Thursday, 5 April 2018

Robert Jain: What Is Fintech?

By Jason McDonald


Technology has grown to such a degree that we use it for virtually everything in our day-to-day lives. The likes of Robert Jain can agree, which brings us to the topic of fintech. Also known as financial technology, this is a term that refers to the innovation that's meant to facilitate or advance matters related to finance. For those that would like to learn more about fintech as a whole, hopefully the following information will prove to be a collective starting point.

Fintech, for those not familiar with the term, has a number of applications. It can't be applied to a single entity, as it's used to describe any strategy, process, or application that's designed for financial purposes. It can also be applied to the Internet, which makes sense given how prevalent it is in our lives. Fintech is applied to many types of media and reputable names in finance such as Bob Jain will be able to agree.

There are numerous examples of fintech that deserve to be noted, too. One of the most commonly used is banking apps, of which there are many. While their specific functions may vary, the main goal remains the same: to make banking easier for customers. Furthermore, they will be able to check their accounts, send money, and deposit checks from any location they would like. This makes financial matters easier for society at large.

Along with the banking apps covered earlier, there are many programs that are designed for sending and receiving money. Apple Pay, Google Wallet, Venmo and PayPal, the latter of which being perhaps the most well-known, are included in this discussion. They can be used across numerous devices, too. For those that wish to discuss fintech, it would be a mistake to leave programs like these out of the conversation.

When it comes to fintech, these details are some of the most important to keep into account. This type of technology will be able to help you in many ways, not only in terms of saving money but how to manage it in general. You only have so much in the way of funds, so it's important to use them as wisely as possible. Fintech can be used to reach this goal, and it's easy to see that this type of technology will only become more advanced.




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