What is Financial Technology (FinTech)?

FinTech (financial technology) is a catch-all term referring to software, mobile applications, and other technologies created to improve and automate traditional forms of finance for businesses and consumers alike. FinTech can include everything from straightforward mobile payment apps to complex blockchain networks housing encrypted transactions.

In this guide, we’ll discuss the various types of fintech, the skills needed to work in the field, and the job outlook for several fintech careers. We’ll also take a closer look at a few effective ways to learn key industry skills, such as an immersive online fintech bootcamp — a great way for aspiring fintech professionals to get hands-on experience.

Simple Definition of FinTech

The term “fintech company” describes any business that uses technology to modify, enhance, or automate financial services for businesses or consumers. Some examples include mobile banking, peer-to-peer payment services (e.g., Venmo, CashApp), automated portfolio managers (e.g., Wealthfront, Betterment), or trading platforms such as Robinhood. It can also apply to the development and trading of cryptocurrencies (e.g., Bitcoin, Dogecoin, Ether).

How Does FinTech Work ?

While fintech is a multifaceted concept, it’s possible to gain a strong understanding. FinTech simplifies financial transactions for consumers or businesses, making them more accessible and generally more affordable. It can also apply to companies and services utilizing AI, big data, and encrypted blockchain technology to facilitate highly secure transactions amongst an internal network.

Broadly speaking, fintech strives to streamline the transaction process, eliminating potentially unnecessary steps for all involved parties. For example, a mobile service like Venmo or CashApp allows you to pay other people at any time of day, sending funds directly to their desired bank account. However, if you paid instead with cash or a check, the recipient would have to make a trip to the bank to deposit the money.

The Technologies That Power FinTech

Modern fintech is primarily driven by AI, big data, and blockchain technology — all of which have completely redefined how companies transfer, store, and protect digital currency. Specifically, AI can provide valuable insights on consumer behavior and spending habits for businesses, allowing them to better understand their customers. Big data analytics can help companies predict changes in the market and create new, data-driven business strategies

FinTech TRENDS

Over the years, fintech has grown and changed in response to developments within the wider technology sector. In 2022, this growth was defined by several prevailing trends:

Digital banking continues to grow: Digital banking is easier to access than ever before. Many consumers already manage their money, request and pay loans, and purchase insurance through digital-first banks. This simplicity and convenience will likely drive additional growth in this sector, with the global digital banking platform market expected to grow at a compound annual growth rate (CAGR) of 11.5 percent by 2026.

Blockchain: Blockchain technology allows for decentralized transactions without a government entity or other third-party organization being involved. Blockchain technology and applications have been growing quickly for years, and this trend is likely to continue as more industries turn to advanced data encryption. Check out our guide to blockchain technology if you’re interested in learning more.

Artificial Intelligence (AI) and Machine Learning (ML): AI and ML technologies have changed how fintech companies scale, redefining the services they offer to clients. AI and ML can reduce operational costs, increase the value provided to clients, and detect fraud. As these technologies become more affordable and accessible, expect them to play an increasingly large role in fintech’s continued evolution — especially as more brick-and-mortar banks go digital.

How Safe Is Fintech ?

FinTech companies are generally trusted by consumers — according to Forbes, 68% of people are willing to use financial tools developed by non- traditional (e.g., non-financial, non-banking) institutions. However, many fintech applications are relatively new, and they’re currently not subject to the same safety regulations as banks. This doesn’t mean that consumers shouldn’t trust fintech companies with their money — it just means that being careful can be beneficial. For most consumers, the benefits of working with a fintech company outweigh the perceived risks.

Different Type Of Fintech ?

FinTech has been used to revolutionize financial institutions for millions of people across the globe, changing how we pay each other, buy stocks and other financial instruments, and access financial advice. There are many different fintech companies offering unique services for their clients.

HOW TO LEARN FinTech (and the Five Skills You Need)

FinTech is a growing field offering a variety of job opportunities for those with relevant experience. Are you interested in a career in fintech? Here are a few pathways for learning key industry fundamentals — plus several key skills to hone right away.

