A financial technology platform, often referred to as a fintech platform, is a technology-driven system or software that provides various financial services and solutions. It leverages technological innovations to offer convenient, efficient, and user-friendly financial services to individuals, businesses, and organizations.
Fintech platforms typically operate online or through mobile applications, enabling users to access financial services anytime and anywhere. These platforms can encompass a wide range of financial activities, including but not limited to banking, payments, lending, investment management, insurance, and personal finance.
Fintech platforms can be developed for different purposes. For example, financial institutions may implement such solutions in order to allow customers to make transactions, monitor debit card balances, and get access to multiple banking services through one tech product. Fintech platforms can also be tax management, cryptocurrency, and online wallet solutions.
For example, the Coreteka team designed PsyQuation, a mobile application providing traders and brokers with insightful data. This allows them to make a data-based solution for their investments. Thus, this solution is suitable for blockchain, cryptocurrency, and investment goals. Moreover, PsyQuation is powered by Machine Learning technology which can assist traders in making currency-purchasing decisions.