The Fintech industry has taken the banking system to a new level by combining artificial intelligence and data science with conventional financial services. The coming of Fintech has made the operations of traditional banking institutions better by making them quicker and more efficient. The Fintech ecosystem can be categorized into four: Therefore, it is evident… Continue Reading Benefits and Challenges of Fintech
Month: September 2022
The Functioning of Fintech Companies
Fintech companies utilize the latest technology to automate and improve the flow of financial services across networks. Fintech is, however, not a new invention as it has been a part of the banking sector for quite some time now. Examples of technological inclusion in banking services are credit cards, ATMs, e-trading, and many other financial services.
The Effect of Fintech on the Insurance Industry
The insurance industry’s survival is deep-rooted yet very complex. But the technological advancements that have transformed the whole world have challenged the insurance industry. With the changes in customer needs, the major players introduced mobile solutions ensuring the value of customers.
How is FinTech dominating the Banking Systems?
The Fintech industry’s popularity is due to the demand of customers to get access to their bank accounts without actually going there. In these post-pandemic times, customers prefer financial services that are safe and hassle-free.