What Is Fintech, What Does It Do?

• Prioritize digitalization by reshaping traditional financial models. This changes industry dynamics with models such as P2P lending, while making services such as digital payments and mobile banking faster and more efficient.
• Enables financial services to reach a wider audience by putting customer experience at the center with user-friendly interfaces and personalized services.
• Offers financial access through mobile payment systems and digital wallets to people without bank accounts or in areas inaccessible to traditional financial systems.
• Areas of regulatory technology (RegTech) and supervisory technology (SupTech) help financial institutions comply with regulations more easily, while improving the overall health and financial system’s reliability.