Digital Banking Overwiev

The functionality of the global economy is shaped by the structure of human-oriented “needing” (needs) according to the supply-demand balance. In the process from the first industrial revolution to the present, technological revolutions have been built on the same balance. With the realization of the Internet and web-based communication, technological applications have changed our needs and brought a constantly innovative perspective. Consumer (B2C) and industrial (B2B) customers want to buy products and services at the most convenient time, place and condition, leading to the rapid digitalization of the economy and the creation of global ecosystems platforms. In the new conditions, operators of the global industrial ecosystem platforms have started to be consumers who use their preferences without any restrictions. Consumers, who are ecosystem operators, prefer social business networks and e-commerce systems that provide secure, fast and innovative payment services in product-money exchange, apart from the product methodology in choosing the supplier. It has become a basic necessity to follow new technologies in order to meet the expectations of consumers. The financial sector is no exception and must respond to this call by utilizing the Fundamental Principles of the Digital Economy. Banking has to be among the sectors that adopt and adapt to new technologies the fastest.

In this context, the digitalization of banking can be achieved with a complex of high technology platforms. The final closed-loop ecosystem should be made:

E Uniting government services, experts, customers,investment,institutions

Remote work, education and consumption caused by current epidemiological conditions complying with their solutions

To comply with the principles and regulations of joint ventures in accordance with international law, Intuitive with support for communities and education programs to improve digital literacy and provide a user-friendly user and business interface.

Digitalization Trend

Digitalization Trend And Process In Banking 2020 Process

• Modern architectural IT solutions for banks and evolution of legacy solutions,
• Main trends in the field of bank payment protection
• Data management
• Penetration of robotization technologies of artificial intelligence processes and elements
• Digitization of customer service channels
• Protection against cyber threats
• Open-source platforms, web-based solutions for bank internal processes
• Regulatory technologies
• New business models
• Development of outsourcing in banking

2021 PROCESS

• Optimization of remote work of bank employees
• Growth of online operations,
• Simplifying access to bank services
• Development of distance sales channels
• Developing security systems against cyber attacks
• Broad consensus of artificial intelligence technologies
• Transition to data-based management
• Total customization programs
• Import substitution
• Ecosystem development
• Developing your own software using Union Business construction standards,
• Increasing need for IT professionals.

Reflections

• Growth with outsourcing in banking
• Providing services for the banking sector to integrate businesses directly into the ERP1 system
• The target of 88% of banks to create common ecosystems and marketplaces
• National Central Banks piloting open APIs with approximately 200 banks
• Understanding that European banks' APIs are not ready to meet the requirements of PSD 22
• Despite the fact that banks invested 1 trillion dollars in Information Technology for 3 years, there was no increase in their income.

FinTech Products Of G & G GLOBAL

The Financial Technology establishment of G & G GLOBAL has developed rapidly in the last 10 years, with the aim of developing digital economy tools and global integration.

The GOLD IN WALLET Protocol which belongs to G & G GLOBAL, a web-based financial technology product that enables users to shop with gold in national and international markets.

At the same time, it is the rightful owner SaaS Platform, which combines the software and for data hardware suite and provides solutions access, design and facilitating business and social life processes.

Gold in Wallet is web based fintech product, which enables the client to trade with gold, by using the "brokerage services" obtained from licenced brokerage house.

Gold In Wallet Basic Functions

GOLD IN WALLET is used to invest in gold or to make gold-based expenditures.

GOLD IN WALLET is a fast and reliable transfer method among wallet owners.

GOLD IN WALLET can be used for physical gold purchase, storage and transfer. Gold Wallet is relatively less sensitive to currency risk due to its physical counterpart. Gold Wallet users access the interface using their own user account number, username and password. User interface is easy to understand and planned effectively.

The first option for the GOLD IN WALLET users is the purchase of gold.

• User decides the amount he wants to buy at livestock prices.
• As a payment method, you can pay by wire transfer or prepaid card.
• The amount requested by Gold in Wallet user is physically covered by Brokerage House
• The relevant amount is transferred to gold saving account of the wallet holder and taken to storage.
• This amount can be seen as balance and weight in the user's wallet.
• Gold in Wallet users can sell/buy gold in desired amount, anytime they wish.
• Users complete sales process by entering the bank account details that the amount wants to be deposited.
• The most important part of the application; it is an option to spend your gold as gold amount or money.
• GOLD IN WALLET users create a shopping balance by entering the amount they want to spend.
• Customers can shop on all sites that accept gold wallet payment by using the code they have created.
• They can even make online transactions via API without leaving the shopping site.
• GOLD IN WALLET users can send gold between accounts.
• The important point is that the submissions must be made in gold.
• Transfer between the two accounts can be made in gold, not money.
• This transfer can be made as a spending balance or directly in gold.

