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The finances have not only had to adapt to the new economic and social situation, they have also been updated to face this new and unpredictable reality. Fintech businesses and systems have become industry leaders, but what is Fintech? Next, you will discover what lies behind the buzzword. Keep reading!Click here to know about mobile wallet.
What is Fintech, technology and finance?
Finance and technology;the contraction of these two words is the origin of the term Fintech. And in the same way these are the bases of its work. Fintech uses communication information technology (ICT) to create financial services in an efficient and economicalway. These services also stand out for being very innovative and fast functioning.Visit this site to know about mobile wallet.
How can you deepen a Master in Finance this term encompasses something else and also refers to all those banking and financial solutions that have emerged with the new universe that involves the Internet and that move away from the traditional system to undertake a new economic policy through different channels of distribution? In general, these are startups and entrepreneurial initiatives that seek to provide a technological service that large companies are still discovering.
What do fin-tech companies do?
Financial technology advances at an accelerated pace. More and more people are looking to reduce commissions and shorten intermediaries when choosing financial products.
The meaning of fintech is very broad, since they not only provide financial services but also provide solutions to various topics of electronic banking. In this way, it seeks to innovate and improve the user experience when accessing financial products.
In reality, the meaning fintech can apply from a company that makes loans to a company that provides operations in the stock market. Financial technology is totally inclusive, millions of people can access it easily.
Compression of many things
In fintech, we see the mix of various field of knowledge. In fintech, you will find science, technology, finance, banking and so on.