FinTech

Fintech, short for financial technology, describes technologies that are being leveraged to make financial processes easier, more efficient, and more profitable. Fintech companies develop a variety of software platforms, apps, hardware solutions, and more to achieve these goals. 

Types of Fintech include:

• Online and mobile banking platforms
• Person-to-person (P2P) payment apps
• Peer-to-peer and other tech-focused personal lending platforms
• Mobile payments
• Contactless payments, allowing consumers to pay in store without swiping or inserting their payment cards
• Robo-advisors, digital financial advisors that use algorithms and artificial intelligence (AI) with little to no human intervention
• Budgeting apps
• Blockchain technology and cryptocurrencies
• Brokerage services, including stock trading apps
• Software that automates previously laborious and tedious tasks

~ The Motley Fool