Description

FinTech, is the most intriguing word in the history of global financial market. It has not only morphed the face of the global financial industry, but has also reshaped the sector in terms of the way businesses were conducted. FinTech has interconnected the entire concept of finance and technology, while evolving over the last three decades. Since 2008 FinTech has penetrated into the developed and developing countries as well. As a result, most of the start-ups and financial companies have upgraded to this technology to act more competitively. In Bangladesh, FinTech industry still remains at an emerging state. The only segment where FinTech has developed so far is mobile finance. Since the financial system of Bangladesh still remains at an underdeveloped stage, it might take a while for FinTech to gain momentum and evolve with this advanced technology.