Over the past few years, fintech companies have disrupted virtually every aspect of the financial industry. Ten years ago, people had to visit a bank or financial company to apply for a mortgage, small business loan or simply transfer funds from one bank to another. Today, fintech has made it possible to invest, borrow, save and transfer funds through online and mobile services without ever stepping foot inside a bank. Though traditional institutions were slow to adopt fintech solutions, both startups and established companies are betting on digitized financial services.
What exactly is fintech?
Fintech, or financial technology, is the term used to describe any technology that delivers financial services through software, such as online banking, mobile payment apps or even cryptocurrency. Continue reading “What Is Fintech? Definition, Evolution and Examples & Financial technology”