3.What have you done differently to beat the cut-throat competition in the Finance industry if you were the Founder of Wealth simple or a FinTech company similar to it?

3.What have you done differently to beat the cut-throat competition in the Finance industry if you were the Founder of Wealth simple or a FinTech company similar to it?

Expert's Answer

Answer 3 If I were the founder of Wealth simple or a Fin Tech company that was similar  to it, the three primary areas that I would concentrate on in order to surpass the cut throat  competition  in the finance industry by the development of a cutting-edge technology platform, the provision of excellent customer service, and the provision of pricing that is both competitive and transparent.

The system needs to be straightforward, simple to use, and adaptable to the specific requirements and objectives of each unique client. This would help separate my firm from the other options available to clients and make it a more appealing choice for them to consider. Second, I would concentrate on delivering outstanding service to my customers. As, product must be simple to use and convenient. This may involve making knowledgeable advisers readily accessible to respond to queries and give direction, to customers. This would give loyalty to customers to stay in firm.

In conclusion, one of my goals would be to provide pricing that is both reasonable and open. Because of this, those who are interested in investing their money would find my organization to be an appealing alternative, which would also assist bring in new clients. Overall, I believe that if I concentrated on developing a cutting-edge technology platform, providing outstanding customer service, and offering pricing that is both competitive and transparent, I would be able to successfully compete against the competition that exists in the finance industry.

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