Fintech Financial Technology Assignment

Added on - 15 Apr 2020

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Running head: FINANCE – FINANCE TECHNOLOGYFinance – financial technologyName of the studentName of the universityAuthor note
1FINANCE – FINANCIAL TECHNOLOGYTable of ContentsFinTech......................................................................................................................................2Future of FinTech.......................................................................................................................2Services provided by Fintech.....................................................................................................3FinTech segment /categories v/s bank.......................................................................................3Competition of Fintech with banks............................................................................................5Whether FinTechs are now being acquired by banks or they are competing with banks andwhether it is a positive development..........................................................................................5Regulation of FinTech firms......................................................................................................6Effect of FinTech on Existing Financial Institutions.................................................................6Advantages and disadvantages of FinTech................................................................................6References..................................................................................................................................7
2FINANCE – FINANCIAL TECHNOLOGYFinTechFinancial technology or Fintech industries are the technology enabled organizationthat offers the financial services and the organizations that provides the direct technologyservices to the financial institutions (Bunea, Kogan & Stolin, 2016). The fintech entitiesemploy the technologies for supporting the financial transactions between the consumers andbusinesses. Various factors like changing in the demand for the financial products,technological advancements and the rising competitions in the financial services areincreasing the demand for fintech investments that drawn the attention in this industry in therecent years.Future of FinTechPredicting the future is the most challenging job, however, most of the forecastsregarding fintech will agree on one thing that the future of fintech will be more radical,significant and changes will take place due to rapid development with regard to rapid sharingof knowledge, information technology and developments. However, the future of fintechindustries are predicted as follows –Expanding scope – throughout value chain the fintech entities expanded in more thanthirty various financial services. It will enhance the competition among the traditionaladvisors for finance and the robo-advisors as the fintech firms are getting involved inthe ancillary services for finance and the advisory services for the offerings of coreproducts.Requirement in fund diversity – the fintech firms are now employing the wide rangeof business models that will target the wide range of customers.
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