Financial Technology Evolution

What is FinTech (and how has it evolved)?

Financial Technology has been around virtually as long as the financial services industry itself. But since the economic meltdown of 2008, a new breed of disruptors has displaced traditional e-commerce providers with more efficient services.

When you use PayPal, Apple Pay, Google Wallet or simply your credit card to make an online purchase, you the consumer, the e-commerce retailer and the banks behind the money exchange are using FinTech.

When Charles Schwab, TD Ameritrade or Fidelity Investments purchase stocks and the banks settle the securities transactions, that’s FinTech.

And when you go online to find the best mortgage rates for that dream home or to refinance the one you’re in, that’s FinTech. Continue reading →