It also allows users to ask basic questions and find quick information on the fly without having to log into their mobile app. Between 2019 and 2023, the number of fintech unicorns ballooned from 39 to 272, and the market capitalization of fintech companies doubled. The rapid digitization, automation and enhancement of financial services has led to greater convenience for consumers. Fintech, short for financial technology, is a term used to describe the integration of technology into a financial service or process, with the goal of enhancing or automating it. All qualified applicants are strongly advised to carefully read all relevant information including guidelines and admission requirements for undergraduate and postgraduate applicants before applying. Companies use a blend of finance and tech expertise to bring innovative products to market.
Fintech Industry Overview
Reorg’s fintech software gathers credit intelligence, data and analytics for financial services clients who need to know the intricacies of the markets and commodities they work with. Using advanced data gathering and analysis that is powered by AI, the company provides this intel through a dashboard where clients can view real-time editorial reports, transcripts and other intelligence assets. Cloudwalk is developing a new payment platform for businesses using blockchain.
The company offers money transfer capabilities for more than two dozen countries, and its customers can deposit and withdraw funds at Post Office branch locations. This list includes some of the country’s top companies using technology to help us manage our money. Adyen makes digital solutions that a variety of business types use to facilitate online and in-person payments, access actionable data insights and streamline financial management. The international fintech company established its Sao Paulo office in 2011 as the first of its operational sites in Latin America. Creditas is a São Paulo-based fintech company that now also operates in Mexico and Spain. The company provides a bevy of solutions and products for businesses and consumers, including a vehicle marketplace, auto loans, home insurance, integrated financing solutions and more.
Some banks also allow third-party software applications to access a user’s financial information, which is called open banking. Some examples of fintech banks or neobanks are Chime, Current, Aspiration and Varo. Chime offers a range of digital banking services to more than 22 million users. It also provides no-fee Visa debit cards and automatic savings tools to help users manage their finances. Affirm is a fintech company offering installment loans, interest-free payments, virtual credit cards and savings accounts. Its goal is to equip consumers and businesses with the tools they need to purchase goods and services.
Other notable groups include the Federal Trade Commission, the Consumer Financial Protection Bureau (CFPB) and the Security and Exchanges Commission. Fintech companies must remain compliant with laws established by federal groups, as well as any laws in states where they operate. All UPSA graduates including those who will graduate in August 2025 should indicate their STUDENT ID NUMBER on the on-line application forms. Generally, your student ID number serves as both username and initial password, which you are advised to change after your first login. What should I do if the admission portal is under maintenance or experiencing technical difficulties?
- You can purchase OSNs at designated banks (e.g., Ecobank, Access Bank), Ghana Post branches, or via mobile money short codes (e.g., 8879# for undergraduate/postgraduate, 88718# for professional programmes).
- Note that only applicants who have purchased an E-voucher with this service can view their transaction history.
- Since 2011, Remitly has been tirelessly delivering on our promises to our customers sending their hard earned money home.
- Stride Funding is a fintech company that offers alternative education financing for students and families.
- Through a consultation process, clients collaborate with Beyond Finance experts to select the most suitable debt resolution option, with progress tracking facilitated by the company’s mobile app.
Riskified
With Dave Spending, users can budget, track finance goals and oversee their Dave debit card with no overdraft or minimum balance fees. Users may choose to hold a physical or digital Dave card, which offers rewards and is Apple Pay and G Pay-compatible. Along with banking management, the platform also offers perks like in-app instant cash and a connected side-hustle network for job seekers.
What Is Fintech Lending?
Robinhood is an investment app that offers commission-free trading of stocks, ETFs, options and cryptocurrencies up to 24 hours a day, five days a week. Trumid’s fixed income trading platform offers analytics tools that are based on real-time data. It has a portfolio of flexible protocols to enable personalized user experiences that support each traders’ goals and make liquidity accessible. Chainlink Labs is a decentralized computing platform that enables verifiable applications. The company provides financial institutions, startups and developers with access to real-world data, off-chain computation and secure cross-chain interoperability across blockchains.
