What is Fintech Company

The chapter presents current issues in innovative modernization of financial intermediation. Development of financial innovation in recent years has led to significant structural and functional changes in the system of financial intermediation. New technologies open broad prospects allowing the radical reduction of the costs of information transmission and processing, while exacerbating competition and stimulate the emergence of new financial intermediaries. This chapter analyzes the debate on the theoretical understanding and analysis of financial intermediation, the disruptive technologies influence the economy with focus on organizational changes in financial markets, the use of digital currencies, exploration of blockchain technologies applications, etc. The chapter discusses how technologies have changed the market and the perception of customers as they foster entrepreneurial creativity and disrupt existing financial markets through an introduction of innovative business models of modern credit institutions.