FinTech: Technology that Transforms Finance
FinTech: Technology that Transforms Finance FinTech blends software, data, and financial services to transform how people spend, save and invest. From mobile apps to cloud platforms, technology makes finance faster, cheaper, and more accessible for individuals and small businesses alike. This shift supports financial inclusion by lowering barriers for new entrants and enabling cross‑border services. Core technologies include cloud computing, application programming interfaces (APIs), and data analytics. The cloud lowers costs and scales services; open APIs let banks, fintech apps, and merchants connect, building new experiences for customers. APIs enable modular services like instant identity checks, financing as a service, and embedded finance in everyday apps. Cloud offerings also strengthen compliance and data protection through unified tools. ...