Fintech applies technology to improve financial activities and uses innovative technologies like smartphones for banking and investing. It unleashes new competition in financial services, helps small businesses be more sustainable, and allows people to conduct transactions via mobile phones. Core fintech services include payments, personal financial management, investment platforms, and new credit models. While fintech poses a real threat of customers switching to alternative providers with better experiences, it has great potential to positively change people's social and economic lives at a high growth rate expected to be fully embraced by 2018.

1. Introduction to Business Finance
Financial Technology
Asad Ali
BBA III-D
1611224

2. FINTECH
• Applies technology to improve financial activities
• Innovative use of technology
• Use of smartphones for banking and investing

3. IMPORTANCE WITHIN THE FINANCIAL
SERVICES MARKET
• Unleashes a new era of competition
• Good at fixing business problems
• Helps making small businesses more sustainable
• Allows people to conduct transactions through their
mobile phone
• Promoting more efficient allocation of scarce
resources

4. CORE AREAS FOR FINTECH SERVICES
• Payment and transactions
• Personal financial management
• Trading and consulting platforms for investment
• New financing arrangements and credit models

5. THE FINTECH THREAT IS REAL
• Eminent danger of a customer exodus to these
providers
• Alternative providers are raising the expectations for
what the ideal customer experience can and should
be

6. FUTURE OF FINTECH
• Fintech has a great potential to change the social
economic lives of people
• It is growing at a very high rate and by 2018, it is
expected that it will be fully embraced in the world.