Financial technology (Fintech) is used to describe new tech that seeks to improve and automate the delivery and use of financial services.At its core, fintech is utilized to help companies, business owners and consumers better manage their financial operations, processes, and lives by utilizing specialized software and algorithms that are used on computers and, increasingly, smartphones. Fintech, the word, is a combination of “financial technology”.

When fintech emerged in the 21st Century, the term was initially applied to the technology employed at the back-end systems of established financial institutions. Since then, however, there has been a shift to more consumer-oriented services and therefore a more consumer-oriented definition. Fintech now includes different sectors and industries such as education, retail banking, fundraising and nonprofit, and investment management to name a few. Fintech also includes the development and use of crypto-currencies such as bitcoin. While that segment of fintech may see the most headlines, the big money still lies in the traditional global banking industry and its multi-trillion-dollar market capitalization.

PayTech is just as it sounds: Payment technology. However, the new raving ‘PayTech of things’ follows the extraordinary increase in the release of diverse wearable with seamlessly integrated technology to make contactless payments.
Thus, payment technology is fast infiltrating the world of smart and casual wear, a growth that wouldn’t be too shocking given the convenient tech involved. We are at an age where many of our sci-fi dreams are very much now practically realizable, and it is only time that we not only use tech but wear it too. Consume it. Eat it.
Perhaps, the latter is an obvious exaggeration; it, however, paints the current ‘technological-scenario’ well. More technological niches and industries are going to materialize in the future and develop into billion-dollar valuations as well. But for now, we have startups and companies that are fast taking to pioneering the burgeoning niche.

Banktech is focused on delivering quality payment and technology solutions for the hospitality and gaming industry. For 30 years, we have worked closely with our customers to help them navigate the changing payments landscape and deliver great customer experiences.

Managed IT service is when a company outsources certain IT functions to a third-party provider, referred to as a Managed Service Provider or MSP. These outsourced functions may be as basic as keeping IT equipment and other services functional all the way up to full IT team outsourcing.

QRS provides innovative, high quality product and package development with cost-sensitive global sourcing to those without the resources, expertise, or desire to manage internally.