Basic everyday activities like logging onto your bank’s website to check your balance, applying for a car loan online, or contributing to a great looking crowdfunding campaign may not seem like anything special, but they’re all part of a relatively new field called FinTech.
A combination of the words “financial” and “technology,” the FinTech sector has grown exponentially in the past decade, and it’s poised for even more growth in the near future.
The companies in the FinTech field all exist to make our lives more convenient by streamlining the way we handle and manage our money. Gone are the days of mailing in transfer requests, sitting in a bank office waiting for loan approval, or phone calls to a busy stockbroker to buy and sell your investments.
By adding in digital technology (and the requisite security, of course), FinTech makes old processes easier and introduces the possibilities for all sorts of new ones.
It’s a lot to take in, which is why our friends at appcessories.co.uk have created this FinTech infographic by restyling Venturescanner Datas and Graphics. Take a look, and you’ll learn about the different types of FinTech companies, where they’re located, and how the money is moving around this burgeoning sector.