Financial Insights and Business Intelligence: Fintech Solutions Report

This report examines how Fintech solutions can address financial and marketing constraints, focusing on a case study of a company facing real-world challenges. The report explores how Fintech can aid in solving information technology issues, making informed investment and operational decisions. It provides practical solutions such as utilizing cloud computing for skilled labor and securing funding through venture capitalists. The report further delves into how Fintech can help in making investment decisions by providing market analysis and real-time information, as well as improving operational decisions, particularly in logistics, through technology and vendor services. The conclusion highlights the growing investment in Fintech and its potential to support businesses across various sectors, offering recommendations for effective implementation of these solutions.

Accounting Assignment

Name of the Student:
Date: 14th Dec 2018
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Executive Summary
In the given assignment the case study with relation to Fintech technology has been discussed
with relation to its financial and marketing constraints and the steps that can be taken by it to
improve the same. This is in relation to the project that has already been submitted. Fintech
Companies combines Technology with financing services and help the companies in solving
their financial issues. In this assignment the same has been discussed with respect to the project
that has already been submitted, on how the solutions can be applicable in that case, and some
changes with respect to real solutions have also been done. As we see that there were few
problems that were discussed with the management of the company with relation to few real-
world problems. In this assignment we will discuss how Fin Tech Technology can help in the
same by providing support with relation to solving the information technology issues, making
investing and operational decisions.
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Table of Contents
Executive Summary.......................................................................................................... 2
Introduction.................................................................................................................... 4
Analysis........................................................................................................................ 4
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Introduction
In the given assignment the case study with relation to Fintech technology has been discussed
with relation to its financial and marketing constraints and the steps that can be taken by it to
improve the same. This is in relation to the project that has already been submitted. There have
been major changes in the field of information technology and that has been affecting the
services that the company has been providing to its clients (Abdullah & Said, 2017). As we see
that there were few problems that were discussed with the management of the company with
relation to few real-world problems. In this assignment we will discuss how Fin Tech
Technology can help in the same by providing support with relation to solving the information
technology issues, making investing and operational decisions. The company is in a startup stage
and Fintech can provide them with the necessary help that they require for their operation
(Boghossian, 2017).
Analysis
a) financing (with two real world solutions),
Financing is a big constraint that companies faces when they are in the growing stage finding an
investor that can support their needs and provide them with finance at the terms that they need is
very difficult. Fintech helps in combining technology with finance and with the help of
information technology can solve this problem that many company faces. In this project also, this
company can be very helpful in providing the necessary services that can solve the problem of
financing. The company need finances to support their operations for which they are lacking skill
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labor. So, the first solution would be go for websites that provides cloud computing solution
where the solution is modified as per the needs of the user. These websites provide variety of
services and thus can be helpful in providing skilled labor at cheap prices and solve a major
problem for the company (Charles H, et al., 2015). Most of the changes are done based on the
needs of the user and so the company can rely on them, so they do not have to spend money in
training their labor and that finance can be thus used for more lucrative purposes. The aim should
be to go for such options that can help in reducing the overall financing cost for the company and
support their operations
The second solution would be go through secured channels of financing that includes people
brokers and lenders and venture capitalist that would be interested in investing in the project.
There are many companies nowadays that want to invest in good project so that they can get the
benefits that will reap later. They don’t take any interest also in most of the cases. If we go
through money lenders in the market the charges of interest are very high and then it becomes
difficult to get sufficient amount of finance that is needed. So, the aim should be to go through
venture capitalist that will help in funding the operations and provide their own experience that
will help in the growth of the project and the company. Thus, it is always better to choose such
channels that are more secured than money lenders. Also, if the overall interest rate is low that
would be a great benefit for the company (Coate & Mitschow, 2017). Brokers often indulges in
fraud that would affect the companies very badly and thus they should consider taking these
information which can from reputed sites and opt for venture capitalist so that they have funds
from secured sources.
2.Making investing decisions
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Investment is one of the biggest source of revenue for the company. Money makes money and
that should be what the company should aim for when they are making investing decisions.
Investing requires a lot of market analysis and research and it is not always possible to predict
how the money will flow. This is where the company might fail and then FinTech can help the
company in providing necessary support by which they can decide how they want to invest their
funds and the overall interest revenue that they can reap from such activities of the company.
Fintech Companies can help in getting the necessary information with respect to the movement
of the shares and the stocks and a research about the market and then that can be used by the
company to invest its funds so that the overall profit is high. The main aim of Fintech companies
are combing financing services with technology and investing decisions are one of the major
