financial innovation


The creation of new technological advances in the financial products market. The implementation of an online banking system that allows a user to instantly transfer money from multiple accounts is considered an instance of financial innovation.

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As technology evolves at an exponential rate it may be safe to say that financial innovation will demonstrate the same trend.

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My brother received a large bonus from his investment bank this week because he is a master of financial innovation and created many new products.

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What you have just witnessed is a Financial Innovation. It is a first in business and you were here to see it. Our online banking website allows you to transfer money to multiple accounts at once. This is truelly a Financial Innovation. You are fortunate to have witnessed this take place and be a part of it.

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Financial Industry Regulatory Authority financial institution