Do you know the concept of Fintech? How do they work? Are there kiosks for Fintech companies? PARTTEAM & OEMKIOSKS explains.
Over the years the banking, financial and insurance sector has evolved substantially due mainly to the technological and communication evolution that we have witnessed. Thus began to appear platforms and companies that have been able to identify different needs and market niches. Fintechs appeared, companies that congregate technology and finances, providing financial services in digital environment.
What does Fintech mean ?
The term “fintech” arose from the combination of words financial and technology.
Fintech intends through different services to facilitate people’s access to financial services. They are companies or platforms that can meet needs that banks, with sometimes much more time-consuming processes and more traditional structures, can not respond so quickly and efficiently.
Fintech intends mainly to use technology to provide the user with: practicality, low costs, greater control over different operations, reduced bureaucracy, among other advantages.
How do Fintechs work ?
Fintechs can work in different ways, since there are numerous needs. However, most companies in this sector direct their financial services, developing solutions that may cover some “gaps” or limitations of traditional financial services.
In most cases, fintechs are made up of startups. Name given to a type of company, recent in the market, that explores creative ideas to offer different innovative services.
Paypal Case Study
The company Paypal was created in 1998 in the United States and, today, has a global performance. This online payment service is usually used for money transfer and payments. This service registers the personal and banking data of users, who can make payment on credit, using different technological supports such as: computers, applications, mobile phones and tablets.
Among the main functions of Paypal are: buy using credit card, make payments, and nowadays, payments in physical stores through the Paypal Mobile application, with access to different discounts, from stores that have partnership with Paypal service.
Kiosks for Fintechs
Kiosks – Sales – Self-Service – Check in & Out – Tickets – Bets
Multimedia kiosks offer the convenience of completing typical transactions such as viewing balances, bank statements, opening accounts, searching and purchasing products, financial solutions, transfers and payments, etc.
The PARTTEAM & OEMKIOSKS company is a leader in the manufacture and production of multimedia kiosk and knows some of the needs of this sector, so it develops kiosks and interactive solutions customized to the needs of fintechs. Fintechs respond to the needs of consumers, PARTTEAM & OEMKIOSKS meets the needs of Fintechs.
Digital Money at the right time.
FLYCOIN is a combination of several devices in one that allows you to transfer physical money to digital money (bitcoin, paypal, etc.) make a payment, or simply send money in a safe, effective and fast! Decentralized electronic money system that uses peer to peer, which allows you to transfer money anywhere in the world, instantly, at low rates and increasingly used by anyone.
Image Case Study Bitclub
Components you can integrate:
- Tablet or PC
- QR Code Scanner
- Thermal printer
- Note (dispenser as an option)
- Webcam or IP camera (optional)
- Any operating system (Windows, Android, Linux, etc.)
- The Brain – remote control (optional)
- Fingerprint Scanner (optional)
- Credit Card Reader and Pinpad (optional)
- Security control Pinpad access (optional)
- Proximity sensor (optional)
- NFC reader (optional)
- Barcode scanner (optional)
- Wired or Wireless (as an option – wireless, GSM)
- Choose any RAL color for the kiosk
- Small dimensions (approx 350x400x300mm).
- Payment Kiosks
Image Flycoin Kiosk
The multimedia kiosks allow nowadays that anyone can make payments and purchases of products or services autonomously. The multimedia kiosks developed by PARTTEAM & OEMKIOSKS can be equipped with payment systems through note readers, coin changers or payment by ATM, NFC, etc.
Image Transact Kiosk
Most people are accustomed to dealing with new technologies daily and increasingly with interactive products that allow them to take control of operations.
These kiosks can also be used to access and print documents, presentation of promotional products, calculation of fees, ATM-like features, self-service banking systems, video conferences, etc.
In this video we show how the FLYCOIN self-service kiosk can be used to transfer money directly to a Paypal account. With the existence of digital wallets, anyone can afford a product or service, send or receive money using their smartphone, tablet or even a bar code.