Surely you have heard of the word Financial Technology in recent years and do not know very well what it refers to. During the next post, we will talk about this new concept of business worldwide that is revolutionizing the markets and how they relate to traditional banking in the Spanish market.
Revolutionize financial services by offering fast
But what exactly are Financial Technology? Firms defined as Financial Technology are those that combine technology with financial services in such a way that they use technology to make life easier for customers who consume financial products. These types of companies are demonstrating that the traditional financial sector can change and revolutionize financial services by offering fast, transparent and easy solutions to their clients.
The traditional banking vision of Financial Technology is changing over the years. In the beginning, banking entities saw these types of companies as competitors due to their innovative nature, but what these types of companies lack is a large clientele since they have been in the market for very little time, unlike traditional banking. These differences make it necessary for the two actors to come together to benefit all of their clients. In such a way that technology and innovation are combined with experience and large clientele for the benefit of customers who consume financial products.
You can hire a fast loan online
In Spain there are around 300 Financial Technology that employ more than 6,000 people according to figures from the Spanish Association of Financial Technology and Insurtech (AEFI). According to the AEFI, it could be increased to 400 during 2018.
Infra Bank is an example of Financial Technology. You can hire a fast loan of up to $ 1,000 online and in less than 15 minutes. You can enjoy the advantages of requesting your first free loan of up to $ 300 without interest and completely free. You only need a device with internet access to request your fast money 100% online. At CréditoAhora we analyze the advantages of each loan so that you can choose the one that best suits your needs.