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The evolution of financial technology: trends and challenges

Financial technologies and their business opportunities Technological progress affects various processes, including consumer behaviour. Whereas it used to take several years to implement innovations, today, they are part of everyday…

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The evolution of financial technology: trends and challenges

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Financial technologies and their business opportunities Technological progress affects various processes, including consumer behaviour. Whereas it used to take several years to implement innovations, today, they are part of everyday life in less than a year. Of particular note are modern financial technologies, which have transformed the payment system and opened up huge opportunities for businesses and end consumers. The modern payment ecosystem is a unified environment in which the transfer of money takes place through the interaction of electronic devices, banks and financial companies. This integration makes transactions between sellers and buyers as fast and secure as possible. The…