Chances are, you have heard the phrase “FinTech” being thrown around – on television, in the news, or even in cities as additional businesses begin to open. FinTech is becoming so big that last year alone the industry has received $17.4 billion in investment globally.
But do you actually know what FinTech is and how it relates to you and your business?
What is FinTech?
FinTech, stands for Financial Technology. FinTech is new technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. It can also be described as a new financial industry that applies technology to improve financial activities. These businesses provide financial services by making use of software and modern technology.
Examples of FinTech
- Credit tracking companies
- Retail investment companies
- Business management tools like payroll systems
- Payment acceptance companies
- Equity financing
- Fraud protection
- Retail Investment
- Peer-to-peer funding
Payment Acceptance examples of FinTech
- Smartphone payments
- P2P Payments
- Online payment acceptance
- Payment integrations
- NFC Payments
- Mobile Wallets
- Mobile POS systems
How can FinTech help your business?
Currently, one third of consumers are using two or more FinTech services. So, chances are, you are already using a FinTech service- either personally or for your business.
FinTech services leverage with technology – often cutting down on costs for your business.
FinTech companies can help your business expand its reach beyond your day-to-day sales. It can also provide internal and external management tools. With FinTech, you can streamline your payroll systems, or accept payments on a mobile POS system – which also helps you manage your inventory, employees, and sales.
If your company needs a loan or help making investments, you no longer have to go to a bank. Now you have options. You have your choice in FinTech companies to pick from – which ultimately helps your business focus on its goals, as well as make smarter financial decisions.
Now you know that International Bancard is a FinTech company. We help businesses every day by providing them technology-advanced payment acceptance solutions including: integrations for online payments, B2B eInvoicing, mobile payment acceptance, digital gift cards, online business management tools, and equipment allowing you to take your payment acceptance on-the-go.
In fact, International Bancard has a team of integration solutions specialists that focuses on making sure businesses can accept payments easily through a variety of platforms and guarantees a smooth transition during the integration process.
Never again does your business have to settle when it comes to payment acceptance solutions. Let International Bancard take your business to the next level with our FinTech solutions.
Schedule a call now to get started!