Here's How Fintech Is Disrupting the Finance World

Visual Capitalist  |

The market for fintech, or financial technology software, was one of the hottest sectors in 2015.

The time is ripe for financial innovation: new technologies are helping end users to skip past gatekeepers and intermediaries to customize their use of financial products. Meanwhile, many of the same technologies are also erasing the inefficiencies of banks and other financial institutions to cut costs in ways the industry never deemed possible. Lastly, innovations such as the blockchain are changing the way banks approach their most basic mechanisms – as a result, even the most fundamental practices in banking are evolving.

Payments, personal finance, P2P lending, insurance, digital banking, equity crowdfunding, smart contracts, and digital currencies are just some of the areas that are of interest in the fintech landscape.

Financial Innovation Via Technology

There’s heavy competition in the fintech space and no shortage of moving parts. However, this infographic from DealSunny helps to put most things in perspective.

(Note: we did notice a lack of information on blockchain tech here, but otherwise it is a good introduction.)


DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

GTX Corp

GTX Corp, along with its subsidiaries, is engaged in design, development, manufacturing, distribution and sales of products and services in the GPS and BLE wearable technology personal location and wandering…