• Terms and Conditions
  • Privacy Policy
  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Contact Us
Sixsense News
Advertisement
  • Home
  • Business
  • Economy
  • Fintech
  • Finance
  • Insurance
  • Market
  • Startups
No Result
View All Result
  • Home
  • Business
  • Economy
  • Fintech
  • Finance
  • Insurance
  • Market
  • Startups
No Result
View All Result
Sixsense News
No Result
View All Result
Home Fintech

Types of fintech companies : fintech

/u/Lyricalafrica by /u/Lyricalafrica
October 6, 2022
in Fintech
0


  • Insuretech: Insurance companies are known for their conservative approach to risk management and long-term investments. They can be considered a fintech company because they use information technology to manage risk, but this is not the core business of most insurance firms. Some insurance firms deliver their services directly to consumers through mobile apps or via USSD.

  • Lending fintech companies: These businesses provide loans or other financial services to individuals and small businesses digitally. They have credit scoring mechanisms that leverage AI and data analysis to understand the creditworthiness of their clients. They also take advantage of technology to remotely verify user identity and asses their risk levels.

  • Payments: A payments company provides money transfers between users’ accounts in real-time using software applications like Venmo or PayPal. This mode of payment moves people from using physical cards and cash money to paying digitally using apps or even sim cards as experienced in east Africa through M-pesa.

  • Digital cards provider: Some fintech companies major in issuing digital cards. This is a solution that enables users to pay internationally while using digital cards. It is a service that can be offered by other fintech companies as an add-on to its clients.

It is worth noting that these are not the only types of fintech companies that exist. There are many that I have left out including group savings, group lending, investment fintech, and trading fintech companies. The list goes on and on.

What other type do you think has been left out?

Related articles

PicsArt Photo & Video Editing App Latest Version

March 30, 2023

ChatGPT and Other Types of Generative AI Will Help Automate Your Financial Crimes Case Management Pr

March 30, 2023

How to start a fintech company



Source link

Tags: companiesfintechTypes

Related Posts

PicsArt Photo & Video Editing App Latest Version

by Noor
March 30, 2023
0

Share Tweet Share Share Email Are you tired of using ordinary photo editing apps that provide limited options...

ChatGPT and Other Types of Generative AI Will Help Automate Your Financial Crimes Case Management Pr

by Sixsense News
March 30, 2023
0

In banking and technology, ChatGPT and other types of generative AI is on most people’s mind.  In talking with clients...

Cloud Tech is Friend Not Foe in Quest to Achieve Greater Trust in Data Sharing and Availability

by Francis Bignell
March 30, 2023
0

The European economy’s pace of digitisation is hitting new heights. As a result of this, the 2030 vision for tech...

How ChatGPT will revolutionize the software development industry/process

by Ali Bajwa
March 30, 2023
0

Share Tweet Share Share Email The future of language technology is the revolutionary AI model ChatGPT. It is...

Why choose Holle Goat Formula?

by Henry Smith
March 30, 2023
0

Share Tweet Share Share Email About Holle Holle makes organic baby food of Demeter quality. The company was...

Load More

PayPal’s BNPL offering has an advantage over Apple Pay Later

March 30, 2023

Rockwell Medical, Inc. (RMTI) Q4 2022 Earnings Call Transcript

March 30, 2023

Exclusive-Germans shun foreign deposits on fear of new crisis By Reuters

March 30, 2023

Analysts say next week’s BoI rate hike won’t be the last

March 30, 2023

Nifty sheds 431 pts in March F&O series, Nifty Bank slips 91 pts — here’s what to expect in April | Nifty 50, Nifty Bank in March FO series

March 30, 2023

PicsArt Photo & Video Editing App Latest Version

March 30, 2023
Sixsense News

© 2022 Sixsense News All Rights Reserved.

Navigate Site

  • Terms and Conditions
  • Privacy Policy
  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Contact Us

Follow Us

No Result
View All Result
  • #3158 (no title)
  • Business
  • Economy
  • Finance
  • Fintech
  • Insurance
  • Market
  • Startups

© 2022 Sixsense News All Rights Reserved.