15 Things You Didn’t Know About the Fintech Industry

It’s fast become one of the big buzzwords in business and technology. It’s one of the hottest properties to invest in.
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In this Alux.com video we will be answering the following questions:
What are 15 Things You Didn’t Know About the Fintech Industry?
What is a Fintech company?
What are examples of Fintech?
Will FinTech replace banks?
Why FinTech is the future?
Is Fintech a good industry?
How does a Fintech work?
Is the fintech industry profitable?
What is the next big development in FinTech?
What are the biggest challenges for the FinTech industry in 2020?
How big is fintech industry?
How is the fintech scene in Asia?
How is the fintech scene in USA?

00:00 – Intro
00:40 – Traditional banks are worried about it.
01:39 – The term includes sectors you probably didn’t think were Fintech.
03:08 – It’s lifted millions of people out of extreme poverty.
04:06 – It’s revolutionising the loans market.
04:56 – They could make traditional credit ratings obsolete.
05:37 – Cybersecurity is still a big concern.
06:57 – Investment in Fintech is going up exponentially.
07:33 – The word Fintech originally described the back-end technologies of traditional banks.
08:12 – It’s a huge user of machine learning.
09:00 – and other new technologies too.
09:38 – They can improve your spending decisions.
10:19 – The world’s biggest Fintech is a subsidiary of Alibaba.
11:08 – Asia is the biggest consumer of Fintechs.
11:32 – but the USA is the biggest producer.
12:08 – Fintech is known for its relaxed work ethic.
12:35 – Question

#alux #money #fintech

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