Financial technologies examples include the world’s first digital stock exchange (NASDAQ), and SWIFT (the most commonly used communication protocol between financial organizations).
The finance industry is presently undergoing another wave of technological disruptions and Bermuda is leading the way in some Fintech innovations. Certain Fintech and Blockchain companies are forming in Bermuda. They are developing apps that alleviate the hassle of sending money overseas, building platforms that offer a single solution to accept payments anywhere in the world, smart contracts etc.
This rapid innovation combined with rising consumer expectations can have the potential to revolutionize traditional finance.
Microsystems can assist any new company starting up in this transition by:
- Helping startup firms with our understanding of setting up new office and IT hastily
- Augmenting IT staff
- Safeguarding sensitive client data