FinTech

FinTech is an amalgamation of Finance and technology, and it refers to the utilization of advanced technology and innovation in delivering financial services and products to users. Financial Technology uses artificial intelligence and machine learning to build more consumer-friendly financial products that can be available around the clock.

FinTech has applications in multiple sectors, including education, neo-banking, investment, and fund-raising. The Cryptocurrency and blockchain industry is also an important segment of the Fintech. Peer-to-peer lending sites, crypto exchanges, blockchain solution-providing firms, digital Wallet solutions, and token development come under the ambit of FinTech.