New York, October 6, 2020 (INSIDER MONKEY WIRE)– Fintech is becoming a fast-growing industry in the world today. The term is an amalgamation of the words “Finance” and “Technology” and it is associated with any business that uses technology to enhance or automate financial services and processes. As an industry, Fintech is becoming increasingly beneficial to both businesses and consumers.
In recent years, blockchain have enabled major strides in the financial technology (fintech) industry. Blockchain offers faster, cheaper transactions which are more secure and have permanent records. Blockchain also has the potential to dramatically reshape the capital markets industry with a significant impact on business models, reductions in risk and savings of cost and capital.
While AI technologies are helping financial institutions to save billions in costs incurred in service costs and also have streamlined the data analysis process. Blockchain is lowering the cost of transactions while allowing for a