FinTech, also known as Financial Technology, is a portmanteau of financial technology which englobes a better user interface for financial services and products. The concept of FinTech goes back to 1950 when conventional banking transactions were getting replaced by technological banking. The industry has further evolved since then in the form of Credit Cards, Robo-Cashiers (ATMs) and E-Trade. It got hold of its significant meaning after the financial crash of 2008, when the policymakers were focusing on recovering from the economic loss whereas the customers extensively started using technology in their day-to-day life. This created a gap between the banks…
Author: Chi Le, Rashi Behani, Shashank Bakliwal, Shahana Doolull, Tanushree Kumar
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