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FinTech – Disrupting finance with Technology By: Harshit Agarwal (Xavier Institute of Management Bhubaneswar)
Financial technology is the application of technology and innovation in the delivery of financial services to compete with traditional financial methods. It is a new industry that makes utilization of technology to enhance financial transactions. Smartphones used for mobile banking, investing, and borrowing is examples of technologies that increase standards of technologies to increase means of technologies aimed at increasing public access to financial services. Financial institutions, Startups, and technology firms are attempting to replace or enhance the use of financial services provided by existing financial institutions. Investment, insurance, trading, banking services, and risk management have been automated using financial technology.
