To say that technology matters would be an understatement, even beyond what we use online. Fintech is a great example, as Robert Jain and other names in finance can agree. Fintech, or financial technology, is meant to advance the ways that we handle financial matters, banking and accounting included. With the following information in mind, you will be able to develop a better understanding of the topic at hand.
Before anything else, it's important to know that fintech is a diverse term, meaning that it can't be applied to a single entity. According to names including Bob Jain, it can be applied to any process, strategy, or application that's designed with the goal of facilitating one's financial matters. It can also be applied to the Internet so that its function can be carried out. In short, fintech is diverse in terms of its meaning.
What are some specific examples of fintech, you may wonder? For starters, look at the variety of financial apps that you can download onto your phone right now, at no cost. Not only have banks released their own programs to make banking easier, but they have been able to implement a number of other useful features, among them the ability to cash in checks in a few simple steps. This speaks volumes about the importance of mobile apps in the digital age.
Another example to be aware of is the litany of payment programs that exist today. These include, but aren't limited to, PayPal, Venmo and Google Wallet. What these do, above all else, is ease the burden of transferring money. They also allow users to receive money from others, whether it's in relation to services, products, or what have you. Needless to say, these types of programs can be classified as examples of fintech.
Fintech is a topic that can be discussed at length, but this should provide a solid starting point to work with. This type of technology has proven itself as useful in the past, and it's safe to say that this will continue to be the case for years to come. After all, technology can only develop, which means that it only helps us in our day-to-day lives even more. In time, we will be able to manage our finances in ways that we may not have anticipated.
Before anything else, it's important to know that fintech is a diverse term, meaning that it can't be applied to a single entity. According to names including Bob Jain, it can be applied to any process, strategy, or application that's designed with the goal of facilitating one's financial matters. It can also be applied to the Internet so that its function can be carried out. In short, fintech is diverse in terms of its meaning.
What are some specific examples of fintech, you may wonder? For starters, look at the variety of financial apps that you can download onto your phone right now, at no cost. Not only have banks released their own programs to make banking easier, but they have been able to implement a number of other useful features, among them the ability to cash in checks in a few simple steps. This speaks volumes about the importance of mobile apps in the digital age.
Another example to be aware of is the litany of payment programs that exist today. These include, but aren't limited to, PayPal, Venmo and Google Wallet. What these do, above all else, is ease the burden of transferring money. They also allow users to receive money from others, whether it's in relation to services, products, or what have you. Needless to say, these types of programs can be classified as examples of fintech.
Fintech is a topic that can be discussed at length, but this should provide a solid starting point to work with. This type of technology has proven itself as useful in the past, and it's safe to say that this will continue to be the case for years to come. After all, technology can only develop, which means that it only helps us in our day-to-day lives even more. In time, we will be able to manage our finances in ways that we may not have anticipated.
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To discover more about finance, please consult Bobby Jain.. Unique version for reprint here: Robert Jain: What Is Fintech?.
