SAFE AND CONVENIENT FINANCIAL SERVICES
FinTech (financial tech) focuses on developing safer, more cost-efficient business models to support the exchange of money and other measures of value.
Business models using FinTech focus on mobile customers and services which are usually accessed with a software-as-a-service (SaaS) delivery model. By digitizing traditional finance-related workflows, small FinTech start-ups can compete with traditional banks for customers.
FinTech apps provide banking customers with safe, convenient money transfers and automated services challenging the status quo. Examples of FinTech apps which changed the status quo include those which:
- provide consumers with free credit scores;
- allow merchants to accept online and mobile payments;
- use blockchain to maintain a distributed ledger for digital currency; and
- use Near Field Communications (NFC) protocols to support proximity mobile payment systems
NBS Digital Technologies has a vast experience in the banking industry as well as with tools that uses the FinTech model. We can assist your business with tailored FinTech solutions.