Mobile Apps are Taking Over Jobs of Financial Experts As Millennials Prefer Fintech
The technology-phobic financial experts are running out of jobs-- making ways for the tech-savvy ones. The younger generation of investors is no more happy with 9 to 5 business hours to seek out financial experts, and sit in a room with them for consultation. Not when, the same is available at the click of a button in their electronic gadgets. The investment industry has never been static, and everyone working in the industry has had to deal with changing times. But the XXI century has brought rapid changes with the advancement in technology, and many generations of financial experts....
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An economic modelling study has concluded that Scotland stands to lose over 14,000 jobs in its financial services sector over the next decade if the country does not embrace the rushing wave of Fintech innovation. Like any other country in the world, Scotland’s financial services and banking sectors are, if the hype is to be believed, under the threat of an upcoming Fintech revolution with innovation such as blockchain at its fore. A report by the Centre of Financial Regulation and Innovation by Strathclyde Business School in Glasgow has revealed that Scotland could, in a worst-case....
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