Fintech or financial technology provides mechanisms for the optimization of resources, the automated management of processes and the digitization of financial advisory services. All this is possible through the implementation of technologies such as Artificial Intelligence, Blockchain or Big Data.
Fintech emerges as a response to a changing society that demands personalized services and attention tailored to their needs. This type of companies is characterized by speed, security and transparency in operations.
Fintech, blockchain and its evolution
One of the biggest advantages of blockchain is that it allows all cryptocurrency transactions to be immutable and completely traceable, since the information of each transaction is permanently stored in the chain of blocks. This generates security for users, who are certain that they will have accurate information about their assets at all times.
2020 was positive year for this new business model; there was significant progress in the incorporation of new technologies in society. According to a World FinTech Report 2021 by Capgemini and Efma, 25% of consumers globally require faster deliveries, personalized services and convenience. They also say they are willing to try banking products from these new players.
However, trust in traditional banks remains high. The same report revealed that 68% would try a fully digital offering operated by the same bank.
Commitment to smart economy makes it possible to open the doors to new markets and adapt to consumer demands. At the BISITE Research Group, we make this possible with projects such as IntelFin.
The global economy is evolving and therefore requires specialists capable of embarking on and even anticipating the needs of users. To this end, specific training in this area is essential, as it will provide a broader view of digital finance.
The Master in Fintech at the University of Salamanca will allow you to lead and coordinate projects applying Artificial Intelligence and predictive models for the creation of innovative financial products and services.