What are 10 apps that changed the way our world functions?

No one can dispute the immense contributions made by technology and digitization in the modern world. In the last decade, for example, our lifestyle and other daily activities have been transformed in one way or the other. For instance, there are millions of apps that are designed with mind-blowing features and efficiencies to make our lives better. After thorough research of these apps, we have come up with 10 best apps that have played a crucial role in the digital revolution.

1. Uber

Uber is one of the greatest apps that have contributed to a transformation of our daily lives. Uber uses a google map to make maneuverability and mobility easy in the taxi business. Nowadays, you don’t have to strain while looking for a taxi- it’s on your mobile phone. All you need is just to request, and a taxi will come right to your location.

2. Google maps

Just in case you don’t know well where you are going, or you are lost and is trying to trace your way back home, google map will be your savior. It uses GPS coordinates to provide easy access throughout the world. Other than providing you with directions, google map also provides real-time traffic information as well as details about public transport.

3. 1Weather

The 1Weather has tremendously transformed how we operate in the past. It helps us predict the weather and plan appropriately. For instance, you can know whether it will rain or not. With such prior information, you can put on warm clothes or carry an umbrella for the weather.

4. Google drive

If perhaps you want some storage space for your files, google drive offers you a lasting solution. This app provides cloud-based storage where you can practically store anything. Plus, it ensures your stored files are safe for future use.

5. Airbnb

Airbnb is an app that helps plan for holidays easier and better. It provides users with lists of accommodation options from which to select. Plus, it allows people to offer extra tourist accommodation for some income.

6. Netflix

Netflix is a subscription-based app that provides lots of entertainment, such as movies, TV shows, and much more. Most movie enthusiasts find Netflix a better app than any other video-on-demand app.

7. Amazon app

Amazon is one of the giant online stores in the world. The app makes it easy for shoppers to purchase their supplies with ease and convenience. Also, the app is light and fast to use hence improving your shopping experience.

8. Twitter

Twitter is another great social network app that is designed to share information in its shortest form. Usually, Twitter limits the size of your posts, also known as tweets. This helps in the transmission of short and relevant information amongst users. Currently, Twitter is one of the greatest apps used to spread and access news from across the world.

9. Facebook

According to statistics, Facebook is the most popular social media apps. One thing that makes it popular is its ease of use and efficiency in connecting friends. Facebook enables you to post updates on your photos, videos, and comments. Also, it provides a friend suggests (list of people whom you may know).

10. YouTube

YouTube is arguably the most popular video streaming platform. It helps millions of innovators to post their content to their target audience. Plus, the app users can view videos they like at the comfort of their phones.

Top 5 Best Financial Applications

Financial management is essential whether you are a small business owner, an employee or a homemaker. With the technology readily available at our fingertips, managing your finances has become less of a chore. With thousands of applications readily available on the App Store or Google Play, it is important that you know which kind of application would work for you. Experts have ranked the following applications according to their function and need.

1.Mint

This particular application has been hailed as the best overall. It is one of the oldest in the market with a wide range of features that is useful in whatever industry you are in. The application is owned and developed by Intuit – the people responsible for making Quickbooks and TurboTax.

With Mint, you have the option to categorize your transactions across multiple accounts, set a budget, create payment reminders and tweak everything according to your preference. One of the special features of this application is that you can see your real-time credit score!

2.You Need a Budget (YNAB)

There is a huge following for this application since YNAB has a unique approach towards budgeting. Compared to other applications, YNAB builds your budget based on your income. Every dollar you earn is segregated into living expenses, debt payments, investments and savings. YNAB gives you a sense of accountability with your finances.

One of the other unique features of this application is the availability of online support. For an annual or monthly fee, users are able to attend online classes with a financial advisor. Users are able to attend online budgeting seminars and acquire tips on how to use their finances wisely. Users claim that YNAB has helped them pay off at least $500 of their debt in just one month of use.

