Tag: Fintech

Fintech stands for financial technologies. It’s an economic sector that includes companies and organizations that use innovative technologies such as blockchain or near-field communication (NFC) to compete in the financial market with traditional banks, other credit organizations, or provide services to other financial businesses. Financial technologies also include big data and data analysis, mobile technologies, artificial intelligence, robotization, biometrics, and cloud technologies. The fintech industry improves the following financial services and products: online payment services, currency exchange, B2B payments, smart terminals, mass payment services, P2P loans,  B2B loans, crowdfunding, financial planning applications, social trading, etc.