Every Business Get Know It!
The Fintech world is fast-moving, but Brian Foote and the rest of the HUMBL team have little problem keeping up.
In 2020, thanks to its latest take on how to use capital in a digital world, HUMBL was called by Forbes as one of the “rising startups to watch”. More recently, the UN 2030 Agenda has featured the firm.
Foote is the best person to get insight about what the future will bring, with a strong track record in consumer technology performance. Recently, he expressed his views on the new media effect of COVID-19, how remote work is evolving, and the Platform of the future.
Why is it more critical than ever to have access to technology-based solutions for small businesses?
The global acceleration for contactless and automated means of trade has increased by a decade with COVID-19. In an already expanding global economic pyramid, customers and retailers who do not have instant, cheap access to emerging technology would be left farther behind.
In an increasingly “remote” job climate, how do small companies achieve their audience’s confidence?
If first-world white-collar professionals have access to financial resources and healthcare technologies, but urban retailers and frontline employees do not, so infrastructure is lacking at the heart and it would have a long-term effect on the structure of society.
Companies who do not spend in their people’s technologies or a digital product mix for customers will lag behind those brands who during this transformation phase step quicker or more thoughtfully.
In an often distant, global economy, what resources are clients and merchants utilising to connect?
I think you’re looking at Zoom, Shopify, Slack, Upwork and Etsy, in terms of SMB resources, as some of the obvious 2020 champions. Anything in distributed platforms that can assist in correspondence, messaging and product lists.
We believe it’s financial markets and transfers for 2021, which were the last to be revised. Cash proliferated in the United States in the 1860s, and physical credit cards and receipt printers began their periods around the 1960s.
We assume that these modalities will be bundled in digital forms for the coming year: exploration, billing, financial resources and client experience management services that reach “beyond the receipt printer” as the environment opens up to foot traffic.
If consumers and merchants will use those resources to link better and remain linked, a more scalable Web 3 business layer can be built. In the coming years, we expect that it will become synonymous with HUMBL.
As it applies to the many instruments utilised by small companies, what are your views on safety and security?
Cybersecurity: No one is safe. You look at megatechs like Twitter struggling from assaults on social engineering or the stock exchange in New Zealand needing to close down owing to violations for many days. Out there it is.
Then consider individualised data or SMB workforces with dispersed footprints and trends in technology, and the possibilities for privacy compromise are much wider.
In the future, technology such as tokenization, cryptography, and blockchain can play a vital role in protecting small business data on a wide scale, particularly as we reach the age of quantum computing.
Even for small retailers handling consumer info, the ability to minimise attack vectors, conduct deep human training around protocol and passwords and then provide pretty strong internal cybersecurity steps is important.
Why has the COVID-19 pandemic influenced the way customers are linked to small businesses?
“We believe the coming decade will signal the rise of the Millennial and Gen Z economy’s fastest-growing segment, which we call “Freelancers” or “Nano-Merchants.
From four walls and a symbol to remote jobs and private outsourcing, the world of SMB is going. The COVID-19 economy has only increased the degree of freedom that those younger age groups, who are the merchants of the future, have already created.
Their aim for Web 3.0 is an elastic, intimate, and business toolset that flies around the world portably with the consumer and retailer.
What methods are you most enthusiastic about seeing post-COVID-19 evolve?
We are entering a cycle of financial technologies that will put “super apps,” bank branches, and trading platforms, right in the palm of your hand, in a few taps.
You realise you are on the right track for a decade of change when you hear guys like Jamie Dimon, CEO of JP Morgan, claiming that Wall Street wants to be “scared shitless” of the FinTech proliferation occurring in laboratories and garages out in Silicon Valley.