Fintech and Techfin: Two Buzzwords Dominating Today’s Market. Let’s Dive Deeper into Each
Fintech Vs. TechFin: Fintech refers to the innovative use of technology to deliver financial services. In contrast, techfin signifies technology companies venturing into the realm of financial services.
The primary distinction lies in their approach. Fintech companies leverage technology to drive their growth, while techfin companies, already established in technology, expand into the financial sector to enrich their offerings.
The future of the banking sector hinges significantly on these Fintech Vs. TechFin concepts. Lets see how it impacts
- Increases operational efficiency by reducing manual process and paperwork which led to streamlined operations and faster transactions
- Technologies such as AL and ML enable banks to provide personalise services to customers based on their requirement which led to customer satisfaction
- It makes banking operations agile by addressing the challenges and provide smart solutions by automation
- It helps to reduce frauds and scams in the country using technologies such as blockhain etc
- It provides valuable insights to management which helps them to make wise decisions which are really helpful for organizations growth
At Krify, we possess comprehensive expertise in the banking domain, providing end-to-end solutions. Some of our Fintech and Banking solutions includes NABFINS, Mindworks, SADHAN, Doctor Money, Retrafinance etc. We are delighted to assist you in developing secure and scalable applications. Please contact our sales team to discuss your idea in-detail.
