Fintech is combination word from Finance and Technology. These words described about the business that aim at providing financial service by using software and modern technology. Currently, Internet is a globally connected network system. Everything can be settled by Internet connection. Since Internet is globally network, finance sector also involved in Internet network. Fintech can be concluded as new financial industry that applies technology to improve financial activities.

The Benefit of Fintech in our life

• It protects you against risks that no traditional insurance will cover.
• The power of decision belongs to you.
• Your peers can provide financial and emotional support, as well as advice.
• Any funds left over after your coverage has ended are returned to the members.
• Member knowledge becomes communal knowledge, lessening the change of negative events happening.

How important would Fintech be in the coming years?

Since the technology became important to recent era and the future, we cannot deny the financial technology is not important. Since the global currently planning to have digital currency, so financial technology became important role. Even some people said it is impossible to have digital currency in certain countries but with the development of financial technology, digital currency is not something impossible. It can be reality in future. When that time come, we are not relied on the cash or traditional financial system anymore.