FinTech (also known as Financial Technology) is a catch-all term referring to software, mobile applications, and other technologies created to improve and automate traditional forms of finance for businesses and consumers alike. It refers to the application of innovative technologies to products and services in the financial industry. This has to do with mobile payment apps to complex blockchain networks housing encrypted transactions and so on.The paper looks at the pros and cons of FinTech, the drawbacks and the possible solutions for the benefits of humanity.
FinTech, mobile banking, blockchain, robo-advisors, cryptocurrencies, big data, artificial intelligence (AI)
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