• 7 years ago
To achieve the various goals of an organization, the organization requires finance and an authority to control the same.
The large amount of finance cannot be handled solely with the help of the personnel's but a technology is required to deal with the finance of the company.
The technology that is easy to understand and adapt, the technology that can be flexible enough towards the modification that can be attracted in near future.
Fintech require the most important aspects that cover every area of finance from costing to investment.
The finance involved need to be looked after.
The industry that requires the financial technology the most is the insurance, trading and the risk management.
The major aspects are concentrating around present analysis and predictions that are mostly for near future.
These things help us to estimate the real picture of the world.
The market situations can be read only with the help of an expert.
The expert are not found that easily or are that cheap.
They are really expensive and rare to be discovered.
The system that acts like an expert can help us to get the expert advice and the calculations that only an expert can carry out.
The importance of Fintech arises as soon as this condition gets fulfilled.
It is one time investment but need proper upgradation as well as proper training of the personnel that are handling the system.
The business needs profit after all the activities that it is carrying out.
The activities need to be summarized and looked after for progress in future.
A system can help an organization in having a brief analysis of past, present to reflect the future.
The changes required can be easily adopted.