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FinTech vs RegTech: The Same or Different?

” The term FinTech or Financial Technology is used to describe solutions and innovations driven by technology with their main goal revolving around simplifying and facilitating the way financial activities are executed on various levels for all sectors. This means relying on automated alternatives that provide better delivery results for customers using the service and companies selling it.

FinTech solutions replace manual methods previously implemented and practiced with automated solutions. Thereby, speeding up the process and allowing customers to get the outcome they need without needing other party’s help to get it done. It does so by achieving the most with the least bit of intervention to carry out the process. “

InvoiceQ – Jordan Website

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