15 Things You Didn’t Know About the Fintech Industry

It’s fast become one of the big buzzwords in business and technology. It’s one of the hottest properties to invest in.
10 Mind Blowing NEW Technologies That Will CHANGE the WORLD:

Thanks to our friends at Audible!
Disclaimer: signing up for Audible will result in financial compensation towards Alux Inc at no additional cost to you, the consumer.

What are 15 Things You Didn’t Know About the Fintech Industry?
What is a Fintech company?
What are examples of Fintech?
Will FinTech replace banks?
Why FinTech is the future?
Is Fintech a good industry?
How does a Fintech work?
Is the fintech industry profitable?
What is the next big development in FinTech?
What are the biggest challenges for the FinTech industry in 2020?
How big is fintech industry?
How is the fintech scene in Asia?
How is the fintech scene in USA?

____________
00:00 - Intro
00:40 - Traditional banks are worried about it.
01:39 - The term includes sectors you probably didn’t think were Fintech.
03:08 - It’s lifted millions of people out of extreme poverty.
04:06 - It’s revolutionising the loans market.
04:56 - They could make traditional credit ratings obsolete.
05:37 - Cybersecurity is still a big concern.
06:57 - Investment in Fintech is going up exponentially.
07:33 - The word Fintech originally described the back-end technologies of traditional banks.
08:12 - It’s a huge user of machine learning.
09:00 - and other new technologies too.
09:38 - They can improve your spending decisions.
10:19 - The world’s biggest Fintech is a subsidiary of Alibaba.
11:08 - Asia is the biggest consumer of Fintechs.
11:32 - but the USA is the biggest producer.
12:08 - Fintech is known for its relaxed work ethic.
12:35 - Question
*

#alux #money #fintech

-

-
Social Media:
---

--
--
For businesses inquiries we're available at:

[alux]

Hello Aluxers! What other changes in the way we use money do you think Fintech will bring us in the future?

[daniellkimutai]

MPESA is the biggest fintech company in AFRICA!! It has served and is continuing to serve me best!

[kyledanseur]

FinTech = Financial Technology

"Basically transforms your smartphone into a bank account"

[Suefore-blni]

Completely random fact:

If you started with $0.01 and doubled your money every day, it would take 27 days to become a millionaire.

[ChristopherAbelman]

It would be very helpful if you could tell me which program would be best suited for me as a non technical/financial person to be eligible for the fintech program. Colleges in US or Canada which offers placement after certain degrees would help a lot. I don't have much idea about the program and only have a diploma in business management, so I need a masters program that could help me start from scratch. Which masters program would get me into fintech?

[MapAtlass]

The world’s biggest Fintech is a subsidiary of Alibaba. That's one of the reasons that Alibaba is such a behemoth 🚀

[shshr]

The disruption of the credit rating is something that will have a huge impact when it comes to lending. Very smartly covered all the points. On point guys, as always.

[larrytron]

Before the pandemic hit, I wanted to join a FinTech startup because I saw importance of it in my previous job as an accounts developer for a CMS provider.

The clients always spoke highly of the accounts module because of how useful it was, despite being programmed Visual Basic 6! 😅 << developers will get why that bad.

FinTech is the future because people will be looking to reap their aggressive returns after the pandemic dies down significantly.

Hopefully I can join a FinTech startup next year...or even better, start one myself.

[briankimuge]

Never commented on this channel but the mention of m-pesa got my attention, ,,much love from Kenya 🇰🇪🇰🇪🇰🇪🇰🇪🇰🇪doing a great job

[Je.rone_]

Excited about this video! Can't watch it a.t.m cause I'm recording a video but saving it to watch later!

[MrX-orsf]

It's the future. I just signed up for SoFoi and it's hands down the best money manager i've seen thus far. Hopefully they continue to make great products. I like Chamath's vision for the type of world we are moving into and the technologies that wil dominate the future.

[grandbaycentral]

Alux is so addictive. I always come back to watch more. Well done Alux.

[natep]

I've heard of Fintech but I thought it was maybe a Finland technology company lmao. Thanks Alux for this highly informative video

[michaelpierre-charles]

What books would you recommend on the Fintech industry?

[newmrmoney]

Very interesting video! I should consider that in my next vids.

[Shazistic]

Random fact

In the 16th and 17th centuries in the country of Turkey, anyone caught drinking coffee was put to death.

-The Shades

[sam_is_joy]

Thanks alux for putting me in the loop on fintech.

[anilbalija]

This a great topic, and as usual Alux team is ahead of curve finding topics most relevant for future

[surendrashekhawat]

Revolut Fintech is great and keeps on growing but my only concern is getting loans in Ireland that’s the only reason banks are still keeping up lol

[ABWSKITCHEN]

What a great way to get information, we always get inspired from here, cooking and teaching future millionaires.