Fintech report 2020
Fintech has transformed the financial services industry, successfully changing the way people bank and trade. The term is a combination of finance and technology, and it refers to businesses that use the latest technology to enhance or automate financial services and operations. Conventional banks were once the only place to go for financial advice or to transfer money abroad, but innovative fintech startups have disrupted the established sector and now provide services that are tailored to the customer.
Blockchain technology, peer-to-peer payment platforms, and mobile-only trading apps have revolutionized a variety of financial activities. Fintech has reshaped personal finance, providing smarter and more efficient strategies to banking, budgeting, and investing. Consumers are discovering the benefits of digital payments made over the internet or through mobile point-of-sale systems. Alternative lending and alternative financing are two other services that have added to the growth of the fintech market.
Fintech report 2020 >>