The finance industry is in a challenging situation: On the one hand, new legal frameworks and an increasing demand from different sides – governments, other economic sectors and especially the people as customers – for transparency make it hard for banks and insurance companies to stick to their businesses as they have been for decades. On the other hand, thriving startups and new businesses in the field of financial technologies dig into the market with a huge range of human-centred digital services that make managing financial issues easier, more comfortable und more accurate for the people.
In this article, we connect the dots a bit: How do we as a design company help established financial institutions to embrace change? Which platforms do we create to bring people together to share their thoughts and opinions? Which examples of evolving businesses in financial technologies do we find interesting? Which relevance do big data have in the global finance industry? Which insights regarding these topics did we take with us while attending the re:publica conference recently (also have a look at our recap of the conference)?
Enjoy the reading and feel free to join the discussion!