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Hello and welcome to a special episode of Spectator TV.

I'm Kate Andrews, the Spectator's economics editor, and I'll be your host for the next hour.

Staying on top of your personal finances has never been easier. Anyone can

buy in sell stocks at the tap of their foam screen, but does smart technology necessarily

mean better, safer, and easier planning decisions? And while FinTech development has opened

up a world of opportunities, what tools are out there for the less digitally savvy?

To discuss all this

with me and more, I'm joined by Charlotte Crosswell, who is a fintech specialist and currently

the chair and trustee of open banking. And I'm also joined by Matt Conrotti, who is the client

advisory at NetWealth, and a big thank you to NetWealth for sponsoring today's episode.

So, Matt, let's jump in. and I think some of our audience out there today is going to be well-versed in this area,

but others are going to be relatively new to the topic.

So can you break down for us exactly what fintech is?

Yes, of course. Okay.

So I mean, I think fintech is a wide-reaching term that covers a whole host of different areas. Essentially, it's the combination of finance and technology. So when we think about that, that can mean a host of things, it could be in, say, payments, where technology is really coming to drive down the costs of that process. Maybe it's currency conversion. In wealth management, technology is really playing a role in more

conventional ways, might be using video to access people around the country, or perhaps we're

using it for modelling and helping people to understand different outcomes in retirement.

But it's a real range of things. At the other end of the spectrum, you've got some new digital

type assets as well, so people will be aware of things like Bitcoin and so on that can be put into those areas. But I think in general we should be thinking about it's how technology

...