More and more Emerging Companies or start-ups are offering innovative and attractive services based on new technologies for the financial sector, called techno-financing or fintech. This growth is due to the benefits it supposes for the companies that decide to contract those services. Its use has many advantages over traditional financial services, regardless of the type of company that uses them.
In reality, the world of techno-finances is pervasive. In it, we find that there are multiple areas or services in which they can be applied and among them stand out as habitual, for example, platforms or software linked to payments and transfers, mobile banking, stock trading ( trading) or insurance.
As innovative areas or services there are also, although still less implemented but equally attractive, the automated management of processes and digitization, compliance ( compliance ), security and privacy, advisory services on finance, the commodities market premiums ( commodities ), loans and corporate financing or cryptocurrencies.
Depending on the type of technological, financial product used in a company, the benefits may be one or the other. But, in general, we can define several benefits that are often repeated in all areas related to financial technology. In general, therefore, you can achieve significant competitive advantages compared to competitors who do not use this type of services or platforms.