Fintech Whitepapers – 3 Things You Need To Know

Article originally published at Forex Alchemy

Fintech may sound like something from a sci-fi movie but it’s actually just two very normal words squished together into a fancy portmanteau. It stands for ‘financial tech’ and refers to the way businesses use technology to deliver their financial services.

The internet, for example, made banking ‘cool’ and enabled people to manage their finances on the go. Indeed, 40% of UK adults now use banking apps, with about 30 transactions taking place every second. The question is: how have innovative technology-based concepts become mainstream over the years? And, what makes change easier to accept?