The term "fintech" encompasses either a company focusing on the services to the financial services industry or technology companies that create, distribute, and administer financial products themselves.
It’s said that money makes the world go round but it’s time that keeps the financial world spinning. In today’s tech-filled world, time has become an important commodity in finance. With consumers wanting everything “on-demand,” financial institutions have had to react accordingly.
Banking is under threat from a collection of emerging financial technological companies not limited to Silicon Valley. From West to East, London to Beijing, a new breed of start-ups are outmaneuvering the big banks.