Have you ever asked yourself why everyone is talking about FINTECH?
A dominating innovative futuristic blend of finance and technology designed to help businesses and individuals navigate the future at a thorough digital scale.
Everyone uses fintech daily without knowledge be it personalised banking, stock trading, and mobile apps.
With the help of technologies like blockchain, artificial intelligence AI and big data, biometrics, smart contracts, and e-commerce just to name a few.
Blockchain has entirely revolutionized how financial institutions transfer, store and protect digital banking.
While Big Data analytics help companies predict changes within the market blockchain also allows decentralised transactions without interference from a third party
Smart contracts bring the concept up to date they are contracts written into lines of code and are self-executing that's why they are smart.
A 2022 report confirms that digital banking eg card-less banking continues to grow, proving that FINTECH is the ultimate futuristic approach.