What Is Financial Technology – Fintech?
Financial technology (Fintech) is used to describe new tech that seeks to improve and automate the delivery and use of financial services. At its core, fintech is utilized to help companies, business owners and consumers better manage their financial operations, processes, and lives by utilizing specialized software and algorithms that are used on computers and, increasingly, smartphones. Fintech, the word, is a combination of "financial technology".
Technology has transformed the way we do pretty much everything from shopping to socializing and it’s also turning the financial services industry on its head. Over the last few years, a crop of fintech startups has emerged, using technology to make it easier for people to invest, make payments and even get a loan.
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