Fin Tech
New technology always rings a few bells. Technology is important for making lives better though. Dnes, technology has modernized nearly everything in this world, but the financial sector hasn’t undergone any drastic changes. However, nové koncepce pro integraci finančních technologií jsou vyvíjeny,,en,nejznámější z nich je Fin-tech,,en,Tento koncept je adoptován mnoha významných finančních institucí a je rychle získává vliv s lidmi,,en,budeme vědět více o Fin-tech a know pochopit, proč je Fin-tech stále tak populární mezi masy,,en,Co je to Fin-tech,,en,Pod pojmem „Fin-tech“ je ve skutečnosti zkrácená forma slova „Financial Technology“,,en,Tento koncept má za cíl umožnit efektivní integraci informačních technologií a průmyslu financování,,en,nadnárodních společností by použila Fin-tech pro správu svých financí na první pohled,,en,Start-up byl opatrný s touto technologií,,en, the most famous of them being Fin-tech. This concept is being adopted by many major financial institutions and is quickly gaining leverage with people. In this article, we will know more about Fin-tech and know understand the reason why Fin-tech is becoming so popular amongst the masses.
What is Fin-tech?
The term “Fin-tech” is actually the short form of the word “Financial Technology”. This concept aims to allow the effective integration of information technology and the industry of financing. This concept employs the use of various devices for this, one of the most famous being online payment and banking technologies. Originally, Fin-tech was used only by large organizations for handling large-scale financial operations, but recently a great shift in this trend has been observed. Nowadays, small companies and even certain one-man start-ups are using Fin-tech systems for managing their finances. These start-ups are finding Fin-tech to be a great investment for their business. Also, these trends aren’t expected to change anytime soon at all. Fin-tech systems include technology like online payments, digital wallets and online money transfers.
What paved the way for Fin-tech’s fame?
Fin-tech, believe it or not, wasn’t this famous at and sometime after its conception. Only the very big, multinational companies would use Fin-tech for managing their finances at first. The start-ups were wary of this technology, jak to bylo relativně novější a nemohli si dovolit riskovat celý svůj finanční systém pro nové technologie,,en,jak plynul čas,,en,začali vidět praktičnost nového systému,,en,Nový systém rovněž těžil ze zlepšení v oblasti sociálních médií a reklamní technologie,,en,který se postupně zvýšilo svou efektivnost,,en,Dalším mezníkem pro tuto technologii byl,,en,Globální finanční krize,,en,který dal docela lekci velkých podniků a menších podobní,,en,Tyto faktory umožnily průmysl Fin-tech vzestupu, aby se stal musíte mít technologie pro správu financí ve výši moderní éry,,en,Mnoho malých start-up začal používat Fin-tech, protože jejich hlavní systém finančního řízení,,en,najdete mnoho začínajících firem, které se staly velmi úspěšný díky těmto systémům,,en,Příklady zahrnují OnDeck,,en,půjčování Club,,en,Square a Braintree,,en. However, as time passed, they began to see the practicality of the new system. The new system also benefitted from the improvements in social media and advertisement technology, which gradually improved its efficiency.
Another turning point for this technology was the 2008 Global Financial Crisis, which gave quite a lesson to big businesses and smaller ones alike. These factors allowed the industry of Fin-tech rise to become the must-have finance management technology of the modern-era. Slowly, many small start-ups began using Fin-tech as their main financial management system. In fact, you can find many start-ups that became very successful due to these systems. Examples include OnDeck, Lending Club, Square and Braintree.
Fin-tech – Jak vzhled údajů a její analýza,,en,Fin-tech není ještě zcela posunut platebních metod tradiční debetní,,en,oni jsou stále používány ve velké míře a jejich využití dokonce roste,,en,využití metod financování Fin-tech založených roste ještě rychlejším tempem a data také ukazují, že tyto systémy by mohly zcela nahradit tradiční způsoby platby v příštích letech,,en,téměř,,en,lidí, mezi věkové skupině,,en,let využili Fin-tech systémy, jako je on-line platby alespoň jednou v životě,,en,o,,en,předloženého dospělé populace používá tyto systémy v jejich životě,,en,Je to hlavně kvůli tomu, že on-line platba jim dává hodně soukromí,,en,as jejich debetní a kreditní záznamy nejsou vystaveny s prodávajícími,,en
Fin-tech hasn’t still completely displaced traditional debit payment methods. In fact, they are still being used extensively and their usage is even increasing. However, the usage of Fin-tech-based finance methods is growing at an even faster rate and the data also shows that these systems might completely replace traditional payment methods in the coming years. For example, almost 78% of people between the age group of 18-34 years have used Fin-tech systems like online payment at least once in their lives. Also, about 65% of the present adult population has used such systems in their lives. This is mainly due to the fact that online payment gives them a lot of privacy, as their debit and credit records are not exposed to the sellers.
