Get Started Today!  (415) 295-4898

croom new

415 IT Blog

Explaining FinTech and How It Allows You to Take Control of Your Financial Health

Explaining FinTech and How It Allows You to Take Control of Your Financial Health

Technology improves a lot of things, especially when it is used to make something that is usually time-consuming and difficult less so. One aspect of life that is changing rapidly is the financial services sector. Finance, banking, insurance, and other industries that would be tabbed as financial services have embraced mobile technology for its ease of use and efficiency. The development of computer applications that make it easier to invest, diviest, and manage financial services and money are becoming prevalent throughout society. Let’s take a look at FinTech.

What is FinTech?

Short for Financial Technology, FinTech is the establishment of financial services that individuals can use to take care of their finances. Over the past few years more options have been developed that free people up from having to depend on high-fee services to manage their financial health. Additionally, FinTech is being used by established financial institutions to help provide customers value by enhancing their ability to have access to financial instruments and services in a secure online format. 

Initially, FinTech was used by financial institutions to more efficiently manage financial institutions’ back end systems. As the industry expanded, however, most applications created today are designed with the customer in mind. If you want to manage your bank account, your credit card, your insurance, or your stock portfolio online, you are using FinTech.

What FinTech Services Are There?

Over the past decade more and more FinTech applications have been developed. There are mobile banking apps, there are apps used to quickly send payment to retailers and other individuals, there are even apps that allow users to take complete control of their investment portfolios. The most popular form of FinTech are the mobile payment apps PayPal and Venmo (a subsidiary of PayPal).

Other forms of FinTech have been steadily emerging. Today there are crowdfunding platforms like Kickstrarter and GoFundMe that are used to fund projects of all kinds. All these apps operate outside of the traditional banking structure. Cryptocurrency has become a popular investment, so a whole application ecosystem has popped up. Additionally, applications using blockchain technology to manage financial transactions are considered FinTech.

FinTech is Not Only For Individuals

Nowadays, businesses can take full advantage of FinTech, as more developers are creating tools designed to be used by businesses. Companies can take advantage of these digital tools to secure loans and access financial resources needed to keep business moving efficiently. Many FinTech integrations can be found in today’s most dynamic management platforms, allowing businesses to interact with financial institutions, pour through financial data, and more. By keeping a finger on the pulse of your organization’s finances, without it costing you a lot, you will be able to tighten up your business’ finances, and let its money work to improve operations and your ability to make strategic investments.

Technology is playing a massive role in the way business works. If you would like to learn more about FinTech and what options are available to your business in this space, call the IT experts at 415 IT today at (415) 295-4898.

Tip of the Week: Simple Fixes to Common Android Is...
Cloud Costs Could Undermine Your Efforts


No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Monday, September 21 2020

Captcha Image

By accepting you will be accessing a service provided by a third-party external to

