NAMA : Saskia Fanny satira
Nim : 2581484824
Good morning everyone, today I got an assignment to read a book about the fintech book by Susanne Chishti and Janos Barberis, and watch YouTube what is fintech,
• The first search about, WHAT IS THE CORE DEFINITION OF FINTECH, AND HOW DOES IT DIFFER FROM TRADISIONAL FINANCE?
= What I know is that fintech is an innovation that combines technology and the financial services sector becomes more efficient, affordable and inclusive, and the differences between fintech and traditional finance are: 1. Traditional finance is more stable, but often slow in adopting technological innovations. While fintech is more dynamic and quickly adapts to technological developments
• and the second is to look for IDENTIFY AND DESCRIBE AT LEAST THREE KEY DRIVERS OF THE RECENT FINTECH BOOM.
= 1. Changes in technology and digital infrastructure, for example: cloud computing, blockchain
2. the need for more inclusive financial services, for example: mobile banking.
3. changes in the environment and government support
So, with the third factor, Fintech data has developed rapidly and changed the way we access finance
• and the last one is searching, WHAT ARE THE MAIN CATEGORIES OF FINTECH COMPANIES AND HOW DO THE DIFFERENTIATE THEMSELVES?
= The main categories of Fintehc companies are:
1. Investment management (technology-based investment management), for example robo-advisor
2. digital banking (digital-based banking such as accounts, savings, etc.)
and according to the article “a brief history of Fintech The way they differentiate between them is Modern business models such as B2C (business to customer) US B2B (Business to business vs (customer to customer)
So that’s enough of the article or conclusion that i can convey when i read the the fintech book and watched youtube What is Fintech