financing decisions that the companies need to take and so it can be said that if companies opt for
FinTech companies they would get the necessary services and the overall cost would also be less.
In case of real world we see that there are major issues with respect to making decisions about
investments, there are so many investment options available form SIP, to mutual funds, equity,
banks etc. that companies find it difficult to choose one and in that case they opt for such
services that are mostly not secured from unsolicited brokers and thus there arises the need for
technologically advanced solutions that can provide them real time information (Cundill, et al.,
2017). When it comes to trading there are lot of issues involved as real time information is not
available to the companies as a lot of insider trading occurs and thus there arises the need of
secured channels and Fintech Companies can help in solving the same and providing the
necessary information and that would help in solving the problems that are associated with
investing (Johan, 2018). There are lot of insider trading that happens when dealing in shares and
thus that is an issue that should be taken care of, and companies like Fintech helps in eradicating
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the same and helps the company to invest in proper funding that would reap them more interest
in the future.
3. Making Operational Decisions
Operational Decisions are related to the overall business operations of the company and it goes
from taking decisions with respect to day to day operations and taking decisions with respect to
annual movement of the company. The major part of the finances of a company is spent in
supporting its operational decisions and thus it becomes imperative that they are doing the same
with a lot of caution.In case of this company the major problems that it faces is with logistics
which covers securing the raw materials and delivering the finished products to the consumer in
the end. Thus, we see that there are many issues with relation to the operations and get proper
resources that might help in solving this problem of logistics. In this case Fintech companies can
be of help as they can help in getting services of such vendors that can help in solving the
problems by providing technologically advance services to the companies. These vendors use
technology to see the transit of the products from the companies to the end users (Kaufmann,
2017). Fintech helps in getting services of such vendors through cloud computing and other
methods that are economical and in which the overall costing would be less. Logistics can also
helps in saving a lot of cost for this company if they get discounted services. It will also help in
securing the materials as and when required and delivering the same to the customers without
any delays. This will help in improving the confidence of the customers in the product majorly
and will also be helpful to the company. So, when finance meets technology it helps in providing
upgraded services as per this century and so the end user is benefited from the same. In the real
world we see that there are so many issues with relation to logistics and same cause so much loss
to the company and to the customers also (Wellmer, 2018). In real world the companies tie up
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with vendors to provide them with logistic services but there is no third-party involvement in
that, so that is not properly regulated. When companies like Fintech intervene in the same and
provide such services then that is properly regulated, and the companies have better services. It
saves them lot of cost that is associated with logistics and the company will also benefit from the
same accordingly (Kusolpalalert, 2018).
The second solution that can be used provided with respect to operations is the mobility of the
technology so that it is easily accessible to the people who are working for the company in other
locations also. Mobility is important to make the overall delivery faster and customer friendly. It
helps in removing the bugs that might be there in the system. Companies like Fintech helps in
solving this issue they provide cloud computing through which information can be made
available as and when required with the help of advanced technology. It is important that
mobility should be achieved and that is one of the major issue in case of the given company
(Ruth, 2018). Technology is very vital for many companies. In case of real solutions companies
opt for software’s like SAP and Tally where they can save their information and common
networks also through which employees can access the same through different regions. But these
are not always safe and there are lot of issues involved with transition, hence Fintech helps in
solving the same by providing regulated services at reduced prices by managing the movement
of technological services through use of cloud computing services which are secured channels
and thus employees can use that as per their convenience and there can be customized as per the
needs of the company. In the given case also, the company can use such services and customize
it as per their own needs and then can ask the employees to operate on the same to get the best
results (Webster, 2017).
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Conclusion and Recommendations
Based on the overall assignment it can be said that such Fintech companies are great source of
help to many companies and thus we have witnessed that over the years there have been major
investment in them. Global investment in FinTech companies were worth US$24.7 billion in
2016, and it is estimated that increasing investment in the UK FinTech sector would help create
an additional 100,000 jobs in UK by 2020. They are providing and creating jobs for people in all
fields and companies are relying on them to solve their problems that are related to technology
and financial services. So, we see that in this company also as per the project these Fintech
services can be of great help if they are used properly. In case they are not customized as per the
needs of the company then that would not be of great help to the company, so it is important that
when opting for such services the company needs to check that properly. Overall opting for such
services would be a great help to the management and the company in all ways possible.
Information Technology has solved a lot of issues and it is in a growing stage and companies
should try to take full advantage of the same and try to incorporate the same in their services and
actions. It is also important that the company should evaluate the overall pros and cons of
choosing such companies to support their services and should always go for long term validation
and that would help them in the long run. Overall, we see that the success of the company
depends upon the decision of the management.
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