¿Qué es Fintech?

Summary

The video explains that fintech combines the words finance and technology. It refers to financial companies and services that use technological innovations to offer products to customers.

Fintech activity is grouped into four main areas:

• Payments and transactions
• Personal finance management
• Consulting and marketing platforms for investors
• New ways to provide financing and credit

Examples include digital banking, online loans, internet-based currency exchange, and digital payments.

Fintech companies aim to introduce technology-supported financial services, offer banking products entirely online, and reduce the cost of financial systems. Lower costs may make a wider range of banking products accessible to more people.

Fintech companies operate in areas such as mobile banking, Big Data and predictive models, crowdfunding, cryptocurrencies, and automated process management.

At the time of the video, Spain was said to rank fifth worldwide for people’s use of fintech products and services. The video also estimated that Spain had just over 200 fintech companies employing around 2,500 people, with that number expected to double in 2018.

Speakers and Sources

• Narrator/presenter: An unnamed presenter speaking on behalf of Computer Hoy.
• Other speakers: None identified in the subtitles.
• Sources: The video refers generally to “the latest studies” for its ranking and figures but does not name a specific study.