Why invest in Fintech?
Fintech services can be immensely valuable to companies, mainly small and medium-sized enterprises (SMEs), but also to large companies. By providing more modern and better services, customer retention rates increase considerably, so the companies generate greater earnings.
Finance more secure
It makes finance more secure through biometric data, tokenisation and data encryption, as well as participation in blockchain.
Use digital channels
46% of users exclusively use digital channels for their financial needs (according to Singularity University). Emerging countries are shifting from not using financial services to using them digitally directly, without going through physical services.
News about fintech
68% of financial consumers agree that during the pandemic they have spent more time than ever making decisions about their finances.
Megatrends are transformative forces whose impact is perceptible by an important segment of society for a prolonged period of time, mainly in the business and economic fields.
The term ‘fintech’ is heard with greater volume in different areas of the financial industry and its evolution has attracted the attention of investors from all over the world creating a new financial landscape.
Financial technology companies or Fintech, for its acronym in English, are entities dedicated to providing the full range of financial services usually offered by traditional banking, only with the differentiator that technology is used to make these services more efficient and accessible products.
The importance of FinTech is largely due to the opportunity it provides investors to do their own research, pick stocks and see the performance of their portfolio in real time.
From now on, you only need your mobile or your smartwatch to complete your purchases. Your wallet stays at home. With Samsung Pay, you can use the BBVA in Switzerland credit cards at any establishment that accepts contactless payments anywhere in the world. All digitally, to make your payments even more secure and convenient.