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Glossary
Fintech

Fintech

What is FinTech?

The term FinTech (financial technology) describes technological innovation in the design and delivery of financial services and products. It’s a broad category that leverages many different technologies (including Big Data, Machine Learning and AI) to automate and improve upon traditional forms of finance The result: improved outcomes for both consumers and businesses.

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Benefits of FinTech

The growing shift to a digital-first world is forcing several traditional institutions to invest heavily in FinTech applications, solutions and services to reap their benefits.

  • Personalization. Adapt specific financial products and services to meet customers’ evolving needs.
  • Speed and convenience. Offer real-time, 24-hour service round the year.
  • Ease of access, transparency, and lower fees. Enable easy access to transparent, efficient, agile, and simplified operations – all at lower fees.
  • Accurate and secure transaction. Ensure veracity and security of transactions on any device.
  • Financial inclusion and democratization. Improve access and inclusion using a digital platform.
  • New products and services. Rapidly innovate products and services by leaning into technological advances.

Popular Fintech applications

Robo-advisors

Mobile wallets and payment apps

Peer-to-peer (P2P) lending apps

Investment and stock trading apps

InsurTech

Crypto apps

FinTech: Featured content

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Get Your Data Working For Your Business
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Analytics Boosts Customer Retention and Increases Annual Revenue by $1.27 Million for Streaming Media Giant

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Leading Retailer Leans into Customer Interaction Analytics to Improve CSAT by 91%

Customer Journey Mapping

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FinTech related solutions

Empower agents and seamlessly scale processes while reducing costs.

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AI Operations & Bots

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Fraud and Order Management

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