Intro to Business › Section O · Money and financial institutions › Topic O.5
Trends in financial institutions and fintech
Banking is being rebuilt around the phone in your pocket. Fewer but larger institutions, financial technology firms, instant payments, artificial intelligence and digital currencies are changing how businesses pay, borrow and manage money, and bringing new risks with them.
In this topic
- Forces reshaping finance
- Fewer, larger institutions
- Digital and mobile banking
- Fintech firms and their partners
- Instant payments
- Worked example: comparing payment costs
- Worked example: what a chatbot saves
- Stablecoins and digital currencies
- Security, fraud and the 2023 lesson
- Common mistakes to avoid
- Key takeaways
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