Financial Technology (FinTech) Is Driven by Mobile Payments, Lending, Insurance and Simplified Online Investment Management

Financial technology, often referred to as FinTech, is one of the fastest-growing sectors in the world of business. Earliest applications of FinTech were basic, pretty much limited to the convenience and market-wide acceptance of managing bank and other financial accounts online. Today, however, FinTech is about revolutionizing the management and processing of money, from banking to credit cards, from online payments to investments.

A vast amount of effort and money is being invested in creating compelling digital payment systems—that is paying for goods and services without cash, often remotely via smartphone or desktop PC. This includes payments made at retail counters using smartphones, or in web-based shopping carts via mobile devices. The entire “mobile commerce” sector is booming, as more and more shopping is done via smartphones, and consumers are eager to adopt the most convenient ways to pay for their mobile purchases, whether they are buying from Amazon, Etsy or a neighborhood restaurant.

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Financial Technology (FinTech) Is Driven by Mobile Payments, Lending, Insurance and Simplified Online Investment Management, Business and Industry Trends Analysis

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