What Is Fintech? Examples Of Types, Features And Products

Fintech is an innovation that describes a group of new technologies designed to enhance and automate the use and delivery of financial services. Thanks to the marvels of Fintech Innovation, we can send and receive money and conduct a lot more financial activities with just a few clicks. Fintech has changed how we save, borrow, and invest money by making digital financial transactions easier and simpler, without the need for a traditional bank.

Fintech has taken over many of the traditional financial services from payment apps like PayPal (PYPL) - Get Report or Venmo to even cryptocurrency. By combining both financial services and technological development, Fintech innovations has helped businesses from start-ups to large corporations. It disrupts the industry and provides better, financial products and services to businesses and individuals alike.

After reading the article you will learn:

• How will we use Fintech in 2024?
• You will learn more about Fintech features and uses.
• You will become familiar with the market analysis of top companies.
• You will know about the future of Fintech, Regtech, and Blockchain.

How do People Use Financial Management Services and Applications? - Some Data

Usage of Finance Apps: A significant proportion of smartphone users, 73%, have used an app to manage their finances in the past month​​. This indicates a high reliance on mobile apps for financial management among smartphone users.

You can find current data here: Usage of Finance Apps in the past month.

Average Number of Finance Apps on Smartphones: As of the most recent data available, users have on average 2.5 finance apps installed on their smartphones​​. This suggests that people may be diversifying their use of finance apps to meet different needs or preferences.

More about the state of personal Finance and Trends for 2023

Fintech Examples, Key Features of Technologies And Benefits

Here are examples of top financial technology companies using key features, benefits.

#1: RegTech

To cater to the compliance issues and manage regulations such as anti-money laundering policies, financial directives, and terrorist financial regulations, a new technological advancement took birth and was named ‘RegTech.’ The product is designed using cloud computing and SaaS technology to help businesses comply with regulations efficiently and less expensively. The main functions of RegTech are to perform regulatory monitoring, reporting, and compliance.

Here are the examples of two of the software you can build for RegTech.

Financial Risk Management

RegTech helps Fintech industry institutes improve risk management by analyzing the patterns and management of large volumes of information. A RegTech solution ensures that the business keeps itself updated with changing regulations and compliance policies.

Key Features of Risk Management Software

• The software offers a real-time account value and risk exposure. It captures orders, updates market data; evaluate for risk, and then saves in the database.
• It offers automated email, allowing employees to configure email notifications and schedule them as per specified time.
• Built-in analytics helps employees track and analyze compliance progress by providing metrics and charts.
• Data security identifies issues to optimize compliance processes.
• Compliance task management enables the automatic scheduling of compliance tasks based on legal entities and the latest rules.

Key Benefits of Risk Management Software

• A platform that helps businesses manage new legal entities from across the world.
• It provides continuous support to business operations.
• The software is built on the cloud, making it easier for businesses to access it anywhere.
• It minimizes human error by automating processes and improving business efficiency.

Financial Fraud Detection

RegTech helps companies in the financial industry by letting them know their customer via KYC and Anti-Money Laundering solutions using Identity management. Using Artificial Intelligence or Business Intelligence (BI) technology helps RegTech companies improve the system's overall identity management.

By integrating the most advanced technology of ‘Biometrics,’ a RegTech company can identify a fraud or money laundering attempt. Biometric offers the safest user-friendly option for customer identification. Thanks to RegTech, now banks can verify consumers using Biometric technology.

Key Features of Financial Fraud Detection Software

• A Fraud Detection software is designed to raise flags over suspicious transactions and alert the administration for further investigations.
• The ID analytics feature in fraud detection software stores all the data concerning the assessment of user risk.
• Fraud detection software finds fraudulent activities while assessing the risk of the user.
• The software generates notifications when fraud is suspected, and the transaction declines automatically.
• Real-time monitoring allows a tracking system to identify irregularities in real-time.

Key Benefits of Financial Fraud Detection Software

• Streamlines development, maintenance and support costs
• Improve businesses operational efficiency
• Streamline and improve audit procedures
• Reduce operational risks and costs
• Provides real-time analytics and statistics

Top 3 RegTech Companies

Alyne

• Location: Germany
• Domain: Cybersecurity, Risk management
• Website: www.alyne.com/en

Speciality:

• Offers extensive control set templates
• Delivers mapped Laws and regulations

Suade

• Location: London, UK
• Domain: Cybersecurity, Risk management

Speciality:

• Designed to empower the regulatory user and transform the organization
• The software can be deployed on any infrastructure to offer regulation in a box

DataGuard

• Location: Germany
• Domain: CyberSecurity

Speciality:

• Supports with GDPR in companies
• It offers solutions to many businesses

#2: Blockchain and Cryptocurrency

Blockchain and Cryptocurrency are hallmark examples of Fintech. Coinbase and Gemini are examples of Cryptocurrency exchanges that connect users for buying and selling cryptocurrencies like bitcoin or litecoin.

