5 Ways Fintech Has Impacted the Financial Industry

Has Impacted the Financial Industry

HEIGHTENED COMPETITION

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[{"selector":"#anim-715d1c0b-12b1-452f-aaac-af8b0c3736b1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(18.76220686480165%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-0ce31f9d-5214-4de1-bd85-512959226dc4","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-39069066-5b64-497a-9319-486478f9359c","keyframes":{"transform":["translate3d(118.66668%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cee0b16c-7e78-46d1-816f-b56703244ff5","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6534f4c9-a7bc-43af-b4d9-88d14a5118a7","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Fintech companies disrupt the traditional financial sector, creating increased competition.

ENHANCED FINANCIAL ACCESS

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[{"selector":"#anim-4986673d-76ef-4ccf-a4d3-8613bdcb2293 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(14.467010289653254%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-7e9ba988-2104-44f6-be35-23027dcc0baf","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-21108383-5f76-4237-b86c-8bb1cf3ed313","keyframes":{"transform":["translate3d(118.66668%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-92cce764-52bd-4961-9e56-2131248e9eff","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-177d5787-4d5f-4630-b2cd-98e3cae5d100","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Fintech companies make financial services more accessible to previously excluded individuals.

IMPROVED CUSTOMER EXPERIENCE

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INNOVATION IN PAYMENT SYSTEMS

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[{"selector":"#anim-75e8a1b5-fbe6-474f-a6a9-06ba9a9cbe76 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(16.419372369266167%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-d6a26014-02ac-4444-879b-9f381a246d6c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-be5469cb-a6cb-4d09-84fb-12d2acdfa304","keyframes":{"transform":["translate3d(118.66668%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3d230d8b-d4f8-44e1-b29b-a2151ab05139","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-79645f37-c7ad-475d-b80e-679f411ade5e","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Fintech companies introduce new payment methods and systems, driving innovation in the industry.

REGULATORY CHANGES

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[{"selector":"#anim-69a5fe84-9269-4c1d-8460-008a2fa509e5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(16.80984478518875%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-fd7520eb-f6d4-4ac8-b409-86076d54b23a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-02a61600-37f2-43f3-93d7-5abbfbc11208","keyframes":{"transform":["translate3d(118.66668%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0875a0e5-de44-4044-91b3-34b2ec9cec3b","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6720a3ee-b990-47d6-9b72-5cc98f2a6d70","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] The rise of fintech prompts regulatory adjustments to keep pace with evolving financial innovations.

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