Finance and trade – technologies behind

Finance and trade are among many sectors that have been subject to significant transformation thanks to digital technologies. Usage and implementation of digital, high-tech solutions to the world of trading and finance are called FinTech. FinTech refers to companies, fxcess reviews, usually startups, that operate in ​​technological innovation applicable to financial, banking, and trading services. The first FinTech solutions have been around since 70′ with the first electronic stock exchange Nasdaq, Visa payment system, and Misys, a pioneer software provider for the financial sector, developed in 1977. 

A Fintech’s role is to offer both the general public and professionals simple, user-friendly, efficient, and low-cost services, such as prepaid bank cards, bankless accounts, or 100% mobile neo-banking.

FinTech is everywhere

The term FinTech alone combines the terms “finance” and “technology.” Today, it usually represents an innovative startup using technology to rethink financial and banking services. FinTechs are generally focused on digital, mobile applications, or artificial intelligence. Since their arrival, the banking systems and trading processes have been severely disrupted. Moreover, the banking market itself is now conducive to the installation and development of FinTech

FinTech is now everywhere. It is a real challenge in terms of innovation, growth, and even employment worldwide. FinTech is responsible for making finance much simpler and more accessible at the same time. It offers better quality and less expensive services. Marketech is dedicated to simplifying the stock markets and make it easier to invest in stocks and trade online.

The different FinTech areas

In 10 years, the financial sector has undergone many more changes than in 200 years. FinTechs are now present in all areas and continue to develop, whether for loan savings management for individuals, for business financing, or even online payment. The use of FinTech is growing significantly.

New technologies have brought about changes in every possible area. The first, which is also the most popular, brings together “crowdfunding” or participatory financing activities. With this method, participants have the opportunity to finance business or artistic creation projects. It is possible to carry out the financing in the form of a donation, a loan to SMEs (called crowd lending), or even participation in the company’s equity. Thanks to crowd lending, it will be possible to apply for consumer loans or even lend money without resorting to bank assistance.

Thanks to FinTech, trading on financial markets has never been so easy and accessible to the ordinary public. The online Forex brokers generally rely on MetaTrader 4 trading software so that trading online is now at the fingertips of anyone willing to invest and start trading. 

Virtual currencies are also part of the different families. The best known is the Bitcoin system. But other currency exchange systems have developed a lot on the social network Facebook, the virtual game Second Life, or even the Linden Dollars.


Electronic payment is also one of the FinTech sectors. It involves payment on smartphones and the Internet, at merchants, or on e-commerce platforms. This list is also far from exhaustive since the number of FinTech continues to increase and develop. Besides, you should know that you use FinTech every day without even necessarily knowing ttactics it.

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