FinTech Software
What is fintech software?
Fintech is a combination of ‘financial’ and ‘technology.’ This means that, alongside traditional banking, this new tool integrates technology within the financial industry deeper. In a more specialized language, this is called neobank. Companies that use these neobank tools better manage their transactions and financial processes.
How is that possible? Because at the base of the financial operations lay more advanced algorithms than before. The new tech tool allows people or businesses to do a traditional money transfer or deposit checks using a smartphone.
Moreover, you are allowed to manage investments, raise money for a business start-up, even apply for credit without visiting a bank. Everything is just one click away. Also, they are more customer-centered. Fields like education, retail banking, or NGOs are included in the wide area of activity of a fintech software.
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