What is FinTech?

FinTech (Financial Technology) is the driving force behind the evolution of finance, reshaping how we bank, invest, insure, and regulate money. By harnessing cutting-edge technologies like AI, blockchain, cloud computing, and big data, FinTech is making financial services faster, smarter, and more accessible than ever before.

From digital banks and instant payments to AI-powered trading and decentralised finance (DeFi), FinTech is breaking barriers, fostering financial inclusion, and revolutionising the global economy. It’s not just about efficiency—it’s about creating a seamless, secure, and tech-driven financial future for businesses and individuals alike.

Funding

Funding platforms facilitate access to capital through alternative financing models, such as crowdfunding, peer-to-peer (P2P) lending, and venture capital matchmaking. These solutions help businesses, startups, and individuals raise funds outside of traditional banking channels, increasing financial accessibility and flexibility.

Banking

FinTech innovations in banking focus on digital banking, neobanks, and payment services that provide seamless, user-friendly, and cost-effective financial solutions. Digital banks and challenger banks operate without physical branches, offering full banking services online, while mobile payment systems streamline transactions globally.

RegTech

RegTech (Regulatory Technology) solutions use AI, machine learning, and automation to help financial institutions comply with regulations efficiently. These technologies assist in areas like KYC (Know Your Customer), AML (Anti-Money Laundering), fraud detection, and reporting, ensuring compliance with evolving financial laws while reducing operational costs.

Payments

FinTech innovations in payments are transforming transactions by improving speed, security, and convenience. Solutions like mobile wallets, contactless and real-time payments, cross-border transfers, and blockchain enable seamless P2P, e-commerce, and business transactions. These technologies reduce reliance on cash and traditional banking. With embedded finance and open banking, payments are now more integrated, accessible, and efficient than ever.

Functional Services

Functional services within FinTech cover financial infrastructure and enabling technologies that power financial institutions and businesses. These include API-based banking, payment processing platforms, smart contracts, and accounting automation, providing the backbone for seamless financial operations.

InsurTech

InsurTech leverages big data, AI, IoT, and blockchain to optimise and personalise insurance products and services. From digital underwriting and automated claims processing to usage-based and on-demand insurance, InsurTech enhances efficiency and improves customer experience in the insurance industry.

Risk Management

FinTech solutions in risk management focus on predicting, assessing, and mitigating financial risks through AI-driven analytics and automation. These tools help financial institutions manage credit risk, market risk, operational risk, and compliance risk, reducing exposure and improving decision-making.

Asset Management

FinTech is revolutionising asset management through robo-advisors, algorithmic trading, and digital wealth management platforms. These technologies offer automated investment strategies, personalised financial planning, and real-time portfolio tracking, making wealth management more accessible and efficient.

Collaborate, advocate, and grow across a unified European fintech landscape.

Become a Member