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How Is FinTech Reshaping the Financial Services Industry?

It’s no secret that FinTech is diversifying the channels through which financial institutions interact with their customers. But is it simultaneously improving the financial services industry as a whole?

“FinTech is pushing many industries on a digital journey,” said Jorrit de Vries, Samsung’s director of sales for financial services, during a recent Q&A in New Jersey. “It makes traditional institutions think about new business models, whether it’s the insertion of IoT, wearables or any other mobile technology.”

“From wearables to gamification to mobile phones or tablets — [FinTech] is helping to move banks forward,” said de Vries.

Watch more from my interview with de Vries — including how banks are capitalizing on digital trends — in the video above.

Natalie Zfat

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Natalie Zfat

Natalie Zfat is a social media entrepreneur and Forbes Contributor who has partnered with some of the most iconic brands in the world, including Rolling Stone, Food Network, American Express and Levi’s. Curating original content and videos, Zfat gains millions of impressions for the brands she advocates for. When she's not engaging with her half a million followers, Zfat loves sharing her entrepreneurial thought leadership at conferences and universities, including Carnegie Mellon, NYU Stern School of Business, The Harvard Club of New York and Internet of Things World. Follow Natalie on Twitter: @NatalieZfat

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