2. Fintech
• The word is a combination of “Financial Technology”
• Fintech is utilized to help companies, business owners and
consumers to better manage their financial operations
• Specialized software's that are used on computers and
smart phones
• Education, retail banking, fundraising, nonprofit investment
management and crypto-currencies sectors are included in
it
• Variety of financial activities, such as money transfers,
depositing a check with your smart phones , raising money
for a business startups, and managing investments are
included in it
3. Fintech was Born (1886-1967)
• According to a paper by Arneris,
Barberis & Ross the first iteration
of Fintech has been around since
1886
• Telegraphs and more advance
railroads and steamships as
communication and transportation
devices were used to transfer the
financial information across the
border
4. Fintech was Born (1886-1967)
• transatlantic cable in 1866
and Fedwire in the United States
of America in 1918 paved a way
for the first-ever electronic
fund transfer system which
relied on Telegram and morse
code
• In the 1950s, the first credit
card was Created and non
cash payment system was born
5. Fintech in its Teenage Years (1967-
2008)
• Simple handheld calculator and
the first ATM installed by Barclays
bank back in 1967
• 1970s the first digital stock
exchange, NASDAQ, was
established
• 1980s have introduced the first
bank mainframe computers
• Creation of Software as a Service (SaaS),
MetaTrader’s (MT), creation in 2005,
And its subsequent development of
MT4 and MT5 was created in teenage years
6. Fintech as a young adult (2008 -
current)
• At that time countries with
the biggest Fintech
development and usage
were China scoring
69% and India following
with 52% as well as the
UK, Brazil, Australia, and
Spain respectively
averaging around 40%
8. Fintech in Pakistan
• Pakistan a country with
around 210 million people
and the world’ 5thlargest
young population
• 21 percent of the total
population has bank accounts
• 1 percent of the population
having credit cards
• Telenor bank, in partnership
with Valyou of Malaysia, introduces
Pakistan’s first blockchain-based
cross-border remittance service,
powered by Alipay
9. Players Promoting Fintech
• Easypaisa Non-bank institutions
licensed by the State Bank of
Pakistan bringing financial
services to the unbanked
population
• Karandaaz Pakistan , a non-profit
organization is Promoting Fintech
• Karandaaz Pakistan is
promoting Fintech startups in 4 areas of focus
• Access to Financial services
• Payments
• E-commerce
• Introperability
10. Players Promoting Fintech
• Finja is a Pakistani fintech
startup that recently introduced
SimSim app for mobile payments
• It's the first such application
that has received approval of
the State Bank of Pakistan
