Assisted Choices
Nomadic
Fiscal
The financial industry appeals to Millennials by highlighting freedom.
Trend
What is the Nomadic Fiscal trend?
Nomadic Fiscal: Millennials are notorious for valuing experience over material gain. Though this is for numerous reasons, one key piece is that for the Millennial, possession of material goods is conducive to commitment; this generation values freedom. The financial industry is looking to break this stigma by positioning fiscal responsibility as a means to freedom.
Trend themes
Themes within the Nomadic Fiscal trend
Three behaviours holding the trend togetherFintech for Nomads
The rise of the nomadic lifestyle is inspiring fintech startups to create platforms and apps that cater to freelancers and remote workers.
Automated Finance
Automated finance platforms are gaining popularity as a way for individuals to better manage their money and eliminate the stress of living paycheck to paycheck.
Job Tracking for Freelancers
Freelance finance apps that track jobs and income and provide notifications for overdue payments are becoming increasingly popular among freelancers and digital nomads.
Industry implications
What the Nomadic Fiscal trend means for industry
Where the trend changes the playbookFintech
The fintech industry is poised to benefit from the increasing demand for platforms and apps that cater to the new nomadic lifestyle of freelancers and remote workers.
Personal Finance
The rise of automated finance platforms is disrupting the personal finance industry, providing individuals with more control over their finances and reducing financial stress.
Gig Economy
Platforms and apps that track jobs and income and provide notifications for overdue payments are revolutionizing the gig economy and making it easier for freelancers and digital nomads to manage their finances.
Workshop question
How can you appeal to the Millennial desire to experience new things?
Trend signals
Trend signals for Nomadic Fiscal
Trend score 3.3 out of 10, from popularity 56%, activity 36%, freshness 8%.
- Gen Alpha (not a primary audience)
- Gen Z
- Millennial
- Gen X (not a primary audience)
- Boomer (not a primary audience)
Evidence
Examples of the Nomadic Fiscal trend
4 featured examples from May 13, 2016 to Oct 1, 2017Freelance Finance Apps
The Tycoon App Helps Digital Nomads and Remote Workers Track Jobs
Disruptive innovation opportunity: Develop innovative finance apps and platforms that cater specifically to the needs of freelancers, providing tools for income tracking, tax mana…
Automated Finance Platforms
'The System' Eliminates You From Living Paycheck to Paycheck
Fintech companies can capitalize on the trend of automated finance platforms by developing innovative financial products for individuals.
Nomadic Finance Apps
The Combine App Makes Banking Easier for Frequent Travellers and Expats
The banking and financial technology industry can leverage the nomadic finance app trend to develop cutting-edge solutions that simplify cross-border financial management.
International Payment Platforms
BFree is a New Venture That Offers Financial Freedom Without Fees
Disruptive innovation opportunity: Develop a platform specifically designed for freelancers, providing integrated payment solutions, exchange rate calculations, and reward program…