Další oblastí, kde je používání Fin-tech výrazně rozšířil je oblast peněžních převodů,,en,Často lidé mají převádět peníze urychleně a bezpečně na jinou osobu,,en,Online Money přenášení služby jsou stále velmi populární díky své spolehlivosti v těchto oblastech,,en,Co kamenných obchodů,,en,Bohužel, ačkoli,,en,Růst on-line transakcí a jiné metody Fin-tech je mnohem pomalejší v cihla-a-malty obchodech,,en,Je to stále velmi vzácné vidět malý obchod nabízet online platebních systémů pro své zákazníky,,en,Míra nízkých přijetí Fin-tech služeb kamenných obchodech může být jednou z hlavních příčin, proč se on-line transakce nebyla zcela dominovala finanční trh teď,,en,Hlavní příčinou může být skutečnost, že přijetím Fin-tech systémy pro financování vyžaduje určitý hardware,,en. Often people have to transfer money urgently and securely to another person. Online money transferring services are becoming very popular due to their reliability in these fields.
What about physical stores?
Unfortunately though, the growth of online transactions and other Fin-tech methods is much slower in brick-and-mortar stores. It is still very rare to see a small shop offering online payment schemes for its customers. In fact, the low-adoption rate of Fin-tech services by physical stores may be a leading cause of why online transaction hasn’t completely dominated the financial market by now. A major cause of this may be the fact that adopting Fin-tech systems for finance requires certain hardware, software a odborníci,,en,která by mohla být ekonomicky neproveditelné pro malé a střední podniky,,en,Ale i to se mění nakonec i nové pokroky v technologii se postupně snižují investice nutné pro to,,en,Jak je Fin-tech vliv na bankovní sektor,,en,Dalším významným průmysl, který Fin-tech se pomalu nahrazovat je bankovní sektor,,en,Různé platební a přenosu metody, které Fin-tech se zavádějí se ukázala být velmi užitečný protějšek tradiční bankovní metod,,en,v případě, že spotřebitel má kreditní kartu si chce koupit něco v obchodě,,en,on nebo ona bude muset najít v okolí Bankomat odstoupit peníze a pak koupit požadovaný objekt,,en,Ale s metodami Fin-tech,,en,jeden může snadno koupit objekt s pomocí digitální peněženky,,en,aniž by opustil svůj dům,,en, which might be economically unfeasible for small businesses. But even this is changing eventually as new advancements in technology are gradually reducing the investments required for this.
How is Fin-tech affecting the banking industry?
Another major industry that Fin-tech is slowly replacing is the banking industry. The various payment and transfer methods that Fin-tech is introducing are proving to be a very useful counterpart to traditional banking methods. For example, if a consumer having a credit card wants to buy something from a store, he or she will have to find a nearby ATM to withdraw the cash and then buy the desired object. But with Fin-tech methods, one can easily buy an object with the help of a digital wallet, without even leaving their house. Digital wallet providers such as PayPal are being increasing used by the general public to buy in stores or send money directly to another person’s wallet or account. Also, they can be used for getting other services too.
Can Fin-tech revolutionize money itself?
One of the biggest and most innovative impacts of Fin-tech is the invention of cryptocurrencies. Nearly everyone knows about cryptocurrencies nowadays. Cryptocurrencies like bitcoins are revolutionizing how people look at money itself. They are very secure as they are digital, and cannot be stolen easily. Also, they are very convenient to use due to their uniform exchange rates, allowing them to be used all around the world. Cryptocurrencies are also allowing businesses to be conducted easily all around the globe. Another feature of cryptocurrencies like bitcoins is that due to the fact they are digital, they don’t need expensive metals and other resources to be manufactured.
Fin-tech is really revolutionizing business, trading, finance and even the whole concept of money. In this world where modernization is the key to survival, Fin-tech is the key to the modernization of the financial field. The field of finance has been dormant for a long period of time, but now is the time to change. However, businesses will also have to keep up with times so that they don’t fall behind their competitors.
