Financial Technology & Automated Investing
From online brokerages increasing the ease of trading to mobile banking lowering the barriers for consumers to have access to the banking system, fintech has brought many advantages for consumers.
Guide to Financial Technology
Frequently Asked Questions
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Fintech is a portmanteau of the words “financial” and “technology,” and refers to technologies used in the financial sector of the economy. This includes things such as online banking apps, online stock brokerages, and mobile payment apps.Learn More Financial Technology Definition
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Moore’s law is a name given to a prediction by Intel co-founder Gordon Moore that the number of transistors that could be put on a computer chip would roughly double every 2 years. This trend held true for several decades after it was made in the 1960’s, and the exponential increase in transistor density has continued, albeit, not at the same rate.Learn More Moore's Law Definition
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Quantum computing is a field of computing that uses the principles of quantum mechanics to change the way computers store and process information. Specifically, instead of data being stored as bits, which are individual units of binary code, they would be stored as Qubits (a portmanteau of “quantum” and “bits”). Qubits would be able to be in a quantum superposition of being both 0 or 1, which would allow significantly great processing capability.Learn More Quantum Computing Definition
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Open banking, is a practice that involves the sharing of financial data between financial service providers through the use of application programming interfaces (APIs). This practice could potentially open up new options to consumers and/or significantly compromise individuals' data security and privacy.
Learn More Open Banking Definition
Key Terms
- Cost Per Click (CPC)
Cost per click (CPC) is a model that some websites use to bill advertisers who advertise on their sites. It charges advertisers a certain amount, the aforementioned CPC, per time a visitor to the website clicks on the ad displayed there. Some sites use a different model which charges advertisers per certain number of people, usually 1000, who see an ad. That model is called “cost per mile.”
- Mobile CommerceMobile commerce, also known as m-commerce, is the use of smartphones, cell phones, and similar mobile devices to make commercial transactions. This can include purchasing items or paying bills.
- InsurtechInsurtech is a portmanteau of “insurance” and “technology,” and refers to the technology used by the insurance industry. Examples include mobile apps through which people can purchase insurance.
- QR CodeA quick response (QR) code is a kind of barcode that can be read easily by a computer. It stores information in a square-shaped grid, rather than a series of lines like a conventional barcode.
- Material Requirements Planning (MRP)Material requirements planning (MRP) is an inventory management system that uses software to keep track of and manage a business’s inventory and supply chain. It requires significant initial costs and high-quality data, but can increase supply chain efficiency if those requirements are met.
- Mobile bankingMobile banking is when banking services are used via mobile devices such as smartphones.
- Graphics Processing Unit (GPU)GPUs are a particular type of computer chip that is specialized at creating computer graphics. They were traditionally used to allow computers to play games and do 3D art and design. However, the kind of mathematics involved in computer graphics is of a similar type to the kind used to mind Bitcoin and train AIs, so the demand for GPUs has risen substantially in recent years as new uses have emerged.
Embedded Finance: Everything You Need to Know
Mission Investors Exchange (MIE): What It Is and How Membership Works
Financial Technology (Fintech): Its Uses and Impact on Our Lives
Material Requirements Planning (MRP): How It Works, Pros and Cons
What Is a Virtual Assistant, and What Does One Do?
Explore FinTech
How to Automate Your Investing
Overview of Insurtech & Its Impact on the Insurance Industry
Cost Per Click (CPC) Explained, With Formula and Alternatives
Open Banking: Definition, How It Works, and Risks
The Rise of the Computer-Built ETF
Mobile Payment: Payments Made From a Smartphone or Tablet
Electronic Data Gathering Analysis and Retrieval: Overview, FAQ
Constant Ratio Plan: Meaning, Types, History
How Does Zola Make Money?
5 Notable Bain Capital Investments
Robotic Process Automation (RPA): Definition and Benefits
Decentralized Market
What Is a Black Box Model? Definition, Uses, and Examples
Chatbot Definition, Types, Pros & Cons, Examples
Dematerialization (DEMAT): Definition, How It Works, Benefits
How Riskalyze's Risk Analysis Software Works
RegTech: Definition, Who Uses It and Why, and Example Companies
Eavesdropping Attack: Definition, How They Work and Prevention
In-App Purchasing: Definition, Conveniences, and Securities Risks
Mobile Banking
Very Small Aperture Terminal (VSAT): Definition and How It's Used
How to Use Software to Make Arbitrage Trades
Hierarchical Deterministic (HD) Wallet: Meaning in Cryptocurrency
What Is MoneyLion? How It Works, How to Get a Loan, and Fees
The Complete Guide to Choosing an Online Stock Broker
Interactive Brokers Adds Features to IBKR Mobile
8 Best Cloud Storage Solutions for Small Business
Is Apple Pay Safe?
The Future of Fintech
Circle (Financial Services Company)
Digital Transaction Definition, How It Works, Benefits
How Splitwise Makes Money
Rate of Adoption: How it Works, Examples
Digital Transaction Management: What It is, How It Works
Split Payment: Meaning, Examples and Use Cases
CHIPS UID: What it is and How it Works in Fintech
Aggregation: Meaning, Importance, Effects
Electronic Payments Network (EPN): What it is, How it Works
Micropayment: What it is, How it Works in Fintech
Financial Innovation: Definition, Role, Categories, and Examples
Distributed Applications (DApp): Meaning, Example, Blockchain
Payza: Meaning, Business Model, Legal and Technical Issues
Micro-Investing Platform: What it Means, How it Works
Interledger Protocol: What it Means, How it Works
Dual Interface Chip Card: What it Means, How it Works
Social Payment: What It Means, How It Works, Pros and Cons
Collaborative Economy: Meaning, Examples, Challenges
How KakaoTalk Makes Money
Interchange: What It is, How It Works, FAQs
eIDV (Electronic Identity Verification)
Large Value Transfer System (LVTS): Meaning, How It Works
Automated Confirmation Transaction Service (ACT) Overview
Banknet: What It Means And How It Works
Data Anonymization: Meaning, Techniques, Reasoning
Mass Payment: What It Is, How It Works, Execution And Benefits
Financial Portal: What It Is, How It Works, Example
Corporate Trade Payment (Ctp): What It Is, How It Works
How the Dave Budgeting App Works
Mastercard Acquirer: What It is, How It Works
Liberty Reserve: What It is, How It Works