Stefano Angeli, CEO of Utopia, shared with Cointelegraph en Español a analysis carried out on the role that fintech and neobanks play in the lives of remote workers.
Remote work has been on the rise for the past few years, but In 2020, with the sudden outbreak of a global pandemic, even companies that didn’t believe in the power of remote work had no choice. to join the trend.
It is a reality that more and more people are choosing to work remotely. Better balance between work and personal life; greater productivity and the possibility of exponentially increasing your income. These are some of the benefits that this modality brings with it.
According to a report by “Hired” (2022 State of Tech Salaries: Navigating an Uncertain Hiring Market) covering the United States, Canada and the United Kingdom, telecommuters in the technology sector earn an average of $3,000 more per year.
“It will be for these reasons that 85% of managers believe that having teams with remote workers will become the new norm. Along these lines, our big bet is that, 10 years from now, 50% of workers in emerging markets between the ages of 20 and 40 adopt this type of work full or part time, providing services for companies or clients. from developed markets”, affirms Stefano and adds: “Because? The answer is simple. The positive impact it generates on people is enormous and it is visible. Definitely It is a turning point in the professional and personal lives of those who dare to take the leap. We are changing, and so are our priorities”.
“Digital culture has made borders obsolete and modern technology allows us to access a world much larger than the city, country or region where we live. Today the world can be impacted massively from wherever we are. We are facing the birth of a new way of life ‘without borders’, which will be massively adopted, impacting the world strongly and positively.”, highlights the CEO.
Stefano expressed: “However, international personal finance has always been a sore spot. Sending or receiving money from clients, employers or relatives outside your own country is very expensive or even unfeasible.. The same thing happens when a person residing in a country wants to access banking products such as savings, investment, financing or payment of ‘current’ consumption. This is where Fintech plays a key role”.
About Fintech
Fintech is an acronym for the terms “finance” and “technology” and refers to any business that uses technology to improve or automate financial services and processes.
The term encompasses a rapidly growing industry that serves the interests of consumers and businesses in multiple ways. From mobile banking and insurance to cryptocurrency and investment apps.
To summarize, we can say that Fintech helps to simplify financial transactions for consumers or companies, making them more accessible and efficient. It can also be applied to companies and services that use Artificial Intelligence, big data and blockchain technology applied to financial services.
Examples include payment companies focused on the movement of money at low cost, cryptocurrency wallets and Neobanks or also called digital banks..
Regarding the latter, Neobanks are companies that work through apps. Making use of technology to offer banking services in a more intuitive, accessible and one hundred percent digital way, being able to have their own licenses or use licenses from other financial institutions to carry it out, and must comply with the regulations and standards of each market where it operates.
“Likewise, within this universe we find two well-differentiated types: those who meet savings, collection, payment, transfers, investment and credit needs for a particular country or region, such as Nubank in LATAM or Revolut in Europe. And on the other hand, those who solve global financial needs As is the case of Utopia, a neobank designed and built for non-residents of the United States, which offers the possibility of accessing an account in dollars in the US banking system.”, highlights Stefano Angeli and adds: “It is worth clarifying that there are also players such as Payoneer or Wise, but that focus more specifically on solving needs related to international payments”.
“Remote workers, freelancers, creators, entrepreneurs, artists and even athletes are some of the most frequent users. Us we define them as ‘borderless people’people who live and work in different places at the same time, and need a comprehensive solution”, remarks Stefano.
The CEO concludes by saying: “In short, there is no longer any doubt that these technologies, whatever their category, came to democratize access to the financial system, both domestic and international, and are already used by hundreds of millions of people today. Working from anywhere in the world, for anywhere in the world, is possible. It is here, where first the development of professional skills for remote application and demanded globally; and then, Fintech companies become strategic allies to increasingly adopt a life without borders”.
Disclaimer: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information presented here should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
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