* Date : 2016-12-20
How Fintech is Changing the Finance Market
A fintech trend is taking over the finance market. Fintech is a combination of finance and technology, and refers to financial services that make use of information technology. Services such as easy payment and easy transfers, leading examples of fintech, are being used at a rapidly increasing rate. Global IT companies are also entering the fintech competition, breaking down the financial market's boundaries. Established banks are offering various fintech services such as unmanned smart kiosks and mobile finance apps.
We report on the effect the fintech trend has had on the shape of the finance market.