Top Fintech trends revamping financial technology

Paper money has been slowly but steadily giving way to innovative payment solutions. Two diverse industries, namely finance and Technology were married together to form the new amalgamation of “Fintech”. These disruptive innovations have given way to a new financial climate where digital transactions like cryptocurrency, contactless payment tools and digital wallets are the order of the day. These are also the main trends that the industry foresees for 2019.

The global economic crises of 2008-9 saw many large financial organizations falter, making the general population more conducive to accepting technology as a trend in financial transactions. Technology helps in reducing costs and turnaround time. This is the way forward as it is inclusive and relies more on leveraging technology than finance.