Many leading organizations from various industries have already achieved excellent benefits from blockchains and cryptocurrencies such as reduced cost, faster time, optimized efficiency, improved security, and transparency.

Key Features of Blockchain and Cryptocurrency Fintech Apps

• With blockchain fintech apps, the process of sending money, regardless of how much, is significantly faster. What’s currently a matter of days can easily become a matter of minutes.
• The process of paying via Cryptocurrency is completely anonymous. Fintech companies need to make sure that the registration process is sound. If so, then the end-user will never have to worry about who the person on the other end of the transaction is.
• Blockchain and Cryptocurrency Fintech apps enable direct, peer-to-peer transactions that eliminate all intermediaries, meaning all unnecessary costs and fees are taken out of the picture.

Benefits of Cryptocurrency and Blockchain in Fintech

• Blockchain and Cryptocurrency technology removes the transaction data's need to be processed and stored by a sole third party.
• The biggest benefit of Blockchain and Cryptocurrency technology is that it is highly secure. The technology is based on strong encryption, which means that only individuals with a unique key code can access the data.
• It can be used for payments, remittances, and much more without having a risk of fraud.

Top 3 Companies for Cryptocurrency and Blockchain Fintech

BlockVerify

• Location: London, UK
• Domain: Blockchain Exchange

Speciality:

• Use for selling and buying cryptocurrency like BitCoin
• Highly secure and reduces risk for financial frauds

Coinbase

• Location: USA
• Domain: Blockchain and Cryptocurrency Exchange

Speciality:

• The easiest platform to buy, sell and manage your cryptocurrency
• Highly optimized and user-friendly iOS and Android Apps

Binance

• Location: Malta
• Domain: BitCoin Cryptocurrency Exchange

Speciality:

• Top-notch Bitcoin exchange
• Infrastructure is designed to minimize frauds

#3: Crowdfunding Platforms

It is the practice of funding a project with a small amount of money contributed by many people. This practice is usually conducted on the internet, hence making it a part of Fintech.

In 2015, over US$34 billion was raised worldwide by crowdfunding.

Key Features of Crowdfunding Fintech Apps

• A simple and easy-to-use interface is one of the best features that a crowdfunding Fintech app should have.
• A crowdfunding app provides an investment chart, transactional records, recharges, and withdrawals in the account management section, reports, and dashboards.
• In a crowdfunding app, payment history is there for you to deal with a payment log containing project details, payment number, users money came from, date and time of the transaction, and the status.
• The app also provides options for the installation of payment gateways.

Benefits of Crowdfunding Apps

• Crowdfunding campaigns are a good source of collecting finances from multiple sources where app users can send or receive money from others.
• Kickstarter, Patreon and GoFundMe are examples of crowdfunding that illustrate the range of Fintech outside of traditional banking or traditional financial institutions.
• With the Crowdfunding option available, businesses no longer need to go to traditional banks. From family and friends to other investors on the internet, Crowdfunding platforms have multiplied over the years.

Top 3 Companies for Crowdfunding

Kickstarter

• Location: USA
• Domain: Crowdfunding Platform

Speciality:

• One of the best places to find new projects to invest in
• A platform with millions of visitors on a daily basis

GoFundMe

• Location: USA
• Domain: Crowdfunding Platform

Speciality:

• Best place to raise money for projects and causes
• Easy-to-navigate website

Patreon

• Location: USA
• Domain: Crowdfunding Platform

Speciality:

• Best place to find projects related to Arts
• A great platform for Gamers to raise money for their projects

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#4: Investments: Robo-Advising and Stock-Trading Apps

Robo-Advising and Stock-Trading are the most innovative Fintech that altered the asset management sector over the last few years. Based on smart algorithm technology, Fintech provides intuitive asset recommendations. Another popular and highly innovative fintech contribution is the invention of stock-trading apps.

