Oxford University student recently made an amazing discovery in the course of his research on new financial technology that can easily be used by anyone without any prior knowledge of the system. The discovery landed the student a 100 million investment from some of the top firms in the United Kingdom
The impressive findings will be published in the top financial technology journals across the U.K.
The new technology offers hope to everyone to learn and invest without having to read books and articles with language people do not understand.
In a recent interview, the student said how he came across the opportunity which is available to everyone right now: “When I heard the idea, I just knew I had to be a part of it. We’re going to change the lives of thousands of British people forever. I couldn’t be more excited!”
Here’s why: “A new way to live has emerged that 99.9% of the UK’s population is unaware of. Times are tough, taxes are high and jobs are scarce. This program will give you access to this new economy and the opportunity to be your own boss.
Various start-ups have been involved in the process of creating these new technologies, but many of the world’s top banks including HSBC and Credit Suisse have been having a hard time making it simple and understandable to everyone
New technology in banking is already transforming the financial sector, and the traditional banking landscape is set to rapidly change in the next five years. Safety features, such as advanced cryptography and biometrics, will help protect against bank scams, and remote applications will make it easier than ever to do your banking without visiting a branch — but if you do, the experience is likely to be much more customer-friendly.
Vikram Pandit, who ran Citigroup Inc. during the financial crisis, said up to 30 percent of banking jobs could disappear within the next five years due to developments in technology, in a 2017 interview with Bloomberg television. Many employees of Wall Street’s largest firms are already having to adapt or look for other positions due to the use of technologies such as machine learning and cloud computing, which automate their operations, according to Bloomberg.
The financial technology industry is thriving globally and received $17.4 billion in investment last year alone.
Financial technology is broadly defined as any technological innovation in financial services.
Those engaged in the industry develop new technologies to disrupt traditional financial markets.