What is Fin Tech ?
The term “Fin Tech” is a contraction of the words “finance” and “technology”. It refers to the technological start-ups
that are emerging to challenge traditional banking and financial players and covers an array of services, from crowd
funding platforms and mobile payment solutions to online portfolio management tools and international money
transfers.
Some of the major FinTech products and services currently used in the market place are Peer to Peer (P2P) lending
platforms, crowd funding, block chain technology, distributed ledgers technology, Big Data, smart contracts, Robo
advisors, E-aggregators, etc. These FinTech products are currently used in international finance, which bring together
the lenders and borrowers, seekers and providers of information, with or without a nodal intermediation agency
The term “Fin Tech” is a contraction of the words “finance” and “technology”. It refers to the technological start-ups
that are emerging to challenge traditional banking and financial players and covers an array of services, from crowd
funding platforms and mobile payment solutions to online portfolio management tools and international money
transfers.
Some of the major FinTech products and services currently used in the market place are Peer to Peer (P2P) lending
platforms, crowd funding, block chain technology, distributed ledgers technology, Big Data, smart contracts, Robo
advisors, E-aggregators, etc. These FinTech products are currently used in international finance, which bring together
the lenders and borrowers, seekers and providers of information, with or without a nodal intermediation agency
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