Key Features of Robo-Advising and Stock Trading

• Form management is one of the features that provide full control of user input. This feature allows users to define questions and answers, add a description for each item, and configure checklists that help a financial advisor analyze customer risk-taking ability.
• A document repository is another crucial feature of Robo-Advising and Stock-Trading Fintech apps that lets employees create a document checklist and attach electronic documents. All documents are stored in the repository, and only users with the appropriate privileges can view them.
• 24/7 live updates from Stock Exchange are significant for stock traders to decide whether they want to keep the stock or sell it.

Benefits of Robo-Advising and Stock-Trading Fintech Apps

• Robo-advising has lowered the cost of portfolio management. With the help of this Fintech, financial advisors can analyze numerous portfolios in less time.
• No need to go to a financial consultant when Robo-advising apps can do the job in just a few minutes.
• You don't need to visit the stock exchange every time you need to make a transaction. With Stock-trading apps, you can sell or buy stock anytime.

Top 3 Companies for Robo-Advising and Stock-Trading

Betterment

• Location: USA
• Domain: Investment Platform

Speciality:

• Purpose-built investment portfolio management
• All your finances can be managed from one platform

ETRADE

• Location: USA
• Domain: Stock Trading Platform
• Website: https://us.etrade.com/home

Speciality:

• Step-by-step guides available for online trading
• Tools to help you select the right time for trading

Interactive Brokers

• Location: USA
• Domain: Trading Platform
• Website: https://www1.interactivebrokers.com/en/

Speciality:

• Lowest trading cost
• Earn extra income on the fully-paid shares of stock held in your account

#5:Insurance

Like all other financial institutions such as banks and mortgage houses, Insurance companies are also heavily dependent on technology now. Insurance companies use apps to attract new customers and coordinate with old customers. These companies use IoT, mobility software, data science, and other digital solutions to better customer experience.

Insurance CRM Software

Insurance CRM software helps insurance companies to collect, store, and manage all users’ data in one place and use it effectively to provide an exceptionally great user experience.

The main motive of designing these tools is to assist staff with improving client relationships. It also helps companies to take care of commission processing and automation of other working processes.

Key Features of Insurance CRM Software

• Task management features in the CRM help employees manage daily activities with task summaries and schedules.
• Document management features help managing documents of clients in one single place.
• Commission tracking features help track agent commissions and their progress. Managers can always be informed about how employees are doing.
• A workflow engine helps to increase operational efficiency due to automatic document and commission generation, drip marketing campaigns, etc.

Key Benefits of Insurance CRM Software

• Insurance CRM software provides cost efficiency by improving the processes with automatic document creation without any manual entries.
• Thanks to the automation of processes, employees can concentrate more on user experience and sales rather than on data entry.
• CRM software integrates various tools like emails, marketing, etc. which helps create an exceptionally well user-experience.

Web and Mobile Insurance Agency Software

Having web and mobile insurance agency software helps insurance companies manage the workflow. It offers the ability to assist businesses in policy administration, billing, claims, and other related services. The availability of real-time data streaming lets insurers control risks effectively and boost sales.

Key Features of Web and Mobile Insurance Agency Software

• Document storage feature helps insurance companies to store all kinds of documents, including JPEG, PSD, PDFs and Video files.
• A commission tracker helps track and audit the commission report of employees.
• A payment management system helps insurance companies to manage payments from clients as well as claims that have been paid by the company to clients
• The chat feature allows businesses to connect with the customer whenever a customer might have any questions or issue regarding the services

Key Benefits of Web and Mobile Insurance Agency Software

• It helps streamline an insurance company workflow
• Saves cost and improve efficiency by automation of processes and documentations
• Improve customer retention by giving them an excellent experience
• Provide a single platform to manage all business operations and clients

Top 3 Companies for Insurance Fintech

Oscar Health

• Location: USA
• Domain: Insurance

Speciality:

• Diversified insurance plans for you and your family
• 24/7 availability of doctors and consultants via call

Credit Karma

• Location: USA
• Domain: Credit Score Ratings

Speciality:

• Personalized comparison for loans eligibility
• You can find if there’s any unclaimed insurance or money on your name using this platform

Bitrix24

• Location: USA
• Domain: CRM

Speciality:

• It is a highly secure and customizable CRM
• It is available on iOS and Android platforms.

#6: Payments

Sending and receiving payments is one of the main motives of Fintech. Using electronic money, cryptocurrency, or other methods to conduct a transaction between two people is considered a payment.

