Updated 4 years ago by Darshan Patel

FinTech is the use of digital innovation and technology-enabled business model innovations in the financial sector (by existing and new players). It aims to increase customer benefits in terms of usability, efficiency, transparency and automation. FinTech is also commonly used to describe a new player in the market offering innovative financial services, designed in part to disrupt traditional approaches. The term has many different interpretations and is evolving.

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