Financial technology is broadly defined as any technological innovation in financial services. Those engaged in the industry develop new technologies to disrupt traditional financial markets..
From hedge funds like Numerai to personal loan providers like Prosper, financial technology (FinTech) firms are bringing to market new solutions to increase efficiency and inclusiveness in banking and financial services. The potential of FinTech is even greater in emerging markets. Economist Irving Wladawsky-Berger wrote, “For the billions around the world without access to traditional financial services … FinTech could be their ticket to financial inclusiveness and membership in the global digital economy..
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