Here are two examples that you can build for the payment category.

Payment Gateways

The newest advancements of online payment gateways have revolutionized payments, making it convenient, easy, fast, and accessible. Payment gateways have removed the interference of a bank for every transaction. By removing the expensive bank fees, payment gateways have given consumers considerable benefits and savings.

Key Features of Payment Gateways

• Encryption and security are the main concern for Payment Gateways. Payment gateways use TLS encryption to secure transactions.
• Payment gateways should ensure compliance with Payment Card Industry Data Security Standards established to provide secure payment solutions by forcing companies to use Firewalls on their internal networks.
• Two-Factor authentication feature is a must for payment gateways to provide an additional security layer to their users.

Benefits of Payment Gateways

• Payment gateways are a much more secure mode of transaction. It protects users by encrypting sensitive data.
• Payment gateways help businesses expand their reach by connecting to customers from all over the world.
• Transactions are much quicker than standard manual processing via bank.
• You can make payments via digital gateways from anywhere at any time.

Mobile Payments in Mobile Banking

Mobile payment has become one of the most basic needs of our lives. By 2023, the total figure of total transactions done via mobile payment is expected to exceed US$4.3 trillion. Mobile payment leads the world towards a physical credit card-less world.

Another impact that mobile payments have made is on currency exchange rates. Before the introduction of Fintech, a lot of small and mid-sized businesses have to deal with less than desirable exchange rates.

Thanks to Fintech, all businesses, irrespective of their size get highly competitive exchange rates. Some Fintech companies even let their customers bid for preferred exchange rates, which customers at the other end might then match.

Key Features of Mobile Payments

• Simplicity and user-friendliness are the two main ingredients to build a perfect mobile payment app.
• Privacy and security of users’ data is the priority to address. The combination of strong Firewalls and encryption as a feature to protect users is a must,
• Availability and integration with Blockchain and Cryptocurrency is another feature to address in a mobile payment app.
• 24/7 live chat support feature is an additional benefit for the users

Key Benefits of Mobile Payments

• A mobile payment app helps reduce the cost of development and maintenance for companies.
• A mobile payment app also saves the cost of hiring people to manage cash flow and manage finances.
• Mobile payment apps are making the customer experience more productive and pleasurable.

Top 3 Payments Fintech Apps

B4B

• Location: UK
• Domain: Payment Apps (Web & App)
• Website: https://selleo.com/portfolio/payment-management-software

Speciality:

• Smart payment solutions combining Mastercard® and Visa® prepaid cards with a powerful in-house proprietary management portal
• Use React Native a highly advanced framework for building mobile apps.

PayPal

• Location: USA
• Domain: Payment Gateway

Speciality:

• Send and receive money in seconds
• Acceptable at millions of outlets and eCommerce sites worldwide

Venmo

• Location: USA
• Domain: Payment Apps [Owned by Paypal]

Speciality:

• Offers debit card to withdraw money from your PayPal account
• iOS and Android apps are available

#7: Personal Finance

There are many online options available to get financial assistance of any kind. Fintech Company, Mint is an example of such an opportunity. It allows customers to create budgets. Similarly, another Fintech company - CompareAsiaGroup, provides reliable information about how to save money and manage personal finances.

One of the greatest innovations of Personal Finance Fintech is E-Wallets.

E-Wallets Personal Finance

Paypal, Samsung Pay, Android Pay, and Apple Pay are some of the greatest examples of e-Wallets. A user can use these E-Wallets for various purposes including, P2P payments, top-up & utility bills, international remittances, booking tickets, and many more.

E-wallet has attracted users due to its tempting offerings, including exciting offers, lucrative cashback, reward points, and many more.

Key Features of E-Wallet

• You can schedule reminders for bills, paychecks, deposits, and fund transfers, a feature that helps a great deal with avoiding interest and fees charged for late payments
• Offline payments through an app
• Quick, easy, and error-free reconciliation of your personal or business bank account
• Some E-Wallets provide you with the ability to plan a budget for a specified period
• You can spend all your utility or telecommunication bills via E-Wallets
• A Business can easily check the cash flow and determine its net worth using E-Wallet

Key Benefits of E-Wallet

• Balance your account transaction in real-time.
• Get notified of every transaction from your bank account.
• You can easily prepare your tax returns using tax-tag in the software that will list down all tax-paid amounts from your account
• Pay the amount using E-Wallet anytime from anywhere

Top Companies for Personal Finance

YNAB (You Need A Budget)

