Following are some major impacts of Fintect on treasury functions:
FinTech not only digitizes money, it's also about monetizing. It can create and capture value-add from data, which is usually limited by the technology we previously had
Business have structured access to almost unlimited data
It not only provides benefits for big businesses, but also promoted new and small businesses, which are crucial for economic growth and job creation
It provides businesses with increases to a variety of funding option and improved payment systems
It improves the efficiency and enhances experience for costumers
It also improves the traditional financial services and promote innovation through different sectors of economy
