07
Apr
Financial technology, or fintech, is a term used to describe the innovative use of technology in the financial industry. Fintech companies use technology to develop new financial products and services, often disrupting traditional banking and financial institutions. Fintech has been growing rapidly in recent years, with the global fintech market expected to reach $460 billion by 2025. While fintech innovation has the potential to revolutionize the financial industry, it is important to balance this innovation with consumer protection. Consumers are often at risk of being harmed by new, untested financial products and services, which can lead to financial loss or…