Last year was a good year for focusing our attention on the FinTech industry. As you may remember, the industry took up a lot of space in the mainstream media. Now there are 15 Fintech companies and startups to watch out for in 2018.
What is Fintech?
Fintech is a term that refers to a group of industries that use digital technology to improve financial systems. These industries include banking, insurance, investment, and payments.
- Fintech Companies and Startups to Watch
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Here are some fintech companies and startups to watch in the coming years:
-bitPay: bitPay is a startup that makes it easy for businesses to process payments with bitcoin.
-Coinbase: Coinbase is a leading platform for buying and selling bitcoin, Ethereum, and other cryptocurrencies.
-Jpmorgan Chase: JPMorgan Chase is testing out a new bank service that uses blockchain technology to make transactions more efficient.
-Circle: Circle is a venture capital company that invests in companies working on digital currencies and blockchain technology.
What are the Fintech Trends?
There are a number of important Fintech trends to watch in the coming years. Some of the most important trends include:
-The growth of virtual banking.Virtual banks allow customers to conduct their banking activity using computer and mobile devices. This is a major shift in the way people bank, and it is growing rapidly.
-The growth of mobile payments. Mobile payments are becoming more popular each year, as more and more people switch to using their phones instead of traditional wallets to pay for things. This trend is especially pronounced in developed countries like the United States and Canada.
-The rise of blockchain technology. Blockchain is a relatively new technology that permits online transactions to be recorded and verified in an efficient manner. It has the potential to revolutionize many industries, including Fintech.
-The popularity of robo-advisors. Robo-advisors are financial advisors that are operated by computer algorithms instead of human beings. They are very popular with high-networth individuals, because they provide seamless customer service and tend to be cheaper than traditional financial advisors.
Who Are the Top Fintech Companies?
There are a number of top-rated fintech companies out there, but which ones are worth your attention? Here are five of the most popular fintech startups you should be watching:
- Square Financial
- Robinhood
- Lending Club
- PayPal Holdings
- Funding Circle
