Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Fintech is fostering innovation and creating dramatic shifts in the financial services industry. Leaders in this sector are using accelerators, incubators, and innovation labs to

Fintech is fostering innovation and creating dramatic shifts in the financial services industry. Leaders in this sector are using accelerators, incubators, and innovation labs to take advantage of this digital shift. Fintech companies are capitalizing on consumers increasingly digital lifestyles, decreased dependence on traditional financial institutions, and enthusiastic early adoption of social networks. To fully take advantage of the lower barrier to entry created by technology, fintech companies must focus on simplicity, mobility, and agility. Rapid evolution and the emergence of new technologies, such as blockchain, show significant promise for supporting these efforts and offering high business value. Write a blog by explaining how the Fintech Revolution Is Changing Financial Services Operations. You must give examples to support your answers. Also, you should explain in second the types of innovations and give also examples.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

5. Recognize your ability to repair and let go of painful conflict

Answered: 1 week ago