While the entire fintech industry is usually less understood by most consumers, it is quite an achievement that fintech companies raised $40 billion in 2018. If there was one trend in the last year, it’s been growth. Considering that the industry is showing exponential patterns of growth, it is important that consumers are always on the lookout for the latest developments.
Have you ever heard of financial democracy? No, me neither. But you've likely heard or read stories about the increasing inequality in wealth distribution. In my view, the key factor that contributed to our financial system crash was not determined by individual misbehaving, but rather by the failure of the system itself-where decision power is centralized within an array of institutions.