The initial stage lasted from the formation of the Internet in the late 90s and up to the 2008 crisis. At this time, online payments and related infrastructure became the main model. Significant companies of this era are the current largest fintech companies in the world – PayPal (valuation – $ 50 billion) and Ant
Introduction Before starting a fintech startup (however, like any other project), you need to understand what difficulties you will face. Don”t underestimate the rate at which your product is perceived by customers. It often happens that the end user is forgotten when developing the “perfect” product, which inevitably leads to problems after the product is
InsureTech is an insurance offering automated products: mobile apps, payout automation, IoT interactions. For example: US auto insurance companies sell insurance on a “telematics” basis. This is when the client’s driving style is controlled using his smartphone or a “black box” installed in the car itself. This information can be used to form the payment
What is FinTech? (financial technology) – Technologies that help financial services and companies manage the financial aspects of a business. These include: software, applications, processes and business models. Fintech also refers to an industry where companies use new financial technologies and solutions to compete with traditional financial institutions for the hearts and funds of customers.
The word fintech is increasingly being heard in the media and conversations of IT professionals. The fact that this term is used often does not mean that its meaning is quite clear to many – even to high-tech experts and knowledgeable entrepreneurs. Because of what it happens that this concept is used out of place.