Will Form 8815 Banking 2023-2024

There is a topic that concerns each and every one of us in this room today: money. But we don't usually talk much about it. Fasten your seat belts because for the first time, money has become a fascinating subject worth talking about at TEDx. A global revolution called FinTech has started, reinventing the way we deal with money and banking through technology. FinTech, short for finance and technology, aims to redesign our banking experience using today's technology. In this new FinTech world, we would all own smartphones, which would allow for instant money transfers. No more need for going to the bank or waiting for days to receive money. The internet and smartphones have already reshaped and disrupted entire industries like travel and entertainment. We no longer need to go to travel agents or video stores because we can book our stays on booking platforms and stream videos online. So, why is banking still outdated? It's ironic that we can order a TV and have it delivered the same day, but it takes almost a week for someone to receive a small amount of money. However, the good news is that the future of finance has arrived, even in technologically emerging markets like Western Europe. Numerous FinTech startups have appeared, providing specialized financial services that are faster, cheaper, and more convenient than traditional banks. Despite all the benefits, not everyone is using FinTech yet. Just like the invention of cars took time to become widely adopted, people may be resistant to change. However, it's important to note that banks are taking this trend seriously. Silicon Valley is entering the scene, and traditional banks are aware of the competition. In conclusion, FinTech is revolutionizing the way we handle money and banking. It offers faster, cheaper, and more convenient alternatives to traditional banking. While adoption may...