Connect with us

FinTech

Fintech And The Emergence Of Finance Technology

TechCEO

Published

on

Fintech may sound very different but in simple language it is financial technology. Along with other business sectors, technology has a great impact on banking and finance sector too. A number of business sectors are deploying Fintech for a better performance. Actually Fintech is transforming the money transaction procedures and helping companies to make it online with an automated data saving about each transaction made or received. The emergence of this technology has also impacted customers and their usage. Nothing comes out immediately but an innovation is a result of requirements. Fintech is also a result of a number of changes occurred in various industries and lifestyle of targeted audiences.

Few aspects those demanded Fintech are listed below:

Technological growth:

On a side of this world, every sector is highly influenced with the technological growth and is implementing it in some or other way. This is a fast paced era where every sector is moving at a fastest speed and to intact the operations they need finance technology which can match up their speed and serve them with an instantaneous result.

Customer’s behavior:

In olden day customers were habitual of going door to door and searching for the best solution for their requirements. But now customers are high-tech and are well informed with the technological growth, hence they prefer a solution for their requirement instantly and also require a financial system which can support their need. Fintech has come up with a one-stop solution for all their requirements..

Greater access to the information:

Fintech includes cloud computing and artificial intelligence together which allow the user to access information anytime and anywhere they require. Now saving data for a long duration is possible with an easy access. It also gives an access to compute the financial trends for a better performance of companies using it.

FinTech

Who all can be leveraged by fintech industry?

TechCEO

Published

on

Who all can be leveraged by fintech industry

Finance is one of the major sections of each and every sector regardless of their business domains. It’s been a part of each business since traditional age when accounts were only done on the papers, but now the time has grown to a technological level where everything is automated then why not finance sector. With the flying time and growing using of technology, finance sector has undergone great changes and now it is used to automate a number of financial activities and make it easier for business and common folks too. Finance technology, more commonly known as fintech is a very commonly known name but hardly few are well aware of each and every benefit it offers. Fintech is a vast sector with a number of operations sorting capital management in various ways.

There are a number of fintech users but they are totally different from one another in terms of objective, type of use and many more. This states that fintech industry is serving a number of distinct requirements with appropriate solutions.

Types of fintech users:
Business to business (B2B):

Finance management is very crucial aspect for a business to operate smoothly and generate revenue. In case of huge firms with a huge capital investment and management, manual works get tedious and also has an increased probability of errors. As a solution, fintech sector serve with an automated solution with which a number of financial tasks can be automated and get done precisely.

Business to consumer (B2C):

Carrying cash for each transaction is tough and if you have to transact money at a distance then standing in bank queues is time consuming too. For this fast paced world a fast paced technology is required that allow them to transfer money within no time. Fintech industry has given a number of apps to the foolks with which they can immediately send or receive money directly from their bank using their smartphones.

Continue Reading

FinTech

Artificial intelligence boosting fintech companies

TechCEO

Published

on

Artificial intelligence boosting fintech companies

Artificial intelligence is no more a new word to any folk; neither any sector is untouched from this technology. In present time most of the companies are taking benefit of such technologies then how banking and finance sectors would be left behind. In this era everything is really fast paced and satisfying consumer’s requirement is crucial aspect to attain success. Artificial intelligence has boosted finance technology and has brought precision to the highest level along with a fast speed. Another important phase of fintech sector which is revolutionized with the help of artificial intelligence is enhanced customer experience and engagement level.

A number of changes brought by the artificial intelligence to the world of Finance industry are listed below:

  • Customer centric approach
  • Cost optimization
  • Enhanced security
  • Real-time data integration
  • Easy to use
  • Targeted audience approach

Benefits of artificial intelligence in banking sector:

If compared to olden days, present era is much more technical and it has powered with various types of products. It has assisted banking sectors to serve their customers at lower prices. Artificial intelligences had over powered the strict policies of banking sector which was dissatisfying the customers and now has given a customer friendly platform.

