Financial Technology (FinTech) innovations are transforming almost every aspect of the financial sector. In today’s digital age, people demand quick and easy ways to manage their banking, make transactions and run their business using online and mobile technology platforms.
What The Heck Is FinTech?
FinTech is short for Financial Technology. It refers to the technologies used to support or enable banking and financial services. FinTech companies are leveraging technology to disrupt traditionally slow and complex industries to create better financial solutions for individuals and businesses.
FinTech is transforming when, where and how people are doing business. As a business owner, it’s important to pinpoint the FinTech solutions that will increase your business’ efficiency—such as smart accounting and payroll solutions—as well as the technologies that will enhance your customer’s experience, such as a portable card readers.
Check out our Small Business Guide to FinTech (below)!