Month: September 2019

How to use fintech?

Banks are the biggest users of technology today. However, it is fintech that brings technology to the heart of financial offerings, thus fundamentally changing the way companies interact with their customers.

Banks are the biggest users of technology today. However, it is fintech that brings technology to the heart of financial offerings, thus fundamentally changing the way companies interact with their customers. Such a state of affairs has an extremely beneficial impact on society, as reducing the cost of financial services significantly saves consumers’ money, and greater access to payment instruments for various segments of the population contributes to their dissemination to those who have not yet been physically able to use bank accounts and money transfers. When you use ApplePay or just your credit card to make online purchases, you, as a consumer, online store, and your billing bank, use fintech.

Traditional banks, insurance companies, and other large financial institutions are also investing in the development of financial technology. Some integrate solutions into their products and services, others work directly with such companies, and others even buy these companies or create fintech incubators. According to Roomian.org, the portfolio of such a large global bank as Citigroup already has 13