Omidyar Network
  • Our Strategy
  • Home
  • About
    • Who We Are
    • Our Approach
    • People
    • Values & Policies
    • Financials
    • Contact
  • Focus Areas
    • Reimagining Capitalism
    • Responsible Technology
    • Pluralism
  • Partners
  • News and Insights
    • Newsroom
    • Insights
    • Perspectives
Menu  
  • Our Strategy
  • Home
  • About
    • Who We Are
    • Our Approach
    • People
    • Values & Policies
    • Financials
    • Contact
  • Focus Areas
    • Reimagining Capitalism
    • Responsible Technology
    • Pluralism
  • Partners
  • News and Insights
    • Newsroom
    • Insights
    • Perspectives

Three Keys To Unlocking Consumer Trust In Fintech

Posted OnDecember 5, 2018 byadmin

We are in the midst of a strong economy and record-low unemployment. Yet, the majority of American households are not able to achieve financial health. Roughly 180 million adults in this country—more than 70 percent of all adults—struggle with some or all aspects of their financial lives, whether that’s having a savings cushion or simply being able to pay their bills on time, according to data from the new US Financial Health Pulse.

An emerging cohort of entrepreneurs is using technology to develop financial products and services aimed at addressing these issues. Helping consumers become financially healthy is an important business opportunity — but it also represents a major business challenge, because many consumers today have little trust in the financial services sector overall. Establishing that trust is critical to success, and a lot depends on the revenue model chosen by an entrepreneur in a financial health-focused fintech.

Omidyar Network, in conjunction with Oliver Wyman, the global management consultancy, recently examined how fintechs focused on this market are turning traditional financial services models on their heads. As they attempt to discover which models will establish trust, as well as support business growth, there are three ways in which many are finding success.

Read full article here.

    • About
    • Focus Areas
    • Partners
    • News and Insights
    • Omidyar Network Jobs
    • Contact
  • Omidyar Network is a venture of The Omidyar Group.
  • Twitter Linkedin RSS
We use cookies for a number of reasons, such as keeping the site reliable and secure, analyzing how our site is used, and to improve your experience and support our mission. By using our site, you agree to our use of cookies.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT