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25 August 2024

Financial technology (FinTech) (Glossary)

Automation Blockchain Crowdfunding and finance Digital transformation Sanjay Sauldie Glossary

The term financial technology (FinTech) is particularly at home in the areas of digital transformation, crowdfunding, finance and blockchain. It describes new technological solutions that improve or replace traditional financial services.

FinTech companies, for example, are developing apps and platforms that make it easier for people to transfer money, take out loans or invest - often without having to go to the bank. This makes financial services faster, cheaper and accessible to more people.

One clear example is mobile payment via smartphone. In the past, this always required a bank card, but today many customers can conveniently pay directly at the till using an app such as Apple Pay or Google Pay. Investing in equity funds is now also possible via easy-to-use apps that are accessible for little money.

Financial technology (FinTech) is therefore ensuring that processes in the banking and finance sector become more modern, more open and more customer-friendly. This is fundamentally changing our daily lives and the economy.

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Sanjay Sauldie

Sanjay Sauldie is a digital strategist, speaker and developer of the transruption toolkit, which companies can use to make their digital transformation measurable, human and sustainable. With kiROI - the AI-based approach to value creation in the digital age - he helps self-employed people and companies to integrate artificial intelligence into their processes in a practical way. With his outstanding marketing strategy iROI, he has already led countless companies to greater visibility and thus more profits. He combines digital innovation with disruptive thinking models for a sustainable business strategy. He studied mathematics and computer science at the University of Cologne, completed a Master of Science in Digital Disruption at the University of Salford (UK) and a Design Thinking programme at MIT/EMERITUS Singapore. As a multiple award-winning expert - including the Golden Web Award and the Innovation Award of the Initiative Mittelstand - he advises SMEs and corporations. His motto: "Digitalisation is not an end in itself - it must serve people."

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