Whenever you think about going to the bank to solve any problem, you imagine long lines, an absurd wait, high levels of stress, everything against you and, in the end, you almost give up on going, but unfortunately, you have a problem that only a trip to the bank can solve. And you end up going to the bank, going through all this, only to have to go back another day because you forgot something or you will have to wait five business days.
Can you relate to this situation? Well
if you haven’t been through this, someone close to you certainly has, and it’s a real torment. The ideal thing would be to create something that would put an end to all this bureaucracy, wouldn’t it?
And isn’t it true that they’ve already invented it and more and more people are using this technology? Have you ever heard of fintech? No? Then stick around and learn everything about this term and the practicality it brings to your apps.
What is fintech?
Fintech is a term that comes from the combination of the words financial and technology. Fintech is a startup, a company that works to innovate and optimize services in the financial sector.
These companies have much lower operating costs than traditional banks. And this is only possible because they are able to use technologies that increase the efficiency of processes.
Considering that the organization
The term is to be a company that uses intensive technologies to offer products in the financial area, fintech has as its main mission the innovation and optimization of financial processes. Using technology, its objectives are to implement new products and processes, or even improve those that already exist.
In a way, fintech has already been causing some discomfort for traditional banks. Although they cannot sweden phone number data reach the same volume of transactions, they offer more options to consumers. In addition, these companies are able to provide better services and at lower costs than other banks.
With a focus on technology, fintechs offer less bureaucracy, do not work with as many products, and are infinitely more specific. They offer consumers new solutions, such as credit cards with no annual fees.
What services does the fintech offer?
Fintechs in Brazil offer services such as:
Digital bank account – with fintechs, a person’s checking account, whether an individual or a legal entity, can the real estate agent scans be digital. Without bureaucracy, it has all the features of a traditional account. You only need to be connected to the internet to make any financial transactions you want.
Loans – one of the services most bz lists sought after by banks and which is beginning to be modified by the use of fintechs are loans, which can now be requested entirely online.