Shri Devi Institude Of

Technology – Kenjar, Bajpe ,

Mangalore.

• Seminar Topic : Fintech (Financial Technology)

• Presented By : Mohammed Shahir (4SH18CS048)
• Presenting To : Prof. Monika
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Financial Technology – Fintech?
• Financial technology (Fintech) is used to describe new tech that
seeks to improve and automate the delivery and use of financial
services.
• ​At its core, fintech is utilized to help companies, business
owners and consumers better manage their, and lives by utilizing
specialized software and algorithms that are financial operations,
processes used on computers and, increasingly, smartphones.
• Fintech, the word, is a combination of "financial technology".

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Why fintech is the future?

• The more they employ

technology to their advantage,
the stronger the brand will
become, allowing them to
weather any storms.
• Fintech is a growing industry with
seemingly limitless opportunities to
1. Online and Mobile 2. Trading 3. Blockchain and
improve our financial systems.
Payment Systems Cryptocurrency

Ex :- Upi, Netbanking, Ex :- Mutual Fund, Ex :- Bitcoins, And

ATM, Digital Cash. Fixed Deposit, Binary Other Platform Similar
Trading, Digital Gold. To This.

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Importance:
1. producing good results without costing a lot of money.
2. carefully locked, protected.
3. Most advance payment method(USSD,AEPS,UPI,INTERNERBANKING,etc).
4. Transation within a sec.
5. timely, meaningful and reliable disclosures about a company's
financial performance.
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Technologies used in FinTech.
The 5 Key Technologies in FintechWhen focus on technology underlying
fintech, there are 5 key technologies that has been in the focal point of
discussion by most speakers as well as demonstrated by exhibitors
throughout the event, which are; 
1. Blockchain.
2. Artificial Intelligence (AI)
3. Security.
4. Internet of Things (IoT).

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finTech pros & and Cons.
Pros.
• Greater accessibility. This also translates into an increase in the banked
population since anyone with internet access can open an account and apply for a
loan without any problem.
• On average, fintech have response times for applicants that range from 10 minutes to
48 hours.
• Time optimization. Thanks to the fact that all processes are carried out
through the Internet, it is not necessary, in most cases, to go to a physical branch.
• Variety of services. Fintech have managed to segment services, so that a
whole range of services is offered, according to the needs of both financial services
users and providers.
• On the users’ side, financial services range from opening a savings account, applying
for a credit card, various types of insurance, to investing in a company requesting
funds to expand, as well as in international financial markets.
• On the part of financial service providers, fintech offer solutions ranging
from analyzing the profiles of credit applicants, storing data in the cloud,
streamlining payment methods, among many others.
• Cost reduction. Another of the great differentiators of fintech, with which
most of them intend to compete against traditional financial companies, is that the
vast majority of fintech offer lower commissions than banks.
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Cons.
• Lack of physical branches. This can be a
disadvantage when there is a problem in the provision of the service,
since everything must be dealt with via email or social networks.
• Although in this aspect some fintech offer as a differentiator the use
of blockchain technology to improve security, not all of them do so, a
situation that puts the security of user data at risk.
• Although for many it is as easy as using their smartphones, the truth is
that this condition immediately excludes a very large part of the
population that does not have access to the Internet, and therefore,
will have difficulties to become banked, even with the existence
of Fintech.
• Lack of regulation. It is a reality that it is such a notorious
phenomenon that authorities around the world continue, in many cases,
to study and legislate this phenomenon. So, the regulations
around fintech in the world are not perfect, and there is the
possibility that some of these may be some potential fraud in the
absence of regulation.
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Applications :
• Crowdfunding Platforms. Crowdfunding platforms like
Kickstarter, GoFundMe, and Patreon are the result of
developments in fintech.
• Mobile Payments.
• Robo-Advisors.
• Insuretech.
• Regtech.
• Cryptocurrency exchange.

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Methodologies for fintech startups.

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 i a i n a
i nd ch
In india

ua e uk
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Business model of Fintech.

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