Fintech Lending Companies Upending the Credit Card, Mortgage and Loan Industries
Its pre-authorization services and ATO prevention include tools such as chargeback guarantees, dynamic checkouts and alternative payment processing. Fintech lending companies use technology like artificial intelligence, big data and even blockchain to make life a lot easier for both borrowers and lenders alike. They give lenders fast access to the data they need to approve loans, and help borrowers get their money faster than walking into a brick-and-mortar financial institution. In an online-centric age rife with innovations, hackers and identity thieves are constantly at work scamming and phishing their way into bank accounts and compromising personal information. Some anti-fraud efforts, like the EMV chip on credit cards, have cut down on card cloning, but there’s still a long way to go. For example, Robinhood doesn’t charge fees for opening and maintaining brokerage accounts while Public.com lets investors purchase portions of shares — known as fractional shares — to avoid hefty stock prices.
Through its InfinitePay platform, which includes point-of-sale hardware and mobile software, businesses can process payments instantly and deposit revenue to their bank accounts. According to Cloudwalk, its payment platform is beneficial for small and medium-sized businesses. LoanStreet aims to make it easier for financial institutions — including credit unions, banks, lenders and loan investors — to manage their loan portfolios. Its platform is designed to streamline processes and provide reporting and analytics tools that lead to actionable insights. Kikoff offers credit building solutions meant to support consumers’ financial goals.
Regulation technology (regtech) tools track and analyze transactions to alert companies of suspicious online activities. Coordinating with regtech companies, institutions can then quickly identify issues and take steps to counteract fraud, cyber attacks and other problems. Regtech companies can also assess an institution’s data to determine the risk of failure and make relevant suggestions. Fewer fees and online access have made fintech a viable alternative for communities that have been traditionally underserved by the finance industry. Over 90 percent of Hispanic consumers use some kind of fintech, followed by 88 percent of Black consumers and 79 percent of Asian consumers. Zilch offers its users a deferred-payment service, which it subsidizes with ad revenue generated by customer purchases.
- Ranked the highest-value point currency by top publications, Bilt Points…
- Some examples of fintech banks or neobanks are Chime, Current, Aspiration and Varo.
- From mobile car insurance to wearables for health insurance, the industry is staring down tons of innovation.
- Gynger is an alternative financing fintech platform that offers up-front funding to companies to finance their software expenditures.
- Together.People on every continent around the world are choosing Wise to help them live, travel and work internationally.
Some of the tasks Ally Assist handles include payments, deposits, transfers and detailed information requests. The assistant learns from users, anticipating needs and recommending solutions. Some fintech banks go above and beyond, offering virtual assistants to make the mobile experience even simpler. From text- and voice-enabled payments to fraudulent alerts and credit score notifications, virtual assistants are already enhancing the relatively new world of mobile banking.
If your grades were updated but not reflecting, or if you need to submit new grades, go back to the online application system to generate a new applicant’s declaration showing your updated grades. Have it endorsed and bring it along with your other documents for registration. If admitted, you can log on to admission.upsa.edu.gh and use your 13-digit OSN (from the receipt issued at the bank) to access and print your admission letter and Guidelines for Fresh Students.
It offers businesses digital escrow accounts, cash management services (such as night deposit drops) and commercial lending. Its personal services include safe deposit boxes, traditional checking and saving accounts and more. Big banks have apps, online banking and digital features like mobile deposits and transfers, but many regional banks and community financial centers aren’t able to offer those perks to their clients.
Supernova Technology
Simply Business is a fully digital insurance brokerage focused on serving small-business owners. With a dedication to using technology and data, Simply Business aims to simplify insurance procurement while offering a range of coverage options including general liability and professional indemnity insurance. Offering an all-in-one SaaS platform and hardware for restaurants of all sizes, Toast’s London office is in the heart of the city, just a stone’s throw away from many of its customers.
More specifically, consumers can report complaints, learn financial terms and review federal policies. Automation simplifies the investing process for less-experienced individuals. Many companies employ robo-advisors that provide recommendations and even select stocks after users answer questions about their financial interests and fintech examples risk tolerance. If users prefer to build their own portfolios, robo-advisors can still analyze a user’s stocks to offer feedback on managing risk. Companies that provide robo-advisors and automated investing include Wealthfront, Stash and Acorns.