Fintech
Fintech, or financial technology, encompasses technology-driven innovations transforming financial services. From payments and lending to investing and money management, fintech is revolutionizing the financial industry. It introduces faster, cheaper, and more convenient solutions like mobile wallets, online lending, robo-advisors, and budgeting apps. Fintech also drives the development of blockchain-based financial services and open banking, offering transparency and customization. Fintech’s benefits include convenience, affordability, choice, and transparency, making it a positive force reshaping financial services for consumers and businesses.