WHAT IS FINTECH?

 

Financial technology (abbreviated fintech or FinTech) is the technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. It is an emerging industry that uses technology to improve activities in finance.

The use of smartphones for mobile banking, investing, borrowing services, and cryptocurrency are examples of technologies aiming to make financial services more accessible to the general public.

Financial technology companies consist of both start-ups and established financial institutions and technology companies trying to replace or enhance the usage of financial services provided by existing financial companies.

FinTech has emerged in this century, initially being a term applied to the technology employed at the backend systems of already operational financial institutions. Gradually this concept has evolved to more client-oriented services and definition.

FinTech now includes different sectors and industries such as education, retail banking, fundraising and investment management amongst many others. In general terms “financial technology” might apply to any innovation in how people transact business, ranging from the creation of digital money to bookkeeping.

The evolution of internet along with the smartphone revolution that allows mobile internet, has allowed financial technology to grow exponentially, thus fintech which originally referred to computer technology applied to the back office of banks or trading firms, nowadays involves variety of technological interventions into personal and commercial finance.

RTX FINTECH

 

RTX is a full high value fintech solution supporting the real-time automated trading platform.

 RTX is the only secure, risk-free full-stack Global Clearing Exchange Bridge between local niche carriers and Tier 1 operators

 

• Globally Advanced Invoicing Tools to Operator’s existing Accounting Software

• Advanced Detection and Reporting Tools

• Unique Real-Time Billing Platform Supported by Lloyd’s

• Fully Insured Factoring Solution for Expedited Payments

• Multi Currency Solution

• Advanced currency management tools

 

RTX provide comprehensive financial services using state-of-the-art software which has been engineered together with the key technology, in this way accelerating solutions to gear up for fintech-telecom market.

 RTX draw on a wealth of funding knowledge to offer a flexible solution, designed to support telecommunications data exchange and enabling carriers to benefit from the best technology to deliver their services. Continued innovation in automation and online digital tools ensures that RTX delivers high-speed decisions and processes to the telecom industry. RTX as a financial organization that understands and develops the technologies in question, is capable to produce and integrate the appropriate technological solutions.

RTX uses market expertise to consider the business opportunities that can arise from a technologically dynamic environment. An RTX partner can leverage this knowledge to offer clients, telecom-finance solutions and start building long-term relationships.

Bespoke Fintech Platform

The Routetrader bespoke FinTech platform offers two separate services, with the first being the core business focus:

Tier 1 carriers traditionally focus on their domestic network, usually where infrastructure is owned. However, they are required to provide global access for their customer base. Access to developed economies, with large credit worthy carriers, is already well established on a peer-to-peer basis.

 

 

Routetrader looks to provide two complimentary services:

Routetrader has a bespoke technology platform that connects routes, provides invoicing and manages credit limits where applicable. With over 400 live interconnections, Routetrader has wide and diverse market access ready for increased traffic volumes, leading to substantially increased revenues. Highly scalable platform to access exponentially increasing revenues.

SUMMARY

 

Routetrader has a bespoke technology platform that connects routes, provides invoicing and manages credit limits where applicable. With over 400 live interconnections, Routetrader has wide and diverse market access ready for increased traffic volumes, leading to substantially increased revenues. Highly scalable platform to access exponentially increasing revenues.

The RTX platform supports a growing number of pre and post-paid services with members funds held securely in client accounts by major international financial institutions. The platform and secure banking ensures that members are not exposed to the financial risks that could exist in traditional one-to-one relationships and members have the additional benefit of 24/7 account visibility and real-time fund movements.

RTX aims to revolutionise the wholesale business experience by providing the global clearing house for Voice, Data and Messaging Services.