FinTech in Enhancing Traditional Financial Services with Web Services and Multi-Platform Clients

Abstract

This article is related to overview and practical usage of financial technology or FinTech. It divides FinTech to 3 groups, enhancement of traditional financial services, innovative financial tools and services and algorithm related for executive support services. It also mentions about what should be concerned when using FinTech over public network like the Internet. To have a real touch of FinTech, this article offers sample basic program of motor vehicle insurance premium online quotation. This program contains 2 parts, server and client. Both of them are written in C#. Server is responsible for business logic and is written under open standard Web Services architecture. There are 2 types of client. One is written as Windows application while another is created as Web application. FinTech API’s those are available online are also noted in the last part of the article.