Decoding the fintech phenomenon and the rise of fintech SaaS companies
The term “fintech” has become a buzzword in the ecommerce era. At its core, fintech, or financial technology, refers to the innovative use of technology to design and deliver embedded financial services via applications. It’s the driving force behind the digital transformation of the financial industry and the integration of financial services into non-financial products and applications.
Resources like fintech as a service (FaaS) companies, AI and blockchain give developers more tools than ever before to build innovative commerce experiences. That’s why the global fintech as a service market is expected to grow 16.9% annually between 2023 and 2028, and why fintech developers will be in high demand.
Watch The Rapyd Dev Talk: How To Become A Fintech Developer In Seven Minutes
This insightful video session will give you a quick yet comprehensive guide on how developers can start integrating fintech solutions into their applications using Rapyd. Rapyd R&D Engineering Team Lead Tiki Lobel will guide you through the what, why, and how of embedding fintech, complete with a technical demonstration.
How Fintech as a Service Companies Simplify Embedded Finance For Developers
Embedded Finance is the seamless integration of financial services into non-financial platforms, making transactions seamless and intuitive. It’s what makes paying for rides on the Uber app thoughtless. It lets online gamers make in-game purchases without pausing the action, and it puts the power of instant money transfers and online stock trading in the palms of our hands through mobile apps.Rapyd, one of the leading fintech SaaS companies, makes the process of embedding finance as simple as possible for developers. With a single integration, Rapyd provides access to a global fintech network offering all the fintech financial services developers need – payments, payouts, virtual accounts, card issuing, and fraud monitoring.