Financial technology (FinTech) The development of new technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. Those engaged in the industry develop new technologies to disrupt traditional financial markets.
Peer-to-peer (P2P) lendingNon-bank financial intermediaries that are able to lend money to individuals or businesses through online services that match lenders with borrowers. Sometimes known as ‘crowd-lending’.
Crowdfunding Enables individuals to contribute funds to a specific company or project via an online platform.
Whilst these new entrants are not replacing the traditional high-street banks, they are opening up new avenues for products and services.
Banking ...
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