The Scoop on FinTech

The rising wave of startups in the financial technology domain (known as FinTech for short) are among the fastest-growing sectors in modern business. FinTech startups are disrupting and revolutionizing various parts of the financial domain such as digital banking, peer lending and payments, wealth management and robo-advisory, and perhaps most famously in recent times — blockchain & cryptocurrencies. Although startups in this field may face many regulatory barriers and sociatal scrunity (which are typical with any “innovative” money dealings), opportunities still exist for entrepreneurs to create such solutions that can simplify the financial system while also generating useful insights from big-data analytics.

fintech and big data