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The Amazing Evolution of FinTech
By: Yang Braxter
FinTech has evolved from a mere tool in start-ups to foremost features of large enterprises and plenty of financial organizations. In the now, many organizations have partnered with certain officials they allegedly sought to take over.
Today, there are many recognized organizations which have an own FinTech division under their structure. Back in 2019, J P Morgan had invested in FinTech start-up sector a whopping $25 million! Capital One initiated FinTech-instilled 'Banking Cafes' to assist digitally and technologically savvy customers. Citi in 2016 launched Citi Developer Hub with the objective of collaborating third party programmers to test and present feedback on Application Programming Interfaces (APIs).
Recent times have proven the worth of a powerful technology like FinTech. FinTech proved its significance amidst the Coronavirus pandemic, but still had some of iterations grieve. Banks and credit unions cross the United States could undertake transaction through digital channels. Also, this has supported long waiting times for telephonic services could be saved by online services and banking and financial actions done through mobile apps of respective institutions.