Other benefits:

Benefits of incorporating artificial intelligence with finance sector are unlimited. It has made marketing and customer reach easier and swift. AI combines with big data and allows the technology to conduct predictive analysis for the better results. With the help of this technology, reach and scope of finance sector has been increased exponentially worldwide.

Thinking about a finance related task, most of the folks step back due to the long paper work procedures. Emergence of latest finance technology has briefed paper work to a great extent and has made finance work easier and swift for the customers.

Other benefits of artificial intelligence in finance sector are credit risk evaluation, profile of customers, digital financial advisor, and many more.

Continue Reading

FinTech

Robo-Advisor and its key benefits in Fintech

TechCEO

Published

on

Financial planning is the backbone for every type of business to operate efficiently with achieve targeted objective. A single mistake in the financial records or planning can drag the growth of an organization to zero. As a solution, Robo-Advisors serve a digital platform with automated functions backed up with algorithm-driven financial planning services. This digital platform allow to automate the procedure with least or can be said no human supervision. A question might be nudging your mind, “How a digital platform can be able to plan financial operations?” It is a worth question that must be answered before using such a high tech platform.

The mechanism of Robo-Advisor is very simple which involves information gathering from client about their financial state and then conducting a thorough study over the market based on the future objective of the client. Output of all such study and surveys are used as input by this platform to take financial decisions and investing client’s assets automatically.

Benefits of Robo-Advisors in fintech:

Investing is a boon for an organization or an individual, but hardly people have any idea about investment. So, when they plan to invest their money for a better ROI, the very first solution hit their mind is wealth advisory team. But it makes their work more tedious by adding an interaction with a team and spending team for it.

Robo-Advisor has brought a revolution in the finance sector with a new approach of automation. It is a digital assistant that work on various algorithms to manage financial portfolio of clients. It gives an enhanced and secure experience. This is possible with the help of machine learning and artificial intelligence. These tools are no longer confined till chat-bots; rather it has grown in the field of fintech too with a number of finance management aspects, such as automating loan process, data management, wealth management, voice assistance, customized finance advisory, and many more.

Continue Reading
Government and public sector20 hours ago

Government healthcare programs: A step towards a healthier tomorrow

Government and public sector20 hours ago

Major challenges faced by army

Aerospace and Defense20 hours ago

What’s on the horizon of aerospace and defence industry in upcoming years?

Government and public sector3 days ago

Strategies to Improve Public Sector Labour Productivity

Education3 days ago

Tips for developing an inclusive education system

Education3 days ago

Major challenges faced by today’s education sector

Education4 days ago

Recent trends of education sector in 2020

Cloud7 days ago

Secure your data with Cyber Security

Cloud7 days ago

Empower your business with the next level of Cloud Computing

Aerospace and Defense1 week ago

How cyber security plays a crucial role in defense industry?

Education1 week ago

Technology reshaping the world of education

Education1 week ago

How to use technology in Education?

Aerospace and Defense2 weeks ago

Drone technology: A new face of aerospace and defense industry

Construction2 weeks ago

Technology Advancements in the field of Construction

AR & VR2 weeks ago

Miracles of virtual reality in physical therapy

AR & VR2 weeks ago

Human Sensory Possibility of Virtual Reality

AR & VR2 weeks ago

Challenges faced by Virtual reality to become reality

Construction2 weeks ago

Technology Revolutionization in the field of Construction

Construction2 weeks ago

How technology is transforming the industry of construction

Aerospace and Defense2 weeks ago

Aerospace and Defense Industry Outlook in 2020

BFSI2 weeks ago

Technology Transformation in the Banking sector

AR & VR2 weeks ago

What is virtual reality and how it is affecting the real world?

Construction2 weeks ago

Technology and Construction combination for world-class quality

BFSI2 weeks ago

A complete guide of BFSI

AR & VR2 weeks ago

What are the advanced applications of virtual reality?

Share via
Copy link
Powered by Social Snap