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Showing posts from July, 2022

FinTech

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Fintech is Technology used to support financial services. The umbrella phrase "FinTech" (financial technology) refers to software, mobile applications, and other technologies developed to enhance and automate conventional forms of finance for both companies and individuals. FinTech in Banking FinTech has a significant influence on all banks and financial organisations. ERP, ATM's,SAP Bookings, etc initially fed by ICT (Information and Communication Technology). FinTech in Banking domain include Alternative Financing which include Crowd Funding, Transactions, Investment Markets and Financial Inclusion. Future of Banking The whole banking sector is changing due to Generation Z and millennials. A rise in innovative banking technologies is reshaping the banking sector as a result of consumers' rising demand to obtain financial services through digital channels.  As a result of growing interconnection and intelligent automation, the Fourth Industrial Revolution, also known...