Fintech Revolution in Banking

June 17, 2021

Traditional banks have been able to maintain their dominant position in everyday financial life. However, technology has changed everything, and the banks are witnessing the arrival of high-tech new competitors that threaten their dominance.

Going forward, the COVID-19 pandemic has turbocharged many trends in fintech, opening up digital challenges for regional banks.

“Over the next five years, SMEs and startups are going to be acquiring business loans through mobile apps.” Fahad AlSharekh, Founder of TechInvest.

What is online banking

Online banking means accessing banking features and services via your computer and mobile. You can access banking features, such as applying for a loan via your online banking portal.

The reason why digital banking is crucial today is because the Internet is becoming one of the most used tools. More and more people are logging on the web to carry out their day to day activities. This has affected the future of existing traditional banks.

Fintech solutions are rapidly improving, how we experience financial services and how quickly regional banks adopt new technology will ultimately define their legacy and market share.

FinFirst Revolution

We’ve created a personalized experience that allows you to customize how you connect with the best banks in Kuwait and the Gulf region, right in the palm of your hand. If we can shop for flights of every global single airline in smartphone apps today, then it’s time you should have the same personalized experience when shopping for loans and other bank products.

The smarter way to financial management is with FinFirst, you can apply for bank account, auto loan, consumer loan or credit cards in Kuwait.

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