• Location: USA
• Domain: Budgeting App - Best Overall

Speciality:

• A step-by-step and user-friendly guide to help the user during the onboarding process with in-app prompts showing how a budget works
• Offers a 34-Day free trial

Mint: Best Financial Snapshot

• Location: USA
• Domain: Personal Finance App

Speciality:

• It offers free credit score monitoring in addition to budgeting features
• Help you build a perfect budget keeping your spending habits into consideration

Clarity Money: Best Free App

• Location: USA
• Domain: Personal Finance

Speciality:

• Give you a suggestion based on your financial requirements such as low-interest finance
• A very easy-to-use app

#8 Lending

Fintech lenders established the latest financial technologies to streamline the traditionally out-of-date and non-transparent lending process. The new innovation of Fintech lending has given lenders the power to speed up their payment processing times and de-mystify their policies. It has also given lenders the ability to offer personalized experiences based on each loan and mortgage seeker’s needs.

Let’s check out the different types of Fintech Loans.

Types of FinTech Loans

Following are the types of Fintech loans.

Small Business Administration Loan - SBA Loan

It is a type of loan availed by small businesses for different purposes such as working capital, payroll, purchasing real estate, consolidating debt, refinancing business loans, expansion, etc. Thanks to the innovative Fintech technology it is a matter of days to get an SBA loan.

• Rates: 6-8%
• Terms: 3-10 years

Mid-Prime Fintech Loan

One of the most common forms of Small Business lending is Mid Prime Fintech loan. It offers rates that are competitive with traditional bank and SBA loans. With the Mid Prime Fintech loan option available, you don’t need to contact the bank and fill out a long-form and submit it along with extensive business and personal financial documents. A Mid-Prime Fintech lender can qualify an applicant within minutes and fund the application in a matter of days.

• Rates: 9-25%
• Terms: 1-5 years

Fintech Cash Advance

FinTech cash advances aren’t loans. It is a kind of lending based on the future revenue of a company that will be generated through sales. A Fintech funding company will determine what the small business can handle as far as maximum repayment, they will then calculate how much funding the company can be approved for based on a repayment model between 4-21 months.

• Factor Rates: 1.16-1.50%
• Terms: 4 months – 2 years

Fintech Invoice Factoring

Invoice factoring is a term of lending where a business can avail a Fintech loan based on their 30-90 day unpaid invoices. A Fintech lender will forward the small business a percentage of the invoice’s value (minus a fee) and then forward the final amount to the borrower once the invoice is repaid.

• Factor rate: 1-5%

Benefits of Fintech Lending Software

• It boosts the operational efficiency
• It reduces the time of processing an application
• Interfaces seamlessly with credit bureaus
• Increase customer satisfaction
• Automates document processes
• Detects fraud efficiently

Key Features of a Fintech Lending Software

• User management feature offers full control over user access, user account setup, system authentication, and user authorization.
• Form management feature offers full control of user input forms. It allows users to define questions and answers, adding a description for each question and configuring checklists.
• A document repository feature lets employees create a document checklist and attach electronic documents for each item. All attachments are stored in the repository and only users with the appropriate privileges can view them.

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Top Three Companies For Fintech Lending Software

TALA

• Location: USA
• Domain: Lenders

Speciality:

• It offers features like social connections, texts, calls and bill payments to determine creditworthiness
• The company is assisting three billion new consumers in building credit.

OPPLOANS

• Location: USA
• Domain: Fintech Lending

Speciality:

• It offers free interactive courses that teach users about different fintech tools
• It helps agents to recommend the optimal loan for almost every situation such as medical bills, car repair and paying rent

ZWEBB

• Location: Sweden
• Domain: Invoice Factoring Application

Speciality:

• Offers a risk-free way for Invoice Financing
• It offers the ability to monitor all factoring/accounting of a large number of invoices

#9 Price Comparison Marketplace

A Price Comparison Marketplace is a platform that intends to provide users with key product information including price, features, availability in stores, ratings, reviews, and more. So, in addition to comparing prices, the users can also compare other important characteristics of the desired product/service.

These price comparison sites don’t actually sell goods. They only collect the information and gather it at one place so that a user can make a firm decision to choose a store based on the product price.

