FinTech

Market Definition Mutual Funds (MFs) are termed as a merged collection of money accumulated from a diversified group of investors to invest the collected amount in stocks, bonds, short-term debt, and other securities. By making an investment in such funds,... Read more

Market Definition Commercial insurance is also known as business insurance, a protection plan that is principally designed to insure a business & financially protect it from common risks like client lawsuits, property theft & damage, natural disaste... Read more

Market Definition Application to Person (A2P) is a type of SMS service often utilized for notifications, reminders, and other communication between an application and a person. It provides two-way communication between the application and the consumer by al... Read more

Market Definition The buy now pays later (BNPL) is a financial option integrated into online shopping e-commerce platforms that allow customers to easily borrow & break their payments over a relatively short period with low-interest rates compared to c... Read more

Market Definition Cryptocurrency, a virtual currency secured using cryptography to track transactions & prevent fraudulent acts, works through decentralized networks based on Block chain technology. It eliminates the chances of identity theft using auth... Read more

Market Definition A Peer-to-Peer (P2P) payment is the process through which users can transfer funds from their bank account to that of another individual using the Internet. Pay Pal, Venmo, Google Pay, Paytm, Cash App, Amazon Pay, etc., are a few major P2P... Read more

Market Definition InsurTech is a technology designed principally to bring operational efficiency to the insurance sector. These solutions are meant to cater to the creation, distribution, and administration of an extensive range of operations associated wit... Read more

Market Definition Contactless payment is a convenient transaction method that allows the user to make payments using Radio Frequency Identification (RFID) technology, without the need to swipe or enter PIN for transactions. Contactless payment offers substa... Read more

Market Definition Financial cards are part of the overall payment system issued by a financial or any other institution, such as a bank, to a customer that enables its owner (the cardholder) to access the funds in the customer's designated financial acc... Read more

Market Definition Financial technology, or FinTech, involves the use of modern technologies in order to enhance or automate banking & investing activities. The world is witnessing an increasing adoption of Artificial intelligence (AI) services by financ... Read more