Understanding FinTech – What is it And Why Do We Need It?

Understanding FinTech – What is it And Why Do We Need It?

Fancy new terms such as “FinTech” are found all over mainstream and online media outlets these days. However, most people still have no idea what this term means, or why it is even such an important topic of conversation these days. Before we can explain the recent evolution of FinTech, we must first explain what this new hype is all about. The term FinTech is a shortened version of talking about Financial Technology. Using shorter terms are always more eye-catching, and are easier to convey between parties engaged in conversation. FinTech’s main goal is creating new forms of software and....


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