'Which fintech trends will impact small businesses the most in 2023?' Is it seamless payments, AI-based financial management, alternative lending platforms, or smart contracts? That is the question of the latest Finance Magnates' weekly poll.
You can cast your vote here.
Fintech has become a buzzword today, and companies are riding this popularity to bring innovative services. But, fintech is broad and covers many niche technological areas, including payments, financial management, lending, blockchain-based services, and more.
While payment services remain in the limelight, services around smart contracts have become popular with blockchain technology. Nowadays, artificial intelligence is attracting all the attention as many financial services companies are bringing AI-based services. In addition, demand for alternative financial services like lending skyrocketed globally. These services are making a massive impact on small businesses, often regarded as the backbone of any economy.
Finance Magnates' latest weekly poll wants to know the industry's view on the impact of these services on small businesses.
The Industry Gives the Verdict
Since the start of Finance Magnates' weekly poll on our social media channels, we have received an abundance of responses from the financial services industry players. The last poll questioned whether the long terms benefits of the UK's consumer duty rules outweigh the short-term costs.
Are you wondering what was the industry's view? Well, you can see it yourself.
