Fintech

Fintech is an acronym for the terms "finance" and "technology" and refers to any company that uses technology to improve or automate financial services and processes. The term encompasses a rapidly growing industry that serves the interests of consumers and businesses in multiple ways. Since… more Fintech is not a new industry, it is just one that has evolved very quickly. Technology, to some extent, has always been a part of the financial world, be it with the introduction of credit cards in the 1950s or ATMs, e-commerce floors, personal finance applications, and high-frequency trading in the decades. following. The essence behind fintech varies from project to project, application to application. However, some of the more recent advancements are using data science, blockchain and machine learning algorithms to do everything from processing credit risks to running hedge funds. In fact, there is now an entire subset of regulatory technology called "regtech."