Justin Sliney - Three Areas Fintech will Impact all Industries

As a financial industry veteran, Justin Sliney has seen the industry grow and change over the years. Many of these changes, some would argue most, have been because of improved financial technology, or fintech. In addition to changing the financial industry, new advances in fintech also affect businesses in almost all industries around the world. Sliney worked with the Dutch financial institution Rabobank for 17 years before working as a consultant for smaller banks on how to comply with new regulations surrounding lending practices following the 2008 mortgage collapse. Here are three ways fintech will impact all industries:

• Improved online shopping for customers. All companies with any kind of online presence have to compete with each other to make their online shopping experience better than their competitors. Justin Sliney has seen firsthand the effects that new financial technology applications and features have impacted businesses and the global economy as a whole.
• Faster Collections and payments. With new invoice and billing features, businesses of all kinds can get their invoices paid faster, improving their regular cash flow, and customers can pay for services much faster and easier.
• New forms of payment. Businesses can now accept more forms of payment more securely from their customers due to recent advances in fintech. Justin Sliney watches how new online payment features have brought in new markets and customers to many businesses.

Justin Sliney works with a large financial institution now, helping to execute new strategic initiatives often with an eye on fintech. He lives and works in New York City.