What Is FinTech and Why Should I Care?

If you ask Google “what’s trending in Finance?” the answer is FinTech. But what is FinTech?

According to Investopedia, “Financial technology (Fintech) is used to describe new tech that seeks to improve and automate the delivery and use of financial services.”

FinTech as a term can be applied to anything from the backend system of a bank to the use of crypto-currency. Recently emerging FinTech aims to undercut traditional structures and make processes like getting loans, transferring money, and trading stocks easy and accessible to people from all walks of life.

FinTech is breaking down barriers to make managing your finances easily accessible, easily understandable, and easily attainable. By embracing FinTech, anyone can manage their finances. 

But if FinTech is such a large industry, how will I know what financial technology is right for me?

Here at Assemblage, we are well-versed in a variety of financial technologies and pride ourselves on not only being able to advise you in selecting the right systems for your business but we can also implement those systems for you and teach you how to use them so that your business can operate with the confidence it needs to thrive and the automation it needs to keep your life stress-free. 

We can help you decide whether to use Stripe or Square; your local bank or TransferWise; Venmo, Paypal, or Zelle; Quickbooks or Wave Accounting; etc.

As more and more FinTech companies arise, it can be more and more overwhelming to decide who is best for YOU and YOUR business. Assemblage is here to help you navigate the sea of FinTech and make sure your business is running at top-notch efficiency. 

What if I don’t want to use FinTech? How can it still be relevant to me? 

Talk to us at Assemblage about investing! With FinTech breaking down barriers left and right, investing in some of these new companies could be a great way to grow your stocks.

While investing in stocks is never a guarantee, we can help you understand what various portfolio investments could mean for you.  

Go ahead and schedule a call with us today so we can help you figure out your next steps in the world of FinTech. 

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