Fintech is the short form for financial technology. It can be defined as a measure to use technology to have great access of financial aspects. Finance is the most important part of the working of an organization. Every aspect of money is examined by the finance department of the company. A company that lacks the measure to have a proper technique to control its finance, as well as handling the finance that is available to it cannot survive in long run. The major aspects of a profitable company are molded as per the directions provided by the company’s finance department. It is not limited to that, but it has importance to various other industries of the market such as financial institutes, insurance company, trading, etc.

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