Tag: Fintech

Five Things You Must Know About FinTech

Let me start the tale of FinTech with a movie reference. Remember 2015’s film The Big Short describing the reasons and consequences of 2008 financial crisis? It was great. Though oversimplified for entertaining purposes, it surely conveyed a truthful message: the meltdown of 2008 has eroded seemingly inviolable foundations of finance world for good. People’s distrust of all things traditional banking, which followed the crisis, contributed a lot to the explosion of FinTech – a way to deal with money circumventing established financial institutions. FinTech is crucial, but still new. Its definition hasn’t made it to most dictionaries and common ... Read more