financial technology definition
What Is Fintech: Beginner’s Guide To Financial Technology In 2019
What is fintech?
Financial Technology In 2019 – Fintech usually refers to the back-end technology used to run traditional financial services organizations. But has turned into a term that is mainly used to describe disruptive financial technology.
Fintech’s investment ballooned from $ 1.89 billion in 2010, to $ 27 billion in 2017. The increase in fintech spending is expected to continue, with the Asia / Pacific and African markets driving a significant part of market growth.
Payung Fintech includes insurance technology (insurtech), regulatory technology (regtech), financial, payment, banking, and mobile banking data APIs, among other types of technology. Each category represents a different category of specialized financial technology.
Financial Technology In 2019
The explosion of the internet and mobile internet has triggered the rapid development of financial technology. Even the sluggish, highly organized, and very careful timber industry (such as insurance) has begun to embrace innovative opportunities to increase the effectiveness offered by fintech solutions.
Financial service institutions have carefully detained fintech companies, seeing them as industrial disruptors and potential competitors. Personal wisdom and interest have won over caution, it seems, when the financial giant has started investing and partnering…