FINTECH REVOLUTION

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Today’s fintech landscape is both broad and fast moving, experiencing an accelerated pace of change since the financial recession of 2008. The field exists at the crossroads of transforming business practices and financial industries, though it is expanding to include related markets such as real estate and insurance. The goals of applying technology and innovation in the financial industry are similar to the reasons why any industry undergoes a digital transformation:

• Reduce service and transaction costs
• Reach market segments that otherwise would be impractical to engage
• Take advantage of economies of scale
• Improve customer experiences and segment them for a more personalized experience