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.
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.
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What is fintech technology?
Financial technology (Fintech) is used to describe new technology that seeks to improve and automate the provision and use of financial services. Fintech, the word, is a combination of financial technology.
Who regulates fintech companies?
Fintech, like all US financial services. UU.
When was the term fintech first used?
It is said that the term fintech was coined in 1993, but it didn't become a household name until Internet banking became mainstream. In the 1990s, fintech simply meant new technologies that improved financial processes.
Can intellectual property be patented?
A patent is an exclusive right granted to an invention. Generally speaking, a patent gives the patentee the right to decide how, or if, the invention can be used by others.
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