Articles
Types of Fintech Activities in Hong Kong
Updated on Monday 23rd April 2018based on 3 reviews
Fintech, or financial technology, is based on using digital and mobile platforms for performing traditional financial management tasks. From digital banking to personalized insurance solutions and financial counseling, fintech companies offer a wide range of services to individuals and companies.A list of fintech activities
- Personal finance: software designed to streamline wealth and finance management for individuals; can include solutions for investment management or simply for money management.
- Blockchain: the technology behind Bitcoin and other cryptocurrencies can be used to provide a much wider range of services
- Insurance: the “insuretech” subsector is designed to customize the user’s experience with insurance policies; these types of companies offer software and internet-based services for customizing insurance policies, assigning risk categories and much more.
- Digital banking: perhaps one of the most popular applications of financial technologies, digital banking is the digitization of traditional banking activities; fintech companies can offer banking services at the touch of a button.
- Payment solutions: efficient platforms used for making payments that offer integrated services; can be offered for mobile devices.
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