But prepaid card does not save money while you spend.

As GOLD IN WALLET users store their savings as gold, they have the opportunity to spend only as much as they need to save money. Your savings are always stored as equivalent amount of physical gold. Thus, GOLD IN WALLET is less sensitive to currency risk due to its physical counterpart.

Gold Card

Prepaid cards meet your needs as the type of card you limit by pre-loading money that you can use when shopping or paying. With these cards, you can spend as much as the amount loaded on your card. Prepaid cards are easy to use in daily life. Thanks to a wide network of merchants that share the campaigns of the banks, it provides an easier and safer payment opportunity without paying cash. In order to experience this ease, all you need to do is to identify the businesses in your area where you can use this card where you often shop and pay.

Gold Spending Card

If you like shopping on the internet but afraid to enter credit card information, it is time to meet the Gold Spending Card!

The Gold Spending Card is the payment system that allows you to spend with the existing physical gold in your Gold Wallet, on the internet or wallet-based businesses.

Have you bought a bike with GOLD on the internet!

You can easily buy gold-priced products without making any FX (exchange) from our merchants through the spending card you created in your Gold Wallet accoun

Golden Poss

GOLD IN WALLET will make a contribution to the sector with a POS converted into pure gold balance, which important gap in the jewelry sector, and have a serious network through the network. All transactions made by the with a credit card will be instantly gold. The jeweler who owns a POS will instantly follow the gold balance he very serious that can be is an will jewelers’ customer converted to be able to owns.

In addition, jewelers will be able to track and physically receive the gold from the system in return for their accumulated balances via GOLD IN WALLET. This will meet an important need of the industry

Pay Back By Gold

GOLD IN WALLET will make a contribution to the sector with a POS converted into pure gold balance, which important gap in the jewelry sector, and have a serious network through the network. All transactions made by the with a credit card will be instantly gold. The jeweler who owns a POS will instantly follow the gold balance he

In addition, jewelers will be able to track and physically receive the gold from the system in return for their accumulated balances via GOLD IN WALLET. This will meet an important need of the industry

Creating a business development platform with the integration of digital open systems of public bodies so that individual and corporate customer transactions can be carried out safely, quickly and under a zero-issue triad.

Providing direct services on tax and customs issues through digital open channel with relevant public bodies in order to effectively use the process related to the problems encountered by commercial banking customers in their import and export transactions.

Centre for product and technological capabilities within the next generation banking department.

National Treasury: The project, called the National Treasury, is conceptually a crowdfunding platform for businesses of all sizes, from the smallest to large enterprises.

Thanks to these resources, every business that registers on the platform has the opportunity to present their legally recognized digital assets, Security status to a wide audience and give the owner the right to take a stake in the company. In addition, the fund opens an account for businesses from which investors' funds will be received, with the support of banks and educational institutions.

Our task is to create the most attractive conditions for all participants in the crowdfunding chain and provide them with appropriate motivation. The mechanism on which the motivation system will be built will undoubtedly be a win-win, because it is based on the support of high-quality and interesting business ideas created within educational institutions.

We offer businesses a technology that will enable them to interact with influence agents (bloggers, watchdogs, journalists), mentors and most importantly, investors. The essence of the interaction is based on the fact that the enterprise encourages support and contributions to the company, allocating part of the funds collected and digital assets created from their own intellectual property rights in favor of the participants in the process.

Areas Of Responsibility

The platform consists of five types of participants, each playing an important role in the efficiency of the whole process.

BUSINESS The business is concerned with raising capital in exchange for the company's stock. The Intellectual Property Digital Asset Platform for business is a powerful channel to attract an investor base that pays for results.

