The Evolution of Fintech and the Role of BigBoss: The Fusion of Finance and Technology

January 16, 2024

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The Evolution of Fintech and the Role of BigBoss — Image from BigBoss

What is Fintech?

Fintech is a portmanteau of “Finance” and “Technology.” It refers to the movement of innovating financial services by leveraging digital technology, with its origins tracing back to the introduction of electronic computational technology in the 20th century. Entering the 2000s, with the widespread use of the Internet, this field has seen exponential growth. Today, fintech continues to evolve unabated, with the proliferation of smartphones leading to a rapid expansion of mobile payments.

Key areas of fintech include:

Payments: QR code payments using smartphones, transactions with digital currencies.
Transfers: International transfers using blockchain, peer-to-peer (P2P) transfers.
Asset Management: Automated asset management with robo-advisors, social trading.
Crowdfunding: Gaining attention as a means of raising funds for new ventures.
AI & Big Data: Utilization in enhancing internal management efficiencies of financial institutions.

Even those who may not be familiar with the term “fintech” have likely heard of QR code payments or crowdfunding. It indicates how integral these technologies have become in our lives.

Benefits of Fintech

Fintech offers customers faster, more convenient, and more personalized financial services. For example, bank loan approvals, which traditionally took a long time, can now be completed in minutes. Moreover, reductions in various fees result in significant cost benefits for customers.

BigBoss and Fintech

BigBoss utilizes fintech to provide its services, specifically in areas such as account deposits and withdrawals, and asset management through CFDs.

At BigBoss, the philosophy is to prioritize customer benefits and provide high-quality services that others cannot. This is achieved by focusing on the following three key points:

Quick Deposit and Withdrawal

BigBoss offers several deposit and withdrawal methods to make sure your money transfers smoothly, so that you will not miss any trading chance. BigBoss provides their customers the perfect and secure trading environment to focus better.

Various Financial Products

Over 80 financial products are provided, and all the rates are directly collected from the interbank market. It offers a diverse range of products beyond foreign exchange, such as CFDs in Nikkei 225, DJIA, Gold and Oil.

Top-class Execution

Utilizing high-speed communication provided by Equinix and AWS, services used by financial institutions worldwide, BigBoss achieves high execution capabilities. For foreign exchange, it connects directly to the interbank market, ensuring stable processing of buy and sell orders. The firm can handle large orders from hedge funds and institutional investors with stability. A skilled engineering team is constantly working on fintech technological innovations to make this possible.

Furthermore, BigBoss’s standout feature is its multilingual support team, not solely reliant on fintech technology. With staff proficient in multiple languages including English, Japanese, and Chinese, BigBoss provides swift solutions to customer issues through both email support and real-time chat. The company is committed to maximizing customer satisfaction through a customer-first philosophy, backed by a world-class support team.

In the financial industry, which is on the cusp of major changes due to technological innovation, BigBoss continues to develop daily. As a leader in the industry, it aims to bring about significant revolutions at the forefront. For those interested in experiencing the latest in fintech, trading with BigBoss is recommended.