The back-office service role for bankers and traders used to be financial technology. Private venture capital has skyrocketed over the past decade, and the proportion of investment dollars in fintech has risen from 5% to almost 20%, equal to the reasonable proportion of Gross Domestic Product assigned to the finance sector. Fintech has taken its place in the ecosystem of creativity. As Fintech evolved, it became more difficult to say the truth about the hysteria. Chatbots and artificial intelligence, cryptocurrency and crypto money, robo advisors and neo banks, and countless other signs of digitization have become buzzwords in the mainstream media throughout the past few years. Corporate investment guns and digital incubators are spun up by major multinational banks, participating in, purchasing, or copying strategies from developing companies.
