The Fintech sectors have even today continued to see a major explosion of growth in the past few years. And as we continue to see a closer tie between the financial and the technological companies we would want you to explore the seven largest Fintech software developmental sectors velvetech.com.
Why does it matter so much? If we are able to understand the top sectors, it will then turn out to be really very easy for us to see how these Software developmenttrends in the next few years will continue to affect our company. So let’s have a look at them below.
Investment: This is something that almost turns out to be prehistoric now. But traditionally if you really want to trade a stock then it’s only a broker who could actually order a stock certificate for you. And the physical stock certificate exchanged hands on the trading floor where the broker actually got you the stock. But now the things have actually changed. You can now do a quick and easy trades on your mobile device without the assistance of the human in just a few minutes. Remember using the right technology will help you make the right payments.
Crowd Funding: With over more than 150 Crowd funding sites and more than 16$ billion of transaction made, the crowd funding space here is on the rise. Crowdfunding is generally believed to be the cousin of P2P, and there are generally three types of crowdfunding.The first is for all those individuals who have been investing in the new products or are planning to invest in the product. The sites like kickstarter do show you with the latest gizmos and gadgets when they first launch. Second the charities use crowd funding in order to support their cause and the last but not the least, some of the crowdfunding sites give their investors some small piece of equity with a new start up look in order to raise some funds.
Payment and the billing software: This digital payment sector is believed to have conducted more than $2.7 million of transactions last year. And they did this by the litany of technologies like the block chain, the new risks management tools, and the last but not the least the mobile payment systems. One good example for this is tracking down the age of all the missed payments. If the payment is a day or two late then all that you can do here is send a reminder to the payee in order to pay the bill.
As the Fintech market continues to explore we do get to see many investors in this field. The organizations will continue coming up with the new ideas that will make the life of the people even better, and thanks to the combination of finance and technology. So what other sectors of Fintech do you think will help you earn more? How have the above sectors worked out for you. Leave your comments below. We would love to hear from you.