An Introduction to

Financial
Technology

Brought to you by Sitwell Financial

Fintech, simplified
 01
FinTech
What is Financial Technology or FinTech?

02 Banking Before and After FinTech

101 03 A brief history of FinTech

What to Know 04 Challenges of FinTech

05 Rewards of FinTech-driven payments

06 What's next for FinTech?

What is Financial
Technology or
FinTech?
A combination of the words "financial" and "technology,"
FinTech is the catch-all term that applies to any
technology that helps consumers or financial institutions
deliver financial services in a novel, more convenient way.
Banking Before Banking with
FinTech FinTech
What is Financial Technology or FinTech? People can track how their money
moves in real-time

What is Financial Technology or FinTech?

Online banking is available 24/7

What is Financial Technology or FinTech?

Users can transfer the money instantaneously
through banking apps
 1838 The electric telegraph was introduced for the

A brief first time.

history of 1950 Diner's Club released the first

universal credit card.

FinTech 1982 The world was introduced to TradePlus, the

online brokerage platform.

2009 The first version of Bitcoin

was released.
Arner, Douglas. “The Evolution of Fintech: A New Post-Crisis
Paradigm? By Douglas W. Arner, Janos Nathan Barberis, Ross
P. Buckley :: SSRN.” Social Science Research Network, 1 Oct.
2015, papers.ssrn.com/sol3/papers.cfm?abstract_id=2676553.
Accessed 5 Apr 2021. 2013 Google Pay was first launched,
followed by Apple Pay in 2014.
FinTech segments
Item 1

according to Item 2

transaction value
Item 3
As of January 2021

Digital payments are leading the way followed

by personal finance, alternative lending, Item 4

and alternative financing.

0 20 40 60
The Role of
Cybersecurity
in FinTech
Protecting data is crucial

Because there's a lot of sensitive information involved

in banking, cybersecurity is non-negotiable.
Financial institutions must have robust cybersecurity measures
to protect the data of consumers.
Challenges
of FinTech
Top Trending FinTech Risks
Dangers posed by FinTech to consumers

MONEY ONLINE DIGITAL IDENTITY

LAUNDERING RISK HACKING RISKS

Regulations are yet Hackers can gain access to Security codes and
to be improved. your accounts. passwords could be easily
accessed
 GREATER SPEED
Rewards Instant transfer of funds

of FinTech-
driven ENHANCED TRANSPARENCY

payments There's a clear trail of where money goes

Benefits of FinTech-powered
payments BETTER SECURITY
You can rest assured that your money
will not go astray
What's next for
FinTech?
Looking forward to the future

Artificial intelligence and machine learning

will further infiltrate and improve FinTech.
FinTech has
transformed the
banking industry for
the better.
 Next-level data protection and encryption
Security best
practices of Secure code and architecture

successful FinTech
projects Secure authentication

Good mobile encryption

Compliance
Financial institutions must be
able to deliver an easy to
navigate, a seamless digital
platform that goes far beyond a
miniaturized online banking
offering.
JIM MAROUS
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