You’re here to know how FinTech makes money. But do you know the different types of FinTechs, and the answer to why is FinTech so popular? New business models have emerged in the Finance industry as new entrants (FinTechs), taking over the traditional banking and finance infrastructure. This article will answer all your questions related to FinTechs.
The world is moving towards a cashless economy with a faster pace of financial innovation. Banking and financial institutions are extensively using data analytics to digitize operational processes. Similarly, the customers are prioritizing digital convenience over traditional financial services.