What is Robo-Advisers

In recent years, the effectiveness of FinTech has become very important, but new technologies are created and implemented without considering their risks, only focusing on their advantages. Previous research found that the unmet needs for basic banking have been solved through financial technologies while, at the same time, bringing benefits to both people and businesses. Using a deductive approach to the mixed data found previously made it more manageable to understand FinTech's background and intercorrelation with e-business. Contrary to what many people assume about the risks of FinTech, findings have shown that 88% of data breaches come from human mistakes leading us to validate that the problem with FinTech is not the technology itself but the improper use of it and the ignorance around them—concluding that these challenges can be minimized and regulated with the right strategies. The overall effectiveness of FinTech is deemed positive, with the advantages outweighing the challenges.