The Future might not be as good looking as we want it to be. But there are some technologies out there which will make the end-user experience faster and more enjoyable, yet at the same time reduce costs and management expenses. This technological advancement is none other than FinTech.


What is Fintech?

Fintech stands for Finance (FIN) + Technology (TECH). It is described as the use of new tech that helps to improve the delivery and use of various financial services that are automated.

Cryptocurrencies and distributed ledger technology are some of the best examples of fintech related developments.

What are the available applications of FinTech at the moment?

Applications of fintech to investment management include:

  • Text analytics,
  • Natural Language Processing,
  • Risk Analysis,
  • Algorithmic Trading,
  • and Robo-Advisory services.

What do they mean?


Text analytics refers to analysing unstructured data in text or voice forms.

FaceBook uses Text Analytics using its platform(s) to offer you personalised Ads.

Ever messaged a friend regarding a particular item on Facebook or Instagram and saw an Ad of the same item the very next moment?
That’s exactly what Facebook does using Text Analytics.


Natural language processing is the use of computers and artificial

intelligence to interpret human language. Natural language processing is one of the most growing Fields and Tech Giants such as Google, Amazon and Apple have invested Millions, if not billions on this.

Some prominent examples of natural language processing could be:

  • Spell check
  • Autocomplete
  • Voice text messaging
  • Spam filters
  • Related keywords on search engines
  • Voice Assistant such as Siri, Alexa, or Google Assistant

To excite you more about this, Google had issued a statement in January 2019 claiming that its Google Assistant would soon reach about 1 Billion Devices.

Exciting, isn’t it?



Risk Analysis can also be done using FinTech Applications. There are softwares available on the Web which can help you get your credit rating.

PaisaBazaar’s credit report uses Fintech to analyse your credit rating and risk analysis.

Credits: Deloitte


Deloitte has shared one of its Models of Risk Management here.



Algorithmic trading refers to computerized securities trading based on a set of predetermined rules entered by the user.

Wikipedia has a very good article written on Algorithmic Trading.

Do check it out if you want some in-depth knowledge in Algorithmic trading

Credits: Wikipedia


The Algorithmic Trading has only seen an upward trend since its inception.



 Image Credits:


Robo-advisors are online platforms that provide automated investment

advice based on a customer’s answers to survey questions.


The primary advantage of Robo-advisors is their low cost to customers.


A disadvantage is that the reasoning behind their recommendations might not be apparent.


So How Will FinTech change the way we do our Businesses?

The Evolution of Fintech will change the Banking Sector at large which is the primary source of Funding for most businesses.

CitiBank has predicted that further innovations in Fintech can reduce the jobs in the banking sector by about 30%. As the users will switch from Traditional banking methods to Fintech services. However, this will also create a demand for FinTech based Jobs.

FinTech Developments such as Voice Assistants are predicted to be used in the businesses for marketing and gathering a better user interaction.

So, overall there would be a lot of changes, most of which can only be predicted as the future rolls out.