Fintech Trends Uplifting Financial Services

  1. Mobile Payments: Bank payments are done mostly through mobile with an increasing number of mobile users. So fintech companies are not behind in providing mobile services. Fintech industries developed compatible methods of payments that were both compatible with android and iOS.
  2. Insurance: Insurers are now more aware of measuring and tracking the usage of products.
  3. Investment & Savings: Fintech brought the number of investments and saving apps among customers. Acorns, a mobile-first and banking app, provides creative funding options, round-ups, and purchases connected with cards and simplified other processes.
  1. Software Defined Network (SDN): SDN is a network architecture approach that enables networks to be controlled intelligently and securely through open APIs. Some financial firms store data in the cloud while some use on-premise data storage, SDN makes both types of storage secure and responsive.
  2. Fintech-as-a-Service: Various Fintech companies have started offering their APIs to others in the financial market who allow their developers to build financial apps with security and tested functionality.
  3. Open Banking: This approach allows sharing of financial data electronically and securely under specific guidelines. Data sharing is done only with licensed partners through an open API where they work together for the development of apps and services.

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Techment is a digital catalyst that expedites solution development with high-velocity agile delivery model and in-depth tech expertise for global organizations.

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