Fintech refers to using ICT, modern technology, apps and digital solutions in innovative ways to boost financial services.
Nowadays, Fintech have preceded banks in most areas of financial sector through providing innovative financial services and solutions to clients.
Fintechs have for long realized that financial services of all kinds need to effectively integrated into the lives of the tech-minded clients of today to stay relevant in a digitally transformed world
Millenials clients (people born between approx. the early 80s and late 90s) and the following generations prefer quick and remote banking services such as mobile and digital banking services that provide more frictionless and stress-free processes.