In our fast-paced world, technology assists in speeding up and streamlining a multitude of processes. We no longer wait for mail pigeons, but we exchange instant messages, watch videos on YouTube, build routes, write texts in languages we are not familiar with, and optimize business processes. Modern information technology has made a significant contribution to the development of processes. As a result, we can use it to build businesses and increase our finances.

With a minimum investment, you can save money and make money. Competently spent money can multiply the capital and provide a constant passive income.

What technologies are worth knowing about to direct your financial flows properly?

Major Available Technology in Finances

Budgeting Apps

Learning about investments or calculating a better deal on deposits is as easy as it can be today. True financial literacy starts with planning your budget. You can have more than a half-dozen accounts: a personal card, a payroll card, a credit card with favorable terms, a senior account, a checking account, and a cash card. Smart budgeting technology in finances helps you manage your finances efficiently and profitably. They allow you to see income from different sources, expenses, and charges on one screen, inform you about credit payment terms, and limit costs by selected parameters. It is possible to budget without an app, but logging into three or four sites will require viewing your accounts. Budgeting apps collect this information in one dashboard. They inform you about critical financial events: unusual transactions, significant expenses, payment deadlines, remind you that the amount in your account is approaching a dangerous minimum, and help you strengthen your credit rating.

Mobile Banking

Mobile phones have become permanent human companions, and many services are optimized for them. Communicating, watching news and videos, and sending and accepting documents are available in a few clicks. Banking operations are keeping up with the times, making life much easier. Consumers can transfer money, open deposits, and buy foreign currency without additional fees. Transaction notifications are stored in the app. The client can remotely apply for a new bank card, open an investment account, and buy currency or precious metals. The customer receives account statements and can deposit and withdraw funds from the account. Also, the consumer has the right to block the card if it is stolen or lost.


Anyone who has access to the Internet has heard more than once about the mysterious world of big data in financial industry. Cryptocurrency is where ordinary people become investors and increase their initial capital manifold. Cryptocurrency is a digital currency built on Blockchain. Cryptocurrency is also called “crypto,” “digital coins,” “virtual money,” and any other similar terms. The leading representative of cryptocurrencies is Bitcoin. The success of Bitcoin has led to the emergence of alternative cryptocurrencies. Some of the foremost of them are Ethereum and Ripple.  Most people think it is impossible to buy tangible goods or services with Bitcoin. But this is no longer a problem. PayPal, Shopify, Microsoft, Subway, Virgin Galactic, and dozens of other significant companies accept cryptocurrency. The world is still trying to figure out cryptocurrencies. So we should be prepared for all sorts of surprises. The entire market is frankly unstable, and prices are changing hourly. Cryptocurrency is not just money but technology, innovation, and business. Blockchain cannot be cheated or faked, and it gives us fantastic technology whose potential we have yet to unlock. It allows us to build a whole new world where freedom, privacy, and protection of people’s rights are indispensable components of everyday life. Investing in cryptocurrency could be an intelligent step toward such a future.

Investment Apps

With the spread of smartphones, buying and selling stocks without commissions has become a lot easier. Both beginners and experienced investors actively use the capabilities of their smartphones to make transactions, and trade currencies, bonds, and stocks. Many people who want to make money on the investment exchange face the problem of choosing a broker, most people prefer the banks where they are already served, but it is not always profitable. Things tend to turn to brokers’ mobile applications and their terminals. The available primary functions of broker apps are registration, depositing, searching for stocks to buy, detailed information about stocks, buying stocks, tracking, and analytics, selling stocks, withdrawing money from the account, coupons and dividends.

To sum up

Today, we can see how both users and providers of financial services are ready for innovation. Moreover, financial institutions, especially the largest banks, are actively exploring the direction of technology in finances, especially blockchain.

About the author:

Louis Sawyer is a professional writer, editor and a web design expert. She loves writing about technology trends, web development, mobile games and business issues. Also, Louis works as a proofreader at Computools. Follow her on Twitter.

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