ENTREPRENEUR HANDBOOK

No Result
View All Result
  • Finance
  • Technology
  • Marketing
  • Human Resources
  • Insurance
  • Legal
  • Procurement
  • eCommerce
  • Leadership
Advertisement
ENTREPRENEUR HANDBOOK
No Result
View All Result
ENTREPRENEUR HANDBOOK
No Result
View All Result
Entrepreneurship, Finance

Fintech: how to use new financial technologies?

By Editorial team | Updated September 22, 2022 (Published 22/9/2022)

Related posts

  • Opening new horizons. How to use TikTok for business?
  • 4 Reasons why you should use in-house recruitment
  • 6 Useful Tips for Newly Established CEOs

Initially, the term fintech was used to describe organizations that create software in the field of money. Over time, the scope of new technologies has expanded and gone beyond the purely financial. Now fintech software developers are in great demand, it is very difficult to find a really good partner company. Treat your choice very responsibly. Fintech technologies are also widely used in the field of insurance, trade and risk management.

Related posts

Why a fractional GC model is Often a smart move for scale-up legal support

Understanding the Return Potential of Entrepreneurship Through Acquisition (ETA)

Why Europe Is the Global Leader in Digital Transformation for Enterprises

To successfully merge into a new reality, you need to clearly understand what is happening around. Namely, how the spheres of B2B and B2C payments are changing, how barriers are being levelled in the process of digitization of the industry, what new standards are being created in the field of digital payments, how millennials behave, steadily increasing their contribution to national economies and the private sector.

It is also important not to miss the opportunity to optimize your business and reduce costs through automation, reduce the burden on employees and expand the company through the use of digital assistants, personalizing goods and services. Digital transformation for each company should become a full-fledged strategy, and not a chaotic introduction of individual tools.

Market

Today, the number of fintech startups is growing very rapidly, focusing on both B2B and B2C markets. In the EU this year alone, investors have invested more than $1 billion in fintech companies, and about the same in the US.

The reason is obvious: such solutions are in great demand among small and medium-sized businesses that form the basis of national economies. It is in the SME segment that the level of customer service and internal administration usually experiences problems: the tools of the digital age allow you to reduce costs, increase work efficiency, automate processes and make the best use of available resources.

Fintech professionals have the flexibility to build their career path

Fintech has features that make work in this area diverse and at the same time ensure its stability. Consider what opportunities a specialist in this field has.

You can create completely new products or work with already proven ideas

On the one hand, in the last 10 years, fintech has been developing rapidly, and new products are constantly appearing in it. Virtual cards, transfers by phone number, online trading – opportunities that were simply not available before. Developers of such products quickly grow into unicorn companies and become successful.

On the other hand, in most cases, fintech does not create new solutions, but takes existing ones and makes them more convenient. Banking, loans and investments have long existed in the offline market and are proving to be viable. Fintech companies are simply moving proven solutions online.

Fintech products work directly with cash flows

Profit generation in them occurs faster than in products that earn indirectly, such as social networks or online cinemas. Since development efficiency is also directly expressed in money, it is easier to evaluate the results of such work, and the level of uncertainty in decision-making is lower.

How will the widespread introduction of blockchain affect finance?

Most public blockchain solutions remove the middleman. At the same time, financial services is an industry that traditionally operates on an intermediary model. This is where solutions like DeFi and cryptocurrencies emerge that are incompatible with traditional business models and promise to disrupt traditional intermediaries. But not everything is so simple.

Technology is heterogeneous. In addition to public blockchains, there are also consortium and private ones – they are used to optimize processes within the industry. For example, mortgages are going digital, or raising money is getting faster because of digital financial assets. Whether it will eventually be undermined or supported depends, among other things, on regulation and the actions of market participants. But financial services will definitely become more efficient.

Related Posts

Legal

Why a fractional GC model is Often a smart move for scale-up legal support

Scaling a business is exciting. There’s momentum, ambition and often a growing sense that things are starting to click. You’re...

Published by Sarah Clark
7th May 2025
Read more
Finance

Understanding the Return Potential of Entrepreneurship Through Acquisition (ETA)

The traditional image of entrepreneurship often involves a brilliant idea, a garage, sleepless nights, and a high-stakes gamble on creating...

Published by Editorial team
4th May 2025
Read more
Technology

Why Europe Is the Global Leader in Digital Transformation for Enterprises

In today's rapidly evolving digital landscape, organizations worldwide are racing to adopt innovative technologies and modernize their operations. Amid this...

Published by Editorial team
16th April 2025
Read more
Advertisement
Advertisement
Entrepreneur Handbook

Copyright © 2013 – 2025 Entrepreneur Handbook Ltd. All rights reserved. Registered offices at 20-22 Wenlock Road, London, N1 7GU, UK.

Sections

  • Finance
  • Technology
  • Marketing
  • Human resources
  • Insurance
  • Legal
  • Procurement
  • eCommerce
  • Leadership
  • Luxury
  • Start a business

Information

  • Advertise with us
  • Privacy policy
  • Terms of use
  • Contact us

Copyright © 2013 – 2025 Entrepreneur Handbook Ltd. All rights reserved. Registered offices at 20-22 Wenlock Road, London, N1 7GU, UK.

  • Finance
  • Technology
  • Marketing
  • Human resources
  • Insurance
  • Legal
  • Procurement
  • eCommerce
  • Leadership
  • Advertise with us
  • Privacy policy
  • Terms of use
  • Contact us

Copyright © 2013 - 2025 Entrepreneur Handbook Ltd. All rights reserved. Registered offices at 20-22 Wenlock Road, London, N1 7GU, United Kingdom.