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In a time when many Americans are still reeling from the financial impacts of the ongoing COVID-19 pandemic, supporting financial well-being for all consumers, especially the unbanked and underbanked, has never been more important. one of the session's four panelists, added. There are so many avenues faster payments are in.
As fintech continues to transform the financial sector, professionals must embrace continuouseducation and upskilling to stay ahead. With rapid technological advancements, it’s essential for individuals to regularly update their expertise to effectively harness new financial technologies.
Thus, fintech platforms actively contribute to enhanced financial literacy by teaching younger generations effective strategies for managing debt, preventing financial pitfalls common among less-informed individuals. Apps like Monese, Revolut, and N26 target young users who may lack access to conventional financial institutions.
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