Here, you’ll learn about what Financial Technology is and how it can improve the world that we live in.
The disruptive technology that our group chose is Fintech. Fintech is shorthand for the term, “Financial Technology” and encompasses a variety of areas. Fintech includes crowdfunding platforms, cryptocurrency, insurance technology, mobile payment technology, robo-advising and stock trading apps, and budgeting apps. The applications of disruptive innovation in regard to financial technology cannot be overlooked. Apps Venmo and Robinhood have been making huge waves in industries thought to be nearly impenetrable. Fintech is proving that disruptive innovation can strike any industry in which customers want more needs fulfilled.
Fintech is primarily a disintermediation force where disruptive technologies are the drivers. Fintech is comprised of several technologies and is important because it is the future today. Financial transactions are being revolutionized and have never been so easy to manage and keep track of. tech landscape. Fintech may be characterized by technological change in three broad areas of finance: (a) raising capital, (b) allocating capital, and (c) transferring capital. Fintech is disrupting all three. With its disruption power Fintech is becoming a commodity and has been very well taken and used by the masses. Our group found Fintech’s disruption of the Finance industry to be fascinating and we hope you will as well.
MIS Fintech 