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What is FinTech?

Overview

The emerging convergence of financial services and technology is referred to as financial technology (FinTech). Startups, software giants, and even legacy services are all included. We explain what FinTech is, where it's going, and how to take advantage of it.



WHAT IS A FINTECH COMPANY?


Fintech firms incorporate cutting-edge technology (such as artificial intelligence, blockchain, and data science) into conventional financial services to make them smarter, quicker, and more profitable. Fintech is one of the fastest-growing innovation industries, with startups innovating in almost every aspect of finance, from transfers and deposits to credit scoring and stock trading.


How does fintech work?


Fintech is not a modern industry; it has simply developed at a rapid pace. If it was the advent of credit cards in the 1950s or ATMs, electronic trading floors, personal finance applications, and high-frequency trading in the decades that followed, technology has already been a part of the financial landscape to some extent.


Invitation

If you are looking for accountants in London, you don’t need to look further. With ACCOTAX, you will surely be in safe hands.

0800 644 1258

info@accotax.co.uk



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