Fintech

Concept and definition

Fintech

What is Fintech?

Fintech is the term used to describe companies that use technology to offer innovative and automated financial services. The term is a combination of the words "finance" and "technology". Fintech companies use technologies such as machine learning, artificial intelligence, data analytics and automation to offer faster, more efficient and accessible financial services.

Fintech companies offer a wide range of financial services, including mobile payments, personal loans, online banking, investment management, insurance and cryptocurrencies, among others. Fintech services are often offered through mobile apps and online platforms that are easy to use and designed to be accessible to a wide range of users.

The use of technology in financial services can significantly improve efficiency, reduce costs and enhance the user experience. Machine learning and artificial intelligence can be used to analyse large amounts of financial data and make accurate predictions, which can help investors make informed decisions and companies manage their risks more effectively.

« Back to glossary

Do you want to get in touch?

CDRs contain data that a telecommunications company collects about phone calls, such as time and length of call. This data can be used in analytical applications.
Fill the form
Share:
How to increase a company's sales

All businesses usually plan for annual growth, although not all of them achieve it. Increasing the sales of a company in 2022 is [...]

Read More »
How Gamco revolutionized credit risk management for Bankia

In the dynamic financial world, optimizing the return on available assets is essential to the success of any lender. Gam [...]

Read More »
How do business opportunities detected by artificial intelligence materialize?

Once the basic concepts for building a commercial software with artificial intelligence are clear, where it is defined to whom to dedicate effort and [...]

Read More »
AI in the energy sector: main use cases

There is a consensus among executives of the world's leading companies about the crucial impact that Artificial Intelligence (AI) will have on the [...]

Read More »
See more entries
© Gamco 2021, All Rights Reserved - Legal notice - Privacy - Cookies