Despite the complexity of the fintech idea, it is essential to have a solid understanding. FinTech makes financial transactions easier for individuals and organizations to complete, increasing their accessibility and affordability. You may also use it for businesses and services that enable extremely secure internal network transactions using AI, big data, and encrypted blockchain technology. Fintech works to make transactions more efficient by removing stages that might not be essential for all parties. For instance, using a mobile banking service like GooglePay, you can transfer money to someone at any time, and the money is sent instantly to the chosen bank account. If you used cash or a check, the receiver would have to go to the bank to deposit the funds.