House subcommittee hearing looks at impact, opportunities of fintech

A major advantage of fintech is its ability to improve financial literacy and drive social and economic change, Javier Saade, managing director at Fenway Summer Ventures, said. “New technologies can also open up more efficient ways to manage money and control spending,” Saade said. “We have seen mobile technology and innovations in distribution enable financial service firms to reach communities that were previously unserved because building a traditional brick-and-mortar presence was not economical.”

Posted in Quick News on June, 2017