What is the purpose of fintech?

Fintech, the word, is a combination of financial technology. Ultimately, the goal of fintech is to make financial services less expensive and more flexible per transaction.

What is the purpose of fintech?

Fintech, the word, is a combination of financial technology. Ultimately, the goal of fintech is to make financial services less expensive and more flexible per transaction. The biggest promise potentially lies in reaching the so-called unbanked and unbanked. Although the industry evokes images of startups and industry-changing technology, traditional companies and banks are also constantly adopting fintech services for their own purposes.

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