Financial technology, also known as fintech, is an economic industry composed of companies that use technology to make financial services more efficient. The word “Fintech” actually made its way into the Oxford dictionary and is defined as “Computer programs and other technology used to support or enable banking and financial services”. Turning to Wikipedia, it defines “Fintech” as “Financial technology, also known as FinTech, is a line of business based on using software to provide financial services.
“FinTech is not only an enabler but the driving engine,” said Pierre Gramegna, the Minister of Finance of Luxembourg. FinTech is an amalgamation of finance and technology, and it is fast leading a new way to the future of the financial world. Here is a look at one of the best Fintech companies which is going to spread its wings over various sectors so as to provide multiple financial solutions.
Bixo Fintech, emerging in the global market with an online cryptocurrency and forex trading platform which they are going to call as Bixo Trade. This platform is going to provide an intuitive trading ecosystem and provide fixed daily returns to investors. Sources claim that they will be using artificial intelligence and machine learning technologies for trading on various fiat and crypto pairs to minimize risks involved with online trading technologies.
The CEO, James Bernard, is a vetran in treasury management and providing financial solutions. James continues to grow at a fast pace with his skilled team on different digital finance sectors to make a business revolution using its expertise in big data and information technologies to focus on wealth management services.
“The ability to relate to people, to inspire and motivate them is what you must ever work on as a leader,” says Mr James Bernard in an interview.
While humans remain a big part of the trading equation, AI plays an increasingly significant role. According to a recent study by the U.K. research firm Coalition, electronic trades account for almost 45 percent of revenues in cash equities trading. And while hedge funds are more reluctant when it comes to automation, many of them use AI-powered analysis to get investment ideas and build portfolios.
Mr James Bernard says, “Artificial intelligence is to trading is what fire is to the cavemen.” And he is keen to emerge in the market soon. Visit www.bixofintech.org and subscribe to their newsletter.
Martin has been following the crypto space since 2013. He is a passionate advocate for blockchain technology, and believes that it will have a profound impact on how people live their lives. In addition to being an avid blogger, Martin also enjoys writing about developments in the industry as well as providing useful guides to help those who are new to this exciting frontier of finance and technology.