In todays world, fintech has emerged as the revolution which has transformed the financial services industry. Fintech has several distinctive characteristics which separates itself from traditional banking.
One such characteristic is that it allows one to open an account in minutes, and it also allows money to flow seamlessly between accounts. Some fintech platforms include Revolut, YAP, and STC Pay.
On the other hand, traditional banking systems are often limited to branch operating hours and opening an account takes a long time. Some banks include FAB and HSBC.
Overall, fintech is a trult revolutionary field which continues to transform the financial services industry.