Introduction to FinTech
According to Intriduction to Financial Technology by Roy S. Freedman,:Financial Technology intergrates mathematical, statistical, computing and economic models with news and analytical systems.
The sector focyses on providing innovative products to expedite traditional financial services into the technology era. Instead of outsourcing to IT , Financial technology,FinTech, offers a "marriage" of the two sectors. As technology permeats all aspects of society it is a natural progression that it evolves into the institution of Finance.
Iterations of Financial Technology date as far back as the Automated Teller Machines to current financial models and financial services.