Financial technology or Fintech for short aims to compete with traditional financial methods in the delivery of financial services.
It is a developing industry that uses technology to improve financial activities. Financial technology firms include both start-ups and established financial institutions. Fintech technologies include the use of smartphones for mobile banking, small business loan applications, investing, various borrowing services, and cryptocurrency. The term “Fintech” refers to a new financial industry that uses technology and software systems to improve financial activities/experiences.
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