Although the roots of modern financial technology stretch back to the introduction of time-sharing mainframes several decades ago, Wall Street has seen a dramatic fintech revolution in the past ten years. Technological advancements coupled with after effects of the 2008 credit crisis have enabled new entrepreneurs to create new products and services faster and less expensively than in 2007.
“Fintech has been around in one shape or form since the 70s and 80s, and for most of that time front ends seemed stuck there,” said Peter Maragos, CEO of Dash Financial Technologies. “It’s only been over the last few years that sleek, web-based interfaces the users have grown accustomed to on their consumer apps and devices have been emulated in their institutional platforms, which makes a huge difference in terms of usability and overall satisfaction.”
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