What is a Fintech Company?
Gone are the days when people stood in long queues outside banks, post offices, cooperative societies for different financial services. With the turn of the century, a lot of progress has been made in terms of how we manage our finances. The word Fintech means Financial Technology. It covers an array of software that automates a lot of financial transactions such as lending, payments money transfer, etc. and allows businesses to utilize modern technologies for such services. It is also quite appealing to the millennial customer base. These tech-savvy customers prefer digital lending platforms way more than traditional procedures due to the reduced transaction time that also offers accuracy.
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