Скачать или смотреть FinTech Part-2 | Various FinTech Services Explained With Examples | Malayalam

FinTech Part-2 | Various FinTech Services Explained With Examples | Malayalam
This video explains about various FinTech verticals - such as different products and services with real life examples.
FinTech or financial technology is the term used to describe many technologies that provide financial services through software, such as online banking, mobile payment apps or even cryptocurrency that helps both consumers as well as financial institutions at once

Listed below are the FinTech verticals and examples.

Crowdfunding platforms
⁃ Crowdsourcing empowers individuals with enormous plans to get financing rapidly and effectively from any place.
⁃ •Crowdfunding platforms allow internet and app users to send or receive money from others on the platform and have allowed individuals or businesses to pool funding from a variety of sources all in the same place. 
⁃ GoFundMe is one of the major crowdfunding sites that uses donation-based crowdfunding. Equity-based crowdfunding:
⁃ Companies like Kickstarter, Patreon, and others illustrate the range of fintech outside of traditional banking. 

Blockchain and Cryptocurrency
⁃ Cryptocurrency and blockchain are hallmark examples of fintech in action. 
⁃ Cryptocurrency exchanges like Coinbase and Gemini connect users to buying or selling cryptocurrencies like bitcoin or litecoin. 

Mobile Payments
⁃ Using increasingly sophisticated technology, services have emerged that allow consumers to exchange money and payments online or on mobile devices - including popular payment app Venmo. 
⁃ Apple Pay from Apple and Google pay by Google are very well known products used for mobile payments

FinTech in Insurance or InsureTech
⁃ Fintech has even disrupted the insurance industry. In fact, insurtech (as it's been so-called) has come to include everything from car insurance to home insurance and data protection.
⁃ Insurtech is a new word that combines insurance and technology. Insurtech companies leverage technology to offer customizable policies and premiums, as well as easy access and management on the web or through an app
⁃ Advantages in using Insuretech are
• Reducing costs in customer acquisition.
• The possibility of expanding business globally, without borders.
• Automate customer acquisition while improving user experience.
• To be able to offer products, services, contracts and all kinds of procedures remotely and online.
• Improving security controls and fraud detection.
• Complying with the most demanding regulations regarding technical and legal security when acquiring new clients both in-person and online.

Robo-Advising and Stock-Trading Apps
⁃ A robo-advisor is a digital financial advisor that provides financial advice or manages investments with moderate to minimal human intervention. Robo-advisors are designed to deliver advice digitally based on inputs received from the investor.
⁃ Robo-advising has disrupted the asset management sector by providing algorithm-based asset recommendations and portfolio management that have increased efficiency and lowered costs.
⁃ Perhaps one of the more popular and big innovations in the fintech space has been the development of stock-trading apps.
⁃ like Robinhood or Acorns, investing from anywhere with any budget has never been easier. 

Budgeting Apps
⁃ One of the most common uses of FinTech in 2019 is budgeting apps for consumers, which have grown exponentially in popularity over the years.
⁃ Intuit and expensive are the popular budgeting apps

Watch now.

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Language : Malayalam

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