The remarkable growth of Fintech with Jakub Hytka (Senior Manager at EY) at PICANTE TECH Conference Europe (TCE2019 Prague)

Senior manager in EY’s Financial Services Advisory team to join Fintech-related panel discussion at PICANTE TECH Conference Europe 2019.

It seems that there are some financial advisors out there who seem to know the client’s needs before they do. Wondering how is this possible? Well, there’s a good chance that software is part of the reason and that software comes in the form of Fintech.

Financial technology — or fintech, for short — has increased competition in the advice business via automated online platforms, and at the same time, advisors have found that the new digital advances have bolstered their ability to serve clients, both by freeing up their time and helping their businesses run more efficiently.

While, the term Fintech generally refers to technology that enables parts of the financial services world to be automated. For advisors, it means a totally different thing. Advisor use Fintech to handle tasks such as portfolio rebalancing and data aggregation. In many cases advisors use Fintech to keep tabs on the particulars of each client’s situation. The result of using the digitized system is less time spent crunching numbers, entering data and poring over spreadsheets.

This year, in the EY third biennial FinTech adoption trends survey, 96% of the 27,000 consumers surveyed (across 27 global markets) reported they were at least aware of a FinTech transfer or payments service – and 75% had used one. The survey also identified growth in the SME market across the key categories of banking and payments, financial management, financing, and insurance.

Adoption rates continue to lag in the US, while Europe’s investments in open banking have contributed to higher adoption rates in that region.

During the inaugural PICANTE TECH Conference Europe (TCE2019), which will take place in Prague on the 3rd of September at Vienna House Andel’s Prague, Jakub Hytka, Senior Manager at EY, will explain how implementing Fintech can bring benefits for your company or where you can invest. REGISTER HERE to secure your seat!