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Financial Technology

The document defines financial technology (fintech) as new technologies that seek to improve and automate the delivery and use of financial services. It discusses how fintech has grown from applying technology to bank back offices to now encompassing a variety of personal and commercial financial activities accessed through mobile devices. The document also outlines the evolution and key users of fintech.

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rali95138
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12 views

Financial Technology

The document defines financial technology (fintech) as new technologies that seek to improve and automate the delivery and use of financial services. It discusses how fintech has grown from applying technology to bank back offices to now encompassing a variety of personal and commercial financial activities accessed through mobile devices. The document also outlines the evolution and key users of fintech.

Uploaded by

rali95138
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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FINTECH

Financial technology (Fintech)


Definition :

Financial technology (better known as Fintech) is used to describe new


tech that seeks to improve and automate the delivery and use of
financial services. At its core, fintech is utilized to help companies,
business owners, and consumers better manage their financial
operations, processes, and lives by utilizing specialized software and
algorithms that are used on computers and, increasingly, smartphones.
Fintech, the word, is a combination of "financial technology."

fintech emerged in the 21st century, however, there has been a


the term was initially applied to the shift to more consumer-
technology employed at the back- oriented services and
end systems of established financial therefore a more consumer-
institutions oriented definition

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FINTECH

Understanding Fintech:
Since the Internet revolution and the mobile Internet/smartphone
revolution, however, financial technology has grown explosively.
Fintech, which originally referred to the use of computer technology
applied to the back office of banks or trading firms, now describes
a broad variety of technological interventions into personal and
commercial finance.

Fintech now describes a variety


of financial activities, such as financial services institutions
money transfers, depositing a offered a variety of services under
check with your smartphone, a single umbrella. The scope of
bypassing a bank branch to apply these services encompassed a
for credit, raising money for a broad range from traditional
business startup, or managing banking activities to mortgage
your investments, generally and trading services. In its most
without the assistance of a basic form
person.

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FINTECH

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FINTECH

Fintech Evolution:

Fintech appeared for the first time in 2008, that is, after
the global financial crisis, after the decline of banks and
corruption scandals in them, which led to the emergence
of financial technology companies that took advantage of
the opportunity of the financial crisis that befell the banks
to offer alternatives to the services provided by these
banks?

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FINTECH

Fintech Users

CONSUMERS. FOR BANKS

BUSINESS SMALL
CLIENTS BUSINESSES

As for consumers, as with most technology, the


younger you are the more likely it will be that you are
aware of and can accurately describe what fintech
is. The fact is that consumer-oriented fintech is
mostly targeted toward millennials given the huge
size and rising earning (and inheritance) potential of
that much-talked-about segment.

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FINTECH

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FINTECH

Sources.

1.https://www.investopedia.com/terms/f/
fintech.asp#toc-fintech-users
2.https://ar.wikipedia.org/wiki/%D8%AA
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3.https://hbrarabic.com/
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