3.Wally

Ranked as one of the best applications for tracking expenses amongst millennials. Wally gives its users a convenient way to organize their expenditures with a few simple clicks. With this application, you would no longer need to manually log your expenses at the end of the day. What makes Wally different from all the other applications is their scanning feature which allows the user to take a photo of their receipt, so that everything is automatically uploaded onto the application’s log. This application also supports almost all foreign currencies.

4.Acorns

Good financial behavior isn’t innate in everyone. Not too many people are aware of investing and that most of the time their savings just sit in a bank earning the minimum. With Acorns, you’re not only keeping track of your income and expenses, but you are also able to invest your extra change.

Acorn users say that they’d be surprised to find an extra $300 to $1,500 in their accounts every year without even making an effort. How does this happen? Every time a purchase is made, Acorns rounds up the purchase to the nearest dollar and the difference in change is invested in low-cost ETF (exchange-traded fund) that you choose.

The application charges a $1 monthly maintenance fee but is free for college students.

5.Goodbudget

Formerly known as Easy Envelope Budget Aid, this application allows you to categorize your expenses and keep track of your spending habits. If you’re familiar with the envelope budgeting system, the concept of Goodbudget should be easy to understand. You basically segregate your income in “envelopes” and spend it accordingly.

Goodbudget is great for joint accounts and families who want to share the budgeting process.

With all these great recommendations, you’re bound to find the best application to fit your lifestyle, it’s just a matter doing your research and trying it out for yourself.

3 Big Trends Developing in the Financial Industry

The modern world connectivity is characterized by high speed and efficiency, which banks are trying to match. This has resulted in the open banking standard, a system that connects users with a network of financial services’ data through the utilization of Application Programming Interfaces [APIs].

It is a framework that ensures faster creation and access to banking data in a cost-friendly manner. Open banking creates a competitive environment with both small and
established banking firms leading to better technology, improved customer service, and low costs. It relies on networks rather than centralization, making it possible for secure sharing of financial services customers’ data with financial institutions. Customers have the capacity to assess the quality of services banking firms offer, thanks to open banking, which entails transparency and fairness in information publication. They also have helpful tools and services to use since open banking APIs make it possible for third parties to develop them. Such APIs ensure the access of accurate and updated information by businesses regarding finance and better data management.

Open banking is yet to be implemented in full but still doing a good job by compelling long-established banks to adopt new ways of doing things. It creates an environment where customers get to access a full view if financial information.

Regtech

Regtech means ‘regulatory technology’ created to deal with regulatory difficulties facing financial services via innovative technology. It is comprised of a number of firms using cloud computing technology via SaaS to create an environment where businesses can adhere to regulations effectively and in a cost friendly way. Regtech companies work jointly with regulatory bodies and financial institutions using improved ways of sharing data. Cloud computing facilitates a quick and

secure way to share data between various entities. Combing through big data can be expensive, complex, and time-consuming for a bank. A Regtech firm can utilize tools like predictive analytics to integrate the bank’s complex information with data from earlier regulatory failures to identify possible risk areas that need attention. The presence of digital products has amplified cyber hacks, money laundering, data breach, and other forms of fraudulent activities.
Regtech is solving challenges arising from the technology-driven economy via automation.

FinTech

The Fintech industry is booming quickly, while it’s hard to pinpoint exactly what is covered in this industry, it’s a variety of things such as bitcoin, and new disruptive technologies that are taking out old inefficient methodologies in the financial industries and converting them to online to make both user and business accessibility easier across the board, whether in stocks, investment, business related finances, and more.

Artificial Intelligence

The financial world is changing thanks to intelligence in machines. Through the internet of things and artificial intelligence, more value has been extracted from data and used in giving consumers better services. It has become possible to analyze big data without the errors humans would make. Financial institutions save time and money by using algorithms to come up with insights, make a prediction as

regards business sales performance, and improve customer services. Through AI, people can work more resourcefully by filtering important data from a wide range of sources. Financial services are using AI in detecting brand sentiment from text data and social media. It is as well quite effective in fraud prevention in banking, as well as online payment systems. Artificial intelligence is touching every part of the finance industry and improving performance. Its adoption is creating real changes in the financial world.