Fintech promises to disrupt and reshape the financial industry by cutting costs, improving the quality of financial services, and creating a more diverse and stable financial landscape.

The main areas of activity of FinTech companies are:

• Financial technologies applied to blockchains and distributed ledger technology based on data archives, whose records are public on a computer network and without the need for a central register;

• Crypto and digital money;

• Peer-to-peer loans (P2P);

• Smart contracts (using the blockchain) that automatically execute contracts between buyers and sellers;

• Open banking is supported by blockchain applications that create a service through a connected network of financial institutions and third-party providers.

• IT security, through or decentralized storage of data, and anti-fraud systems;

• Applications in the insurance field (InsurTech) or regulation (RegTech);

• Asset management (Robo-advice, social trading, wealth management, personal financial management apps, or software).

FinTech is an economic industry composed of companies that use technology to make financial services more efficient.