fintech

The appearance of FinTech companies and their competitive prices has resulted in a larger number of clients, thanks to their simplification of processes and their convenience of use for a variety of financial needs, such as access to financing, asset and estate management, investment, and economic and financial consultation. But it’s not just about doing the same things that traditional companies do, only faster and cheaper. It’s also about emphasizing how they take advantage of the possibilities of technology and their capacity for innovation that creates added value....

At the same time, there are already many “virtual” banks operating in the world, which have completely digitized their business processes, following the trend of moving to an online format. They are called “neobanks”. Experts from Boosty Labs fintech development company talk about why neobanks (https://boostylabs.com/neobank) are the new future after the coronavirus. Neobanks are fintech companies that offer standard banking services in an all-digital format. Unlike conventional banks, neobanks do not have physical branches and can operate without a banking license....