Fintech & CDBC
Technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. The use of smartphones for mobile banking, investing, borrowing services, and cryptocurrency are examples of technologies aiming to make financial services more accessible to the general public.
Fintech
“Finance” and “Technology”
Any business that uses technology to enhance or automate financial services and processes.
FinTech is empowering consumers to take charge of their financial lives, leading to much greater financial literacy than ever before. It’s tearing down the old silos and helping to advance the consumers’ financial situation and outcomes by leveraging advanced technology.
Digital Lending& Credit
FinTech giant Kabbage directly funds small business loans and is powered by transactional data to help make incredibly quick lending decisions
Mobile Banking
Many financial institutions are adopting or expanding their mobile banking capabilities with the rising demand for digital banking
Blockchain
This is the hottest topic right now in the world. Blockchain solutions have aimed to reduce fraud by keeping provenance data on the blockchain
Trading
Trading and investing has improved with the adoption of FinTech. Information from big data is often unstructured and unreadable without the help of AI technologies
CBDC
Central Bank Digital Currency
Central bank digital currency (CBDC) refers to the virtual form of a fiat currency.
CBDCs simplify the process of implementing monetary policy and government functions. They automate the process between banks through wholesale CBDCs and establish a direct connection between consumers and central banks through retail CBDCs. These digital currencies can also minimize the effort and processes for other government functions, such as distribution of benefits or calculation and collection of taxes.