WISE EXPERTS Wise Experts provide a stream of investors. Even with a low conversion rate, total audience reach drives business awareness using the best response rate effect – recommendations. Opinion leaders act as expert and authoritative “advisors” and gather a significant audience around them, even in very “narrow” segments. Their job is to convey to potential investors the value of a particular business and to arouse in them the desire to become co-owners of a profitable Company.

MENTOR Mentors already have an established reputation in society. The competency areas should be close to the niche in which the Business operates. Through his expertise, the mentor publicly endorses the perspective and relevance of the particular enterprise's project. The task of the mentors is to push the already "warmed up" investor to buy the company's digital assets. The activity of the mentor is somewhat similar to that of an influence representative, but the difference is that the mentor is a direct or indirect participant in the market to which the Business belongs. This is an insider confirming that the potential profitability of the Business is real.

INVESTOR The investor is a key participant because he or she has the final say - to give or not to give money. The investor should be interested in interacting with other participants on the platform in order to keep the platform operational. For this reason, the most attractive scenario for him will be the scenario where he meets İş, receives information from Wise Expert and decides to invest in moments of doubt thanks to the reputation and result of the Mentor. This scenario will be profitable for all other members of the System because the conversion rate tends to be as high as possible.

International Digital Assets Platform Based On Physical Gold

PBG is a digital asset transfer system created with the infrastructure that allows transfer transactions of the dematerialized gold, whose physical counterpart is blocked and whose standards are determined, using blockchain technology.

When existing solutions are examined, it is seen that there is no physical underlying asset behind many digital values produced with blockchain technology. Due to the fact that these digital assets are not based on a real value, high volatility is observed in their values in unregulated markets.

In blockchain-based solutions, if there is a predefined physical basis for each digital value, a dematerialized asset that does not have a separate value of its own will be transferred.

These transfer transactions must be verified by all validating stakeholders on the blockchain, but the contents of the transfer must only be monitored by a regulatory authority.

ICG is used by MY BUSINESS ECOSYTEM stakeholders within their payment gateway capabilities.

Payment gateway opportunities

PBG secure payment processes diagram

Payment Acceptance And Invoicing Service

• Available for both legal entities and individuals!
• You can accept payments not only to our details, but also directly using the details of ANY payment systems!
• Freelancers can accept payments from legal entities!
• Manage invoices and control payments - both manually and using the API!
• Work with clients not only in your country, but also abroad!
• Auto biling on schedule!
• Notify customers of new invoices by SMS and email!
• Issue and send invoices immediately after registration!

AI messenger

The All in One messenger provides instant messaging, as well as video and audio calls, has end-to-end encryption functionality and supports the maximum degree of privacy. The messenger functionality also includes the ability to create group chats.

All in one personal Omni-channel control

One application for all types of communication worldwide

Communication Processes federalization The protocol has a full-fledged implementation of the federation, which allows you to seamlessly communicate, organize common rooms for communication to users of different servers, make video and audio calls. In April 2018, the French government announced plans to create its own tool for instant messaging and the choice of Matrix as the fundamental platform for this.

Independent non politic solutions uniting people & business

Privacy & Security for social life and business When developing the messenger, we put the safety of users, as well as the reliability and functionality of the product, at the forefront. We will not hide that the main goal was the development of high security standards in the approach of this messenger to the protection of user information. It is for this reason that we have paid maximum attention to privacy issues.

Activity And Content Management

Media And SMM Content Generator

SKILL FACTORY

• Secure Transactions Function
• COVID 19 Remote Work Control
• Freelance Services Store
• Purpose Discussion and Arbitrage Service
• Billing Service
• Searching for Project Creator and Personnel

Integration

Saving Dont waste money on useless staf choose specific freelance for specific job

Control Ask your customers quastions to understand whether the work done by your staff is of good quality

Research Access customer database, manage market prices, trade transparently

4 MAIN REASONS FOR BUSINESS TO USE SERVICEPOINT

Spend just one hour and receive:

• Full payment system with accounta
• Orders management interface
• Personal online site and CRM

SERVICE POINT ALGORITHM

Option One Find services you need in comfortable you language and geolocation

Option Two Explore offers prices reputation and masters portfolios work

Option Three Make and order and start the save deal by smart contract

Option Four When work is finished approve it and only at that moment the executor will receive money for job from escroll account in favour of beneficiary