FinTech influence on the economy

Abstract

Analyzing FinTech sectors impact on different countries economies. In the thesis FinTech tools is being revieled, which are: crowdfunding, Big Data analysis, blockchain, cryptocurrencies, artificial intelligence, mobile payments. Mentioned tools takes effect through lower interest rates, simplified and much faster reception of a loan, process optimization and cost reduction. It helps for small and medium enterprises to easily receive a loan and complete theirs development projects and that results in new workplaces being created. Users digitalization in FinTech sector, FinTech investment amount and market size is being monitored in order to find out how it may affect selection of the FinTech environment. Because of this SAW, EDAS and regression analysis is being applied. Furthermore, there is limitation for this theme because there is no law or similar restriction that would say that data about FinTech must be gathered. In the end, theme is important because it helps to indentify indicators and tools in which every country should focus in order to attract more FinTech investments and to help raise countries economies