Do you know what fintech is?
Fintech is a term that unites the meaning of finance and technology and that refers to all processes, software, applications and services that use technology to improve some financial activity. An example of a very recognized fintech today is the Paypal platform.
Due to this technological revolution, many banks have reinvented their product portfolio to make the life of their customers easier when making payments from their smartphone. As an example of this, we have the different applications to make interbank transfers that are effective immediately and charge less commission. These platforms have unleashed a boom in society that now has an easier and more immediate way to move your money.
Financial technology In companies
As we know, fintech services are aimed at end customers, and employees are the internal customers of all companies. At present, information technology or IT services is used within companies as a tool to digitize internal processes, in order to have more proactive employees and make better use of time.
Today there are many IT service agencies that are in charge of analyzing the needs of small and medium-sized companies to design a technological structure that simplifies tasks, offers solutions and digitizes information.
The accounting department is one of the business areas that has benefited the most from technology and fintech for internal use, as they have been able to simplify such cumbersome processes as payroll and monthly accounting. If you want to implement financial technology in companies, an excellent option is to design custom software to optimize tasks and digitize information.
This type of IT services for companies also offers the creation of mobile applications so that employees have access through it to their pay receipts, vacation request and work profile. With this we can see that technology has been installed in companies to create organizations
Source: https: //blog.axend.io/blog/2019/09/17/como-la-tecnologia-ha-revolucionado-las-finanzas/