From payments and lending to insurance, asset management and equity finance, fintech is touching every aspect of thefinancial services sector in various ways around the world, driving significant change. While the move in this direction was happening in the years prior, adoption was furthered along by the Covid-19 pandemic in 2020— an unprecedented number of consumers were pushed online, with many using apps to manage their financial lives. In fact, in the US it’s estimated that 9 in 10 individuals are using some form of a FinTech app to manage their finances.
For business, fintech involves automating the delivery and use of financial services to streamline financial operations. From funding to payment processing, money transfer and more– fintech gives small businesses more options than ever.
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