New products and services, concentration of entities and different ways of relating to their customers, among other aspects, converged in a clear transformation of the financial sector, where more and better forms of inclusion emerged, such as the Fintech industry, which refers to those startups that are experts in new technologies that want to capture part of the market dominated by large companies.
Fintech industry, a huge transformation
This transformation and that Fintech industry are the possibilities for many people to have simpler tools, to participate in commercial activities that were previously impossible to access.
Thanks to that, it is currently a widely recognized global trend that financial inclusion is achieved through technology.
It is as well as with a device, (Tablet or Smartphone), with connection to Internet we have access to digital bancarization; and for that there are companies like Adelantos.com, an Argentine fintech dedicated to granting personal loans in a few minutes and 100% online, without documents and with minimum requirements.
Investment in startups of this type has escalated not only in Europe
Investment in startups of this type has escalated not only in Europe, Asia-Pacific and North America, but has also gained a lot of ground in Latin America, highlighting Brazil, Mexico, Colombia, Argentina and Chile as the five main countries that concentrate near the 90% of all Fintech activity in the continent, according to a report issued by the Inter-American Development Bank (IBD).
If something has to always ask a new technology is to break gaps and be as accessible as possible. Those that move the Fintech industry, are making more and more people have access to banking services.
Obtain personal loans in less than two minutes
In such a way that the best way to obtain personal loans online, in less than two minutes and only with a cell phone that has access to the internet, is through fintechs like Adelantos.com.
One reason is that they seek to cover a niche market in which traditional banking is not well positioned, through new forms of relationship with the client, based mainly on technology.
Additionally, they are aimed at offering more agile processes (automated decision models such as traditional banking, but less bureaucratic); as well as more flexible risk criteria and financing structures more attached to the client.