What is Fin?
Fin, short for financial technology, refers to the use of technology in the financial services industry to improve and automate financial processes. It encompasses a wide range of services and products, from mobile banking apps to robo-advisors.
Examples of Fin
- Mobile payment apps like Venmo and PayPal
- Robo-advisors like Betterment and Wealthfront
- Cryptocurrency exchanges like Coinbase
- Peer-to-peer lending platforms like LendingClub
Case Studies
One notable case study in the Fin industry is the rise of mobile banking apps. These apps have revolutionized the way people manage their finances, allowing them to check their account balances, transfer money, and pay bills with just a few taps on their smartphones.
Statistics
According to a report by Statista, the global FinTech market is projected to reach $305 billion by 2025, with a compound annual growth rate of 22.5% from 2021 to 2025.
