Before using fintech services, it helps you to know the ins and outs of fintech first.
1. What is Fintech?
Fintech is an abbreviation of financial technology, which refers to innovation in design, service, and financial products. The fintech company uses mobile technology, big data, and customer analysis to determine the type of product needed.
2. Who is the Actors?
Conventional companies and start-ups are the actors in fintech development. For start-ups, it usually doesn't look like a bank or insurance company. Start-ups usually only provide certain services, with targeted customer segments.
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3. What About Surveillance?
In operation, fintech start-ups are not like conventional banks or insurance companies, so start-ups cannot be monitored or burdened like conventional financial institutions. In some countries, the right form of supervision is still being considered.
4. Do You Still Have to Pay Debt If You Become an Illegal Fintech Victims?
One of the most popular forms of fintech in Indonesia is online loans (Pinjol), which provide ease of getting loans. Unfortunately, customers often do not read the terms first or find out more about related fintech.
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5. How to Choose Safe and Legal Fintech?
Until now, the government is increasingly trying to oversee fintech peer-to-peer landing that offers online loans. Even so, people are also asked to be more careful and wise when choosing fintech. Then, how to choose safe and legal fintech?