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The thriving fintech sector offer many benefits to customers worldwide. Here are the top taxonomical aspects of the fintech industry based on the Cambridge Center for Alternative Finance. https://bit.ly/3pEGIBX<br>
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TOP FIVE TAXONOMICAL ASPECTS FOR FINTECH SECTOR IN 2021
Cambridge Center for Alternative Finance has given taxonomical trends for the fintech sector. Let's look at some of the major trends.
DIGITAL LENDING It consists of customized credit solutions, invoice trading, balance sheet-based lending, microfinancing, and crowdfunding.
DIGITAL CAPITAL RAISING This trend is a driver for the growth of the crowdfunding concept. It fuels non-investment-based and investment-based crowdfunding.
DIGITAL PAYMENTS This trend is responsible for the cross-border P2P (Peer-to-Peer) transactions or any sorts of money transfer services worldwide.
DIGITAL SAVINGS Customized digital solutions on the money market, mutual funds, and equities can provide a secure and convenient way to invest.
DIGITAL BANKS This trend can give customers a digital experience every time they access the banking services or make transactions online.
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