Financial technology is the technology and innovation that aims to compete with traditional financial methods in the
delivery of financial services. It is an emerging industry that uses technology to improve activities in finance. The use of smartphones for mobile banking, investing, borrowing services, sand cryptocurrency are examples of
technologies aiming to make financial services more accessible to the general public. Financial technology companies
consist of both startups and established financial institutions and technology companies trying to replace or enhance
the usage of financial services provided by existing financial companies.