Why is Fintech important?
The Fintech industry has grown into one of the most important industries we so desperately need. But it’s a shock that not many people know about the term, when the industry is getting billions every year. So what is Fintech? You can define it as Financial Technology and it is what it says. The term is used to imply technology and its application in traditional sectors like mobile payments, money transfer, banking and asset management. You can see how significant the industry is by their application in these giants sectors. Fintech will not only help these sectors to adapt to new technology but also show them how to study their market and customer’s behavior. Its impact is still pacing the global revolution exponentially as we speak. How Fintech made Changes to the world we see? Not so many years ago, when we need to open a bank account or had any transactions to make, we had to go to the bank ourselves and wait in the line for our turn. Since Fintech influenced the fin...