课程: Foundations of Business Banking

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What is fintech?

What is fintech?

- [Instructor] Fintech is the use of technology in the field of finance. One example of fintech is the use of banking apps on smartphones rather than physically visiting a bank. - [Instructor] Fintech also involves financial data being collected and transmitted automatically through sensors connected to the internet. A sensor in the factory of a loan customer to monitor production quantity. - [Instructor] Sensors confirming vehicle usage detail for auto insurance purposes, or grain quality in storage silos, webcams monitoring foot traffic in a retail shopping mall to help determine rental rights. - [Instructor] Fintech is artificial intelligence programs exploring vast quantities of big data to detect patterns, make forecast, and design financial products specifically tailored to the needs of an individual customer. - [Instructor] Fintech is online markets matching investors with companies that want to borrow money, or…

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