FINTECH BASICS

Fintech startups are designed to challenge, and eventually take over, traditional financial services by:

-Being quicker to comprehend -serving an underserved segment of the population -providing faster or better service

Traditional Global Banking

Within Fintech, a majority of the money still lies in the

Fintech Different Sectors Examples

-Education -Retail Banking -Fundraising and Nonprofit -Investment Management

Examples of Fintech

-Stock Trading Apps/Websites -Peer-to-peer lending sites -robo-advisor services -all-in-one personal finance management/budgeting tools -crypto apps

FinTech (Financial Technology)

-new technology that seeks to improve and automate the delivery and use of financial services -utilized to help companies, business owners, and consumers better manage their financial operations, processes, and lives

FinTech Four Categories of Users

1. B2B for Banks 2. B2B for Bank's clients 3. B2C for small businesses 4. B2C for consumers

Crypto

Fintech includes the development and use of

Consumer-orientated services

From 2018 to 2022, there was a shift of

What is Fintech composed of?

Specialized software and algorithms that are used on computers and smartphones

B2B

business to business

B2C

business to consumer

P2P

peer-to-peer lending

When FinTech emerged in the 21st century, the term was initially applied to:

technology employed at the backend systems of established financial institutions, such as banks

The most talked about (and most funded) fintech startups share one characteristic:

they are designed to challenge, and eventually take over, traditional financial services