Watching video tutorials online is a popular method of learning FinTech. Videos can be helpful when learning a complex topic for several reasons:
- Video tutorials may focus on mastering a single topic in-depth or provide an overview of multiple topics in a more general manner.
- You can always take notes during a video, and if the session has been pre-recorded, you can pause to create more detailed notes.
- Today’s technology allows you to take screenshots with ease.
This article will cover a range of videos, including what they teach and where to find them.
What is FinTech?
FinTech stands for financial technology, representing an increasingly large area of expertise. Briefly, there are FinTech products and services, as well as companies that are themselves classified as FinTechs.
Many online articles refer to the ABCs or even the ABCDEF of FinTech:
- A - Artificial Intelligence
- B - Blockchain
- C - Cloud
- D - Data Availability
- E - Efficiency
- F - Futuristic Vision
Among the main categories of FinTech are:
- Embedded Finance
- Banking as a Service (BaaS)
- Digital Lending and Credit
- Blockchain Technology
- Credit Reporting Services
- Investment Advisory Services
FinTech, as it exists today, can be found in virtually every industry, but some of the most common include:
- Accounting
- Banking/Finance
- Blockchain/Cryptocurrency
- Cybersecurity
- Data Science
- Machine Learning
- Mobile App Development
What Can You Do with FinTech?
FinTech refers to the many Financial Technology products and services you can use today and some of the companies that offer them. Consider FinTech as an umbrella term referring to three main categories:
- Services - On a basic level, many FinTech services may be considered products, and vice versa. PayPal is a service, but the platform of services PayPal offers may be called a product itself. To simplify matters, look at services that are now commonly provided and named as such: Banking as a Service (BaaS), payment services like Venmo, and investment services like Robinhood.
- Products - FinTech products range from the payment app you use on your smart device every day to robo-advisors and digital banking. Currencies aren’t typically referred to as products, but cryptocurrencies certainly fall into the product category as opposed to a service.
- FinTech Companies - Organizations like Visa and Mastercard top the list of major FinTech companies in the U.S., followed by Tencent and Ant Financial in China, then U.S. companies Intuit, PayPal, and Stripe. These firms offer FinTech products or services, and people generally refer to the companies themselves as “FinTechs.”