[UNITED KINGDOM, 31/10/2017] The financial technology industry is an exciting one. Fintech companies are so successful because they have the extraordinary ability to change direction and innovate extremely fast.

In the early days, when financial technology was just beginning to gain some credibility, the market incumbents avoided contact with fintechs. In part, the big banks and other institutions were scared that financial technology companies could threaten their monopoly on the financial world.

Over time fintechreviews.co.uk has seen many fintech companies join with well-established financial institutions, at the benefit of both parties. This is because the banks realised that financial technology's rise was inevitable and working with them would also be profitable.

A great example fintechreviews.co.uk has found is that since 2012, financial giant Goldman Sachs has invested over $570 million in the financial technology sector, acquiring companies that could benefit Goldman Sachs' customers.

Keeping up to date

Fintechreviews.co.uk aims to bring all the most important news together for readers in one place. The world of financial technology is well reported on and the aim at fintechreviews.co.uk is to give readers a clearer picture of innovative and important companies in the world of financial technology.

Financial technology has the power to change consumers lives completely. Fintechreviews.co.uk has reported on lots of exciting financial technology companies. From start-ups like Curve to truly world-changing giants like Google. Financial technology is an industry that is so sprawling that a regular news supply is absolutely necessary for those working in the industry.

Fintechs are changing the world

Fintechreviews.co.uk has reported on many companies that have completely changed the way consumers live their lives; companies like Honest Dollar, which was recently acquired by Goldman Sachs. Honest dollar is a digital retirement savings fund that will help users to manage their retirement fund more efficiently.

There aren't many parts of life that haven't been affected by financial technology, hence the importance of keeping up to date on developments. Fintechreviews.co.uk has investigated a start-up fintech called Juvo that helps people in underserved communities build a credit rating, which could lead to life-changing finance options.

Head to http://www.fintechreviews.co.uk to find all this information and more.