"Fintech" companies — those that use technology to bring financial products and services to the masses — have been growing in popularity across the globe as a potential solution to many of the problems plaguing legacy financial institutions. For example, as banks continue to close branches and service centers move online, fintechs emerge with simple solutions such as online and mobile banking, and often times lower associated fees. Fintechs are also emerging as a potential solution for the world's under-banked populations. Worldwide, about 2 billion adults remain unbanked (without access to formal financial institutions) and another 1 billion individuals lack even basic access to such services like savings accounts or credit cards. Fintechs are leveraging technology to provide access not only to the basics, but also unique services. For instance, mobile payments can be especially useful to people who lack access to physical bank branches for depositing or withdrawing cash.

1. An Introduction
to Financial
Technology
Brought to you by CenterOfYou
Fintech, simplified

2. FinTech
101
What to Know
What is Financial Technology or FinTech?
01
Banking Before and After FinTech
02
A brief history of FinTech
03
Challenges of FinTech
04
Rewards of FinTech-driven payments
05
What's next for FinTech?
06

3. What is Financial
Technology or
FinTech?
A combination of the words "financial" and "technology,"
FinTech is the catch-all term that applies to any
technology that helps consumers or financial institutions
deliver financial services in a novel, more convenient way.

4. Banking Before
FinTech
What is Financial Technology or FinTech?
What is Financial Technology or FinTech?
What is Financial Technology or FinTech?
Banking with
FinTech
People can track how their money
moves in real-time
Online banking is available 24/7
Users can transfer the money
instantaneously through banking apps

5. A brief
history of
FinTech
Arner, Douglas. “The Evolution of Fintech: A New Post-
Crisis Paradigm? By Douglas W. Arner, Janos Nathan
Barberis, Ross P. Buckley :: SSRN.” Social Science
Research Network, 1 Oct. 2015,
papers.ssrn.com/sol3/papers.cfm?
abstract_id=2676553. Accessed 5 Apr 2021.
The electric telegraph was introduced
for the first time.
1838
Diner's Club released the first
universal credit card.
1950
The world was introduced to TradePlus,
the online brokerage platform.
1982
The first version of Bitcoin
was released.
2009
Google Pay was first launched,
followed by Apple Pay in 2014.
2013

6. FinTech segments
according to
transaction value
As of January 2021
Digital payments are leading the way followed
by personal finance, alternative lending,
and alternative financing.

7. The Role of
Cybersecurity
in FinTech
Protecting data is crucial
Because there's a lot of sensitive information involved
in banking, cybersecurity is non-negotiable.
Financial institutions must have robust cybersecurity
measures to protect the data of consumers.

8. Challenges
of FinTech

9. Top Trending FinTech Risks
Dangers posed by FinTech to consumers
MONEY
LAUNDERING RISK
Regulations are yet
to be improved.
ONLINE
HACKING
Hackers can gain access
to your accounts.
DIGITAL IDENTITY
RISKS
Security codes and
passwords could be
easily accessed

10. Rewards
of FinTech-
driven
payments
Benefits of FinTech-powered
payments
GREATER SPEED
Instant transfer of funds
ENHANCED TRANSPARENCY
There's a clear trail of where money goes
BETTER SECURITY
You can rest assured that your money
will not go astray

11. What's next
for FinTech?
Looking forward to the future
Artificial intelligence and machine learning
will further infiltrate and improve FinTech.

12. FinTech has
transformed the
banking industry
for the better.

13. Security best
practices of
successful
FinTech projects
Next-level data protection and encryption
Secure code and architecture
Secure authentication
Good mobile encryption
Compliance

14. Financial institutions must
be able to deliver an easy
to navigate, a seamless
digital platform that goes
far beyond a miniaturized
online banking offering.

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