Benefits of a Price Comparison Website

The main benefits of a price comparison website are as follows:

• With all the information available on one website, people tend to visit more - hence, more traffic on the site
• It increases sales
• An additional channel of interaction with the target audience
• A good place to read customer reviews based on their experience with the product
• Simple and affordable functionality that allows working with a comparison-shopping website without third-party help

Key Features of a Comparison Website:

Listings

These are the pages where comparisons are displayed. On price comparison sites, listings not only include the prices but other factors which may be crucial to the buyer. For example, in the case of hotel comparison, the following are the details you might find:

1. Hotel Status (3, 4 or 5 Stars)
2. Location
3. Nearby Airport or Downtown
4. Price inclusive of Taxes or not
5. WiFi available
6. Breakfast included or not
7. Customers rating and reviews

All this information should be displayed in an easy to understand way.

Search Filters

The search option is a must-have feature for a price comparison website. With this feature users looking for a comparison of prices should be able to find not just any product but the specific product.

By adding fields with required specifications, this feature can help users narrow the search. Filters should at least include the same information displayed in listing results.

Price History and Alerts

Adding price history is a plus for a price comparison website, especially if you are listing seasonal products. Let’s say in case of a flight price which changes based on holiday time, vacation time, off-season time, etc. In cases like this, price history charts are the best — they can show when to buy cheaper tickets.

In addition to price charts, many price comparison websites offer price alerts. There are two types of alerts:

1. General alerts for when the price drops
2. Alerts are activated when a certain price is reached

General price drop notifications are for those users who want to buy an item sooner rather than later but aren’t in too much of a hurry.

The second type of alert is for those buyers who want to buy expensive gadgets but only when the prices drop to a certain level. Most of the time prices for older models can drop significantly when a new model comes out.

Reviews and Ratings

Reviews are an integral part of a price comparison website. Most buyers visit these websites only to read the reviews of users with experience of the product. You can allow users to leave reviews and comments right on your website, or you can take reviews from sites selling the items you’re comparing.

Reward Programs

Having a reward program for your website visitors is a cherry on top. These rewards can be in terms of discounts, free miles, coupons, etc. Rewards are often used on travel-related and flight comparison websites: travellers who use Booking.com and TripAdvisor, for example, can earn tokens that can be exchanged for discounts.

Top Three Price Comparison Websites

Trivago

• Location: Germany
• Domain: Price Comparison Website

Speciality:

• Discover top details for regional gateways
• Compare worldwide hotels for best prices

Moneyfacts

• Location: UK
• Domain: Price Comparison Website

Speciality:

• Make the most of your money with totally unbiased comparison tables
• Get best tips to get a loan or make an investment in the UK with all options available at one single platform

Cheapshark

• Location: USA
• Domain: Price Comparison Website

Speciality:

• Offers you the best deals on digital game downloads for PC
• Know everything about digital games including, release dates, prices, cheats, hacks, etc.

Who uses Fintech services - Types of Fintech Users

By providing feasibility and accessibility, Fintech companies are continuously gaining popularity among businesses and consumers. There are mainly two types of users for Fintech, and these are:

Business-to-Business User (B2B)

With the innovation of Fintech, businesses do not need to pay a visit to the bank to conduct a transaction or pay for another company. Even when credit cards were the only option, a business must maintain a good relationship with a credit card provider to install all the necessary systems. Now, with mobile technology advancements, such cumbersome requirements exist no more.

Businesses or fintech startups can easily and securely manage finances for B2B engagements driven by continuing digital innovations. Fintech B2B services allow companies to leverage their financial transactions to optimize their productivity and overall bottom line. It also reduces the cost of transactions and bank charges.

Business-to-Consumer (B2C)

B2C Fintech apps enable anyone with a mobile phone to transfer money conveniently and quickly. The B2C Fintech is primarily focused on millennials considering their increasing purchasing power and large segment size. Gen X is also in line to become the biggest target market for the B2C Fintech market.

Last Thoughts – The Future of Fintech, Regtech, Blockchain

The financial world is evolving rapidly with the newest innovations in technology. Banks and all other financial institutions are in the race to cope up with this technological transformation.

From paying a dollar to buy chocolate online to planning a budget of millions of dollars can all be done by Fintech. These innovations in blockchain technology are causing many tremors that will continuously change how we see and use money forever. And who knows? Cryptocurrencies might just become the ultimate force to remove cash from our lives.

If you wish to keep up with these changes in the financial sector, you need to adapt to Fintech. Are you looking to create your Fintech app or want guidance? Then contact us now. At Selleo, we have a team of highly professional and experienced experts to help you at every step.