FinTech broadly means firms integrating TECHNOLOGY to provide FINANCIAL SERVICES using / leveraging Traditional financial methods.
Fintech companies aim to provide innovative and efficient financial solutions to customers, including mobile banking, peer-to-peer lending, digital currencies, and more.
Adopting latest technologies enables the financial institution to provide innovative and efficient Financial Solutions. It challenges them to keep up with changing demands and expectations of customers.
However, there are also challenges associated with fintech, including regulatory hurdles, security and privacy concerns, and competition with established financial institutions.
How and when did Siddhatech become a FinTech Provider
Siddhatech has rapidly evolved as an emerging FinTech partner to large banks in the Latin American region. The Financial Institutions rely on the technology expertise and talent that Siddhatech brings to the table. Not just providing the right direction – Siddhatech has played a big role in ensuring that the Financial Institution develops and intuitive and efficient mobile banking platform to help transition a large volume of transactions through the mobile channel.
Changing consumer behavior and preferences largely drives the architecture of the Mobile Platform.
Thereby developing a pool of Microservices that can be leveraged across various types of channels – keeping a low technology footprint. DevOps plays a large role in such architectures where in the need to keep up the pace to deploy newer features to the customers along with the rapid development pace.
Siddhatech has a talent pool available to provide the end to end services required to assist a Financial Institution achieve its FINTECH Growth plans this includes