Decoding the fintech phenomenon and the rise of fintech SaaS companies
The term “fintech” has become a buzzword in the ecommerce era. At its core, fintech, or financial technology, refers to the innovative use of technology to design and deliver embedded financial services via applications. It’s the driving force behind the digital transformation of the financial industry and the integration of financial services into non-financial products and applications.
Resources like fintech as a service (FaaS) companies, AI and blockchain give developers more tools than ever before to build innovative commerce experiences. That’s why the global fintech as a service market is expected to grow 16.9% annually between 2023 and 2028, and why fintech developers will be in high demand.