Sentence examples for fintech from inspiring English sources

Instead, a lender commits its money until the final payment is due and it bears the risk of default.The lithe and the lumberingIf fintech platforms were ever to become the main sources of capital for households and firms, the established industry would be transformed into something akin to "narrow banking".

Nonetheless, the fintech revolution will reshape finance and improve it in three fundamental ways.First, the fintech disrupters will cut costs and improve the quality of financial services.

Yet so far they have let fintech flourish, and thereby done more good than harm.All told, financial-services firms in fields that fintech could potentially disrupt generate global revenues estimated at $4.7 trillion a year and profits of $470 billion, according to analysts at Goldman Sachs, a bank.

They used to dismiss fintech as an amateurish attempt to take on a venerable industry, with no hope of disrupting it, but have stopped scoffing.

Traditional banks would take deposits and hold only safe, liquid assets, while fintech platforms matched borrowers and savers.

This requires skill in identifying creditworthy customers, which fintech outfits reckon they can do better than banks.

Outrageously unfavourable exchange rates imposed by banks when sending money abroad, once unavoidable, can now be circumvented via dozens of online money-changers.No matter which service fintech newcomers "unbundle" from incumbents, the banks' business model will suffer.

A handful of fintech insurgents have already graduated from startups to listed companies, achieving billion-dollar valuations.

For young businesses and borrowers on the fringes of the banking system, risk assessment that scours the online world for information is better than a loan officer in a branch.Third, the fintech newcomers will create a more diverse, and hence stable, credit landscape.

More important, the fintech firms avoid the two basic risks inherent in banking: mismatched maturities and leverage.

No fintech product comes close to matching the convenience and security of a current account at a bank.