The new year is the perfect time for a fresh financial start, and there’s never been a better moment to explore how digital banking and fintech can help you take control of your money. If terms like “fintech” and “digital banking” sound intimidating, don’t worry — we’re here to break it down in simple terms.
Fintech (short for financial technology) refers to innovative apps and online services that make managing your money easier, faster and more convenient than traditional banking. From mobile banking apps to digital mortgage tools and automated budgeting platforms, these technologies are transforming how American homeowners handle everything from monthly bills to major financial decisions.
The best part? You don’t need to be a tech expert to benefit from these tools. Here are six practical ways to leverage digital banking and fintech for a stronger financial year ahead.
Explore digital mortgage tools
Shopping for a mortgage or considering refinancing? Online mortgage marketplaces let you compare rates from multiple lenders in minutes — no more scheduling appointments with multiple banks or being limited to what one broker can offer. These platforms give you the power to find the best deal on your terms.
Embrace mobile banking for everyday convenience
If you haven’t already, download your bank’s mobile app. Today’s mobile banking apps let you deposit checks by taking a photo, pay bills instantly, transfer money and monitor your accounts from anywhere. It’s like having a bank branch in your pocket, saving you time and trips to physical locations.
Take control with budgeting apps
Fintech budgeting apps can automatically track your spending across all your accounts, giving you a clear, real-time picture of where your money goes each month. Many apps categorize expenses, send alerts when you’re approaching budget limits and help you set and reach savings goals. It’s like having a personal financial assistant working 24/7.
Create your own fintech toolkit
Most people use three to four different fintech apps to cover all their financial needs — one for banking, another for investing, maybe one for budgeting and another for payments. The key is finding the right combination that works for your lifestyle and financial goals.
Prioritize security
When choosing fintech platforms, look for providers with strong security features like multi-factor authentication (where you verify your identity in multiple ways) and data encryption. Reputable fintech companies take security seriously, often using the same — or better — protections than traditional banks.
Always read the fine print
Digital banking and fintech aren’t just buzzwords — they’re practical tools that can help you save time, money and stress throughout the year. Whether you’re managing a mortgage, trying to stick to a budget or simply looking for more convenient ways to handle everyday finances, there’s likely a digital solution that can help.
This new year, give yourself the gift of financial clarity and control. Start with one or two tools that address your biggest financial pain points, and expand from there as you get comfortable.
Have you tried any digital banking or fintech apps? What’s been your experience? Share your two cents and tips with the Shop Talk community — we’d love to hear what’s working for you!
Did you know? Fintech goes beyond banking
Many fintech apps now include financial literacy resources and gamified education tools that make learning about money management fun. These features can help you build better financial habits while you’re managing your day-to-day finances — making 2025 your most financially savvy year yet!