Answer:
Following are some major impacts of Fintect on treasury functions:
- FinTech not only digitizes money, it's also about monetizing. It can create and capture value-add from data, which is usually limited by the technology we previously had
- Business have structured access to almost unlimited data
- It not only provides benefits for big businesses, but also promoted new and small businesses, which are crucial for economic growth and job creation
- It provides businesses with increases to a variety of funding option and improved payment systems
- It improves the efficiency and enhances experience for costumers
- It also improves the traditional financial services and promote innovation through different sectors of economy