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Look into how fintech trends can be beneficial for the future of business

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Vlad Dm
Look into how fintech trends can be beneficial for the future of business

How does the FinTech impact on the business and private clients?

With the advent of new FinTech services, entrepreneurs changed conventional way of doing business. Usually, upon the foundation of the new company entrepreneurs go to the local bank or investor company to get money for the promotion of the new project. But today entrepreneurs have another way to introduce the fruit of their creativity to the world - using fintech business.
Crowdsourcing, mobile payments, and other services allow entrepreneurs to get access to a large range of financial services. Today it becomes much easier and cheaper not only to get financing for the business foundation but also for its expansion.
Crowdsourcing. This direction makes it possible for people with interesting ideas to draw financing quickly. Any person in the world can become an investor regardless of his or her location. Instead of common presentations for investors, you can spread the word on the Internet and it will accelerate funds involvement. One of the most popular FinTech business models.
Funds transfer. It used to be a headache for all entrepreneurs of the previous generations since the process of money transferring was not quick. Furthermore, people had to spend more money on their monetary transactions due to high percents for transfer. That is why fintech startups also found their market niche. Now there is a service like TransferWise that represents an analog to bank transfer. It allows small companies and private clients to send money at a lower price.
Fintech application for funds transfer
Funds transfer operation
It is just a couple of examples how high-tech startups can simplify business and reduce expenses. There is a large number of other technologies developed by fintech companies, like cryptocurrency for anonymous payments, application of social media personal data for improvement of a debtor rating credit capacity and so on. Everything depends on your fintech business plan.
 
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