Fin-Tech
Finance/Technology
Embedded Files
What Is Fin-Tech?
What Is Fin-Tech?
FinTech = Financial Technology
It refers to technology-driven innovations in the financial services sector.
FinTech is the integration of digital technologies (like mobile apps, AI, blockchain, and data analytics) to enhance, automate, or disrupt traditional financial services.
FinTech Umbrella
FinTech Umbrella
Mobile Payment: Mobile wallets, contactless payments, peer-to-peer transfers (e.g. PayPal, Venmo)
Digital banks: Cloud-native banking platforms, neo-banks, API-driven services
Insurance: Digital insurance platforms and AI-powered underwriting
Cryptocurrency/Blockchain: Digital currencies, smart contracts, decentralized finance (DeFi)
Crowdfunding platforms: Crowdfunding platforms are online services that allow individuals or organizations to raise funds from a large number of people (the "crowd"), usually in small amounts, to support a project, idea, cause, or business.
Fintech Generations
Fintech Generations
1.0: Digitizing traditional banking, ATM Machines
2.0: Internet & Mobile Banking: Banks' mobile applications, like all banking websites and mobile applications, even cross-bank like InstaPay in Egypt
3.0: Innovation outside traditional banks, Financial services outside banks: Vodafone cash and Fawry
3.5: Financial inclusion for the underserved
4.0: Fintech AI: Providing Advisors – BNPL – Credit Scoring
5.0: Smart & human-centric experience
Fintech 2.0
Fintech 3.0
Fintech 3.0
Wallets
Wallets
Companies
Create Self-Wallet
Banks in the background
Individual and enterprise wallets
Conduct Financial transactions
Fintech 2.0: Mobile disruption
Dr. Ghoniem Lawaty
Technology Evangelist
Page updated
Google Sites
Report abuse