Despite an abundance of doom and gloom reports about Fintech's potential to decimate jobs in the financial sector, the rapid development of new technology companies will not destroy
the traditional financial services sector.
Not exact matches
From our offices in Washington, DC, Los Angeles, Miami, New York, Atlanta, Dallas, London and other key commercial centers, we have advised policyholders with
traditional and emerging insurance products in virtually every
sector of the economy, including
financial services, utilities, energy, natural resources, health care, chemicals, pharmaceuticals, consumer products, telecommunications, technology, e-commerce, manufacturing and more.
The «fragility and uncertainty of the
traditional financial sector» was also cited as a reason for the
service's diversification into cryptocurrencies.
With the technology providing a better way to carry out activities like
financial services, automobiles, aviation, and retail, many global
sectors around the world were willing to let go of the
traditional means of exchange and opt for the technology.
Most recently, Robinhood, the US - based
financial services company that allows individual investors to invest in the stock market, announced that it is launching a bitcoin and cryptocurrency exchange, allowing investors in the
traditional finance market to trade in the cryptocurrency
sector.
For many weeks, the majority of South Korean investors in both the
traditional finance
sector and cryptocurrency market have been outraged by insider trading initiated by government officials working for the South Korea
Financial Services Commission.
The types of industries recruiting in these fields will be native digital companies — in areas such as fintech, edtech, medtech, media and entertainment, e-commerce, data management and analytics, software development, and advertising and marketing — and
traditional sectors like
financial services and consulting, which are undergoing a digital transformation.