Top 5 Financial Technologies in 2020

The ongoing rise and growth of digital technologies like AI, ML, IoT, and Blockchain several industries around the world are withstanding a significant disruption. Even the financial sector is ready to transform with the escalation of investment in financial technologies

In the world of the financial sector, financial technologies are the innovative breakthrough which has given the industry an opportunity to offer personalised financial services with increased security. In simple terms, the idea of digital transformation in the financial sector revolves around transforming traditional financial services to more simple and straightforward digital financial services.

Digital transformation of financial services sails on the financial technology development efforts made by financial institutions to meet the customer expectations. The digitisation of financial services not only makes the delivery of financial services convenient, but also it streamlines the entire process which results in a reduction of operational costs and strengthening security.

Rise of FinTech Application Development
Emerging technologies in financial services industry have evolved over the years and made it possible for developers to develop secure and convenient fintech applications. Now, it has become possible for fintech businesses to stay compliant with the fintech regulations. Fintech services like eWallets, UPI payments, digital banking, online trading, and many others are reshaping the world of finance.

What are Financial Technologies?
Before we dive further into the world of financial technologies, let’s understand what these are. Financial technologies are advanced technologies that help financial institutions deliver their services with ease and convenience. The emerging technologies in financial services industry have even introduced new business models and financial services.

The modern customer looks for the services that are easily accessible and offer them quick responses promptly without making them wait for long. Thus, the traditional model of delivering financial services will go into oblivion in the coming times as the fintech business model will gain its momentum.

According to a recent report by Statista, China holds the top position in the fintech market with overall transactions valuing at USD 1,596 billion in 2019. Another report states that the fintech market will grow to USD 381 billion in 2022 from USD 151 billion in 2017. The statistics indicate that it is a multi-billion dollar industry and will continue to grow rapidly.

Mindfulness Empowerment Course for empowering yourself in a relationship

As the holidays approach, our relationships and family gatherings will be strained by months of political and lockdown-related stress. In stressful situations, mindfulness keeps us alert, reduces our response to emotions, and increases our ability for empathy. Awakening transformation programs are helping to empower yourself retreat you in difficult situations.

Politics, unsolved historical concerns, familial duties, or different holiday traditions are all likely to cause friction around the holidays. When this is combined with alcoholic celebrations or disappointments, the outcome is overpowering. Relationship breakup at times of stress can be avoided. Turn to your mindfulness practice to help your relationships survive even during the holidays this year.

Mindfulness Provides Basic Awareness – The act of paying attention to the current moment without passing judgment is known as mindfulness. Our habitual, unconscious behavior is transformed into constructive, deliberate action when we practice mindfulness. Even in times of severe stress, we may maintain friendships and establish meaningful family bonds by practicing mindfulness in our interactions. Mindfulness promotes awareness first and foremost. The habitual sensitivity we acquire throughout a lifetime of unknowingly reacting to the people around us is frequently the source of relationship problems. We become more aware of ourselves and others as we practice mindfulness. We learn to see our actions as though from afar. We develop a sense of curiosity and begin to examine our own emotions. We also become more conscious of others’ actions, which aids in the development of virtues such as empathy and compassion. With practice, mindfulness alters our brain’s neuronal wiring, allowing us to replace unhealthy habits with deliberate action. Active listening, for example, replaces reactive screaming. We may improve our connections with others by changing ourselves, resulting in better harmony, peace, and tolerance.
Mindfulness and your emotions – Relationships elicit strong emotions, which is perfectly normal. For example, we all want to be in partnerships that generate profound affection. Our connections may elicit intense anguish and fury when we care profoundly about people. Our relationships are harmed by our response to emotion, not by emotion itself. We can choose how we operate inside this space of presence. We can choose to take a step back and practice self-compassion, create boundaries with our loved ones, or withdraw inside and investigate. The more we are conscious of our emotions, the more we can break free from their grip. Our connections improve as a result of this procedure.
Relationship between Mindfulness and Empathy – Empathy is the capacity to empathize with another’s feelings without taking them on their own. Our ability to be present with others’ emotions is inextricably linked to our ability to be present with our own. We bring greater strength and patience to our relationships when we focus on ourselves. Mindfulness allows us to appreciate the complexity of all people. Observing our brains tells us that we each work within our reality, which is constructed from a lifetime of prior experiences. We become aware, via mindfulness that our family and friends, like us, merely want to be joyful and pain-free. We may not agree with how others avoid discomfort or seek comfort.

3 Reasons To Plan For Family Counselling

The time when you are looking out for a family counsellor in Mumbai, you check out all of the options available, that incorporates a conventional, nearby counselor and online therapist. There are counselors here available online that will endow you with a strong platform for your family to kick start in choosing the right mental health therapy option. If the plan of family counseling is passing your mind, that in itself is a great signal that you actually need one.

As you make this substantial decision to fetch outside support, here are best 3 reasons that highlight the fact that your family would gain advantage from counseling.

The Blended Family
A blended family is known to be two dissimilar family units planning on becoming one. This can take place when one person with two children gets married to another individual who has a child. A blended family can also be seen when a person without kids gets into a committed relationship with a parent or, in the same conditions, the couple then gets kids of their own, leading to raising half-siblings. These kinds of families can be a bit difficult to build constructively, chiefly when there are other parents from ex relationships still responsible in the lives of the kids. The step-parent character can be filled with current discussions as you form boundaries. Whatsoever role you might be in, your objective will eventually be to have a melodious family where all each and every person feel perceived and accepted. In such kind of intense scenario, Family counselling can support you in overcoming this challenge.

Furthermore, family counselling can be a smart way for families to bandaid their concerns, and find long-lasting connections with the rightful assistance of a counsellor in Mumbai. Not only will the psychologist offer you tips to strengthen the family, but also give you ways to love each other more.

The Disconnected Family
Are you feeling that your family has reached a point when no one communicate with each other anymore? Are your teenager kids are eating with you on the dining table and Facebook-ing and Instagram-ing instead of talking with you about their day or life in general? Do you find yourself hunting your phone to check your messages in advance of even placing your legs out of bed in the morning and communicating with the family? Do you know who your partner went to an eatery with earlier than him posting his social media feed and tagging you?

The more linked we are to our phones and digital worlds, the less connected we may be with the ones who mean the most to us. Family counseling can benefit families who aren’t networking with each other successfully to get unconstrained from the electronics and get back habituated with each other. These family counselors will do their best in spurring the connection that modern tech life has taken away from families.

Holding Grudges
The time when even a single family member hold grudge, it can be seen and felt emotionally by all and can have an impact on the complete family. Holding grudges is like a slow poison to a happy family as it eventually leads to the formation of animosity, bitterness, anger, and contempt. These feelings often initiate endless arguments and pointless negativity.

In such cases, by just hiring a family counsellor, you can bring about a safe and neutral space for fights within the family to be settled peacefully. Family counseling is there for your family during the times when the very foundation of trust and cement of communication are breaking down.