Mobile? Grab this Article

QR Code

Tag Cloud

Security Tip of the Week Productivity Technology Best Practices Business Computing Data Data Backup IT Support Network Security Privacy Hosted Solutions Cloud IT Services Data Recovery Efficiency Internet Email Software Business Managed IT Services Malware Outsourced IT Innovation Small Business Google Business Management Tech Term Cybersecurity Collaboration Hackers Cloud Computing Hardware Upgrade Phishing User Tips Business Continuity Computer Windows 10 Microsoft Managed Service Mobile Devices Smartphone Workplace Tips Communication Mobile Device VoIp Quick Tips Android Ransomware Disaster Recovery Paperless Office Backup Managed Service Provider Smartphones Communications Encryption Covid-19 Business Technology Saving Money Remote Work Browser Server Data Management Office 365 Network Remote Monitoring BDR Managed IT Vulnerability Users Social Media Healthcare Internet of Things Compliance Passwords Holiday Windows 7 Artificial Intelligence Wi-Fi Document Management Help Desk Save Money Facebook Applications Blockchain Miscellaneous Laptops Microsoft Office Managed IT services Data Security Chrome Government Bandwidth Antivirus Two-factor Authentication Redundancy Scam Office Automation Virtualization Processor Employer-Employee Relationship Tip of the week Information Vendor Management Project Management Analytics Avoiding Downtime Health Customer Relationship Management Data Loss Router Storage Maintenance BYOD VPN Machine Learning Employee-Employer Relationship Website Infrastructure Files Access Control Software as a Service Company Culture Apps Virtual Private Network Mobility Windows Regulations RMM IoT Mobile Office IT Management Gadgets Hard Drive Proactive Training Meetings OneDrive Co-Managed IT Remote Worker Network Management Alert Financial Flexibility Remote Monitoring and Management Mobile Security Bring Your Own Device Operating System Consultation HIPAA Utility Computing Unified Communications Electronic Health Records Employees Password Time Management Consulting Downtime Gmail Networking Instant Messaging The Internet of Things Cooperation Search Risk Management Money Recycling Unified Threat Management Data Storage Managed Services Provider Net Neutrality Remote Workers File Management Social Network Tablet Payment Cards Dark Web Augmented Reality Internet Exlporer Smart Technology Word Server Management Computing Information Technology Patch Management Data Breach Management File Sharing Monitoring Professional Services Assessment Managed Services OneNote Permission Comparison Licensing Database Management App Shared resources Going Green Outsource IT Identity Theft Enterprise Resource Planning 5G Mobile VoIP Remote Geography Features Data Warehousing Settings Personal Information Outsourcing Techology Cache Authorization Technology Tips Peripheral SaaS Social Networking Distributed Denial of Service Virtual Assistant Bitcoin IT Politics Legislation Manufacturing Vendor How To Test Specifications GDPR Optimization Screen Reader Private Cloud Batteries Laptop Technology Laws Identity Wireless Internet Big Data Touchscreen Banking Emergency Hacking Multi-Factor Security Modem High-Speed Internet Procurement Operations Transportation Active Directory Video Conferencing Outlook Disaster Resistance Remote Computing WPA3 Digital Payment Hotspot Smart Devices PCI DSS Printer G Suite Managed IT Service Wasting Time Current Events Business Telephone Tech Support Mobile Black Friday Virtual Machines Smart Tech Bookmarks ROI CIO applications Remote Working Heating/Cooling Unified Threat Management Employer/Employee Relationships Apple Trending Development Cyberattacks Social Windows Server Biometric Shortcut Proactive IT Fleet Tracking Zero-Day Threat Mouse Language Hard Disk Drives Sensors Statistics Motherboard Chromebook Mobile Device Management Break Fix Database IT Assessment IT Technicians Cost Management Customer Service Wireless Cyber Monday Staff Notes Credit Cards Lenovo Connectivity Favorites Permissions Budget Servers Computing Infrastructure Proactive Maintenance Solid State Drive Samsung Cookies Cables Read Only Security Cameras Microsoft Excel User Management Gamification IT Consulting Migration eWaste Asset Tracking Backup and Disaster Recovery Solid State Drives CRM Bluetooth SharePoint Vulnerabilities Point of Sale Tech Terms Voice over Internet Protocol Projects Digitize Recovery MSP Finance Managing Stress PowerPoint Display Computers Superfish Conferencing Google Calendar Fraud Value of Managed Services Mail Merge User Error Alerts Cybercrime Cyber security Windows Server 2008 Nanotechnology Wires Printing Teamwork Chatbots Human Error Options Telephone Content Filtering Downloads Mobile Computing E-Commerce Theft Virtual Reality Return on Investment Shadow IT Mirgation Authentication Travel Websites WiFi Spam Enterprise Content Management Electronic Medical Records Firewall Holidays Wearable Technology Star Wars Address Regulation Education CEO Students Twitter Daniel Stevens Printers Marketing

Latest Blog

Did you know that, as of July 2020, 69 percent of global desktop Internet users utilized Google Chrome as their browser of choice? With such a large market share, the security associated with Google Chrome is important to keep in mind. To help increase some of this awareness...

Latest News

We are proud to announce that 415 IT and our CEO, Daniel Stevens, were recently featured by CIO Applications. We discussed how and why we serve our clients, as well as some sneak peeks for our future. Read our interview by visiting:  https:...