bloom that \u201cis finally coming off the rose\u201d.\u00a0 The first reason Arora thinks FinTech is going to be around for a long time is because traditional players are adopting the technology, and when big players adopt a new way of doing things, it shows long-term potential.<\/p>\n
The second reason is that the realities of the marketplace encourage short-term thinking.\u00a0 Myers cites fintech companies\u2019 use of funds for quick growth over innovation as the reason for riskier and less desirable loans.\u00a0 However, Arora states that this applies to all sectors.<\/p>\n
Finally, Arora combats Myers\u2019 statement that financial institutions are resistant to change with the fact that the marketplace is demanding it, and these instututions have no choice but to follow.\u00a0 I agree with Myers, as competition necessitates keeping pace with the advances in technology.\u00a0 The advent of mobile payment systems is just one example of revolutionary change in the marketplace, causing companies to divert their focus to eCommerce over brick-and-mortar stores.<\/p>\n
https:\/\/www.forbes.com\/sites\/rohitarora\/2017\/02\/22\/3-reasons-fintech-is-thriving\/#16d886e31017<\/p>\n","protected":false},"excerpt":{"rendered":"
Author Rohit Arora offers his alternative view on Chris Myers\u2019 depiction of fintech as a bloom that \u201cis finally coming off the rose\u201d.\u00a0 The first reason Arora thinks FinTech is going to be around for a long time is because traditional players are adopting the technology, and when big players adopt a new way of … Continue reading 3 Reasons Fintech is Alive and Well<\/span><\/a><\/p>\n","protected":false},"author":1795,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"qubely_global_settings":"","qubely_interactions":"","kk_blocks_editor_width":"","_kiokenblocks_attr":"","_kiokenblocks_dimensions":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-1240","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"gutentor_comment":1,"qubely_featured_image_url":null,"qubely_author":{"display_name":"exwu","author_link":"https:\/\/blogs.scu.edu\/finis\/author\/exwu\/"},"qubely_comment":1,"qubely_category":"Uncategorized<\/a>","qubely_excerpt":"Author Rohit Arora offers his alternative view on Chris Myers\u2019 depiction of fintech as a bloom that \u201cis finally coming off the rose\u201d.\u00a0 The first reason Arora thinks FinTech is going to be around for a long time is because traditional players are adopting the technology, and when big players adopt a new way of…","post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/1240","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/users\/1795"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/comments?post=1240"}],"version-history":[{"count":1,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/1240\/revisions"}],"predecessor-version":[{"id":1241,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/1240\/revisions\/1241"}],"wp:attachment":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/media?parent=1240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/categories?post=1240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/tags?post=1240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}