Banks are now using Artificial Intelligence (AI) to transform bank operations, open banking is no longer a distant dream, and omnichannel bank interactions are commonplace.

The “Fintech” trend started few years ago. Since then, we’ve heard about new startups, the emergence of tech competitors in finance, and also banks investing in technology.

Fintech is the application of technologies to disrupt existing processes or bring in new paradigms in the financial industry.