The pace of change is threatening to destroy some slow-moving players in financial services, according to Bill Hortz, founder of Stash Invest. A report from Hearsay Social suggests change is feeding on itself and millennials, many of whom are set to inherit considerable assets, are gravitating towards fintech firms that provide 24/7 access to information via smartphones or other devices, replacing the need for a certified professional with a quick click.
The pace of change is threatening to destroy some slow-moving players in financial services, according to Bill Hortz, founder of the Institute for Innovation Development. A report from Hearsay Social suggests change is feeding on itself and millennials, many of whom are set to inherit considerable assets, are gravitating towards fintech firms that provide 24/7 access to information via smartphones or other devices, replacing the need for a certified professional with a quick click.