The rapid pace of technological adoption and evolution has impacted many areas of life, leading to disruption to how people are used to doing things. One industry that has witnessed this to a great extent is financial services, where businesses are using technology to provide innovative solutions – and new or improved banking and lending products.

1. FINTECH’S
VARIOUS
APPLICATIONS
RAZI SALIH

2. 2
FINTECH’S VARIOUS APPLICATIONS
One industry that has witnessed this to a great extent is financial services, where
businesses are using technology to provide innovative solutions – and new or
improved banking and lending products.
The rapid
pace of
technological
adoption and
evolution has
impacted many
areas of life,
leading to
disruption to
how people are
used to doing
things.

3. 3
Cryptocurrency
refers to
currencies that
exist and can
be transacted
only on digital
platforms.
Some examples include:
Peer-to-Peer Lending
This is a form of lending where a third-
party platform brings together investors and
borrowers, with the latter receiving money at
a rate that matches their risk. Investors, on the
other hand, get to lend at attractive rates that
guarantee good returns.
Robo Advice
Robo advice tools make use of machine learning
and Artificial Intelligence (AI) to provide
automated investment advice that helps
investors manage exchange-traded funds (ETFs).
Digital Banks
Digital banks are accessible via mobile devices
and are built using new technology that
allows users to transact in multiple currencies,
implement smart-saving features, and gain
insights on spending.
Cryptocurrency
Cryptocurrency refers to currencies that exist
and can be transacted only on digital platforms.
Unlike traditional currencies, they are not
regulated by central authorities.

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