Question 1

What are examples of Fintech?

Accepted Answer

Crowdfunding Platforms. Companies like Kickstarter, Patreon, GoFundMe and others illustrate the range of fintech outside of traditional banking. ... Blockchain and Cryptocurrency. ... Mobile Payments. ... Insurance. ... Robo-Advising and Stock-Trading Apps. ... Budgeting Apps.

Question 2

What is a banking platform?

Accepted Answer

platform-based. banking. In response, EY recommends that banks explore the concept of platform-based banking. A banking platform establishes standards for third-party FinTech developers to build products and services on behalf of bank customers while allowing the banks to deliver a unified banking experience.

Question 3

Is Blockchain a FinTech?

Accepted Answer

Innovative Technologies. The difference between Blockchain and Fintech. Blockchain plays a key role in Fintech innovations, however it is not the same thing, it is simply a factor in the equation. Both Blockchain and Fintech have the potential to change how financial institutes and various industries currently operate

Question 4

What does a Fintech company do?

Accepted Answer

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"

Wiki Fintech

Tag: fintech

Wiki Fintech – Financial Technology (Fintech)