How Fintech Reshaped Finance in the 2010s
Technology has transformed consumer behavior and business practices in many ways over the past decade. One segment, easily overlooked, is how much technology has changed the financial sector.
Fintech, short for financial technology, is the act of using technology to better accomplish traditional financial tasks, usually by making them cheaper, safer, and more convenient. While it is well beyond the scope of this article to explore every single advancement this sector realized in the 2010s, I believe it can help investors to take a moment to look back and recognize how far the industry has come in a relatively short time.
With that in mind, let's look at how the finance industry has gotten cheaper, more convenient, and safer by leveraging technology.
Source Fool.com
