Financial Technology, often abbreviated as FinTech, refers to the integration of technology into offerings by financial services companies to improve their use of financial services. It encompasses a broad range of applications including online banking, mobile payment apps, robo-advisors, blockchain technologies, and cryptocurrencies. FinTech aims to enhance the efficiency, convenience, and accessibility of financial services for consumers and businesses. It represents a shift away from traditional banking methods, creating new financial products and services that often leverage innovative technologies such as artificial intelligence, big data, and cloud computing. As a rapidly growing sector, FinTech enables a more seamless and user-friendly approach to managing financial transactions, investments, and planning.
# A Revolution in Payment Systems The landscape of global payments is undergoing a radical change, driven by a new wave of consumer behavior. Today’s consumers are not just demanding—they…