Banks and other financial institutions recommend financial planning and trading applications through smartphones and social media; cloud technologies are now commonly accepted, and in many cases, robotics are already dipping cost and escalating quality.
Against the traditional financial services
Since the fiscal year 2011, the number of start-up companies in the fintech industry has grown to more than 50 percent. Fintech industry comprises of those companies that are technology-based and compete against the traditional financial services.
More and more consumers are moving towards the digital currency, as in the case of Paytm, digital deposits and even investing. So this is making the entire industry change its way of doing things and rethinking the entire concept of what digitalization means.
This story is from the November 2017 edition of Mad About Money.
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This story is from the November 2017 edition of Mad About Money.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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