Fintech is a sector that has been expanding rapidly, and San Francisco is being recognized as its capital.
Financial technology is a growing part of American society, changing the way that people spend, save and manage their money through new applications of technologies like data science and artificial intelligence.
Both established companies and startups are calling San Francisco their home, and they have set up shop in all corners of the city. Fintechs aim to simplify the world of finance from a variety of perspectives, and are poised to enter a dominant position within a decade.
While it is up in the air if fintechs will start a “revolution” in the finance industry, if they manage to, it could mean a great windfall for the city that supported them.
Read more: Benzinga The Golden Gate To The Golden State Of Fintech