Hacker News for Fintech innovations (opens in new tab)

Finance is not just trading. When you start a company, you need funds. When you buy a new car, you need loans. When you care of your future, you need placements for your saving. Fintech startups break the financial monopoly to bring humanity in finance. Technology makes your online loan application cheaper, faster and more transparent than a bank loan application. You have no fees on your placements whith new assets managers. So, stop to be blind, fintech is real stuff and has a huge place in our life.

Why does finance need all this technology?

In a world where real bank transfers between businesses (i.e. real trade) take minutes or hours, why does trading in tiny fractions of the ownership of that business need to be in true real time?

High capitalism is the people who make up the financial system redefining money and power so that they can give it to themselves. The technology is necessary only to make the trick believable, like a health quack speaking science words to make homoeopathy sound legitimate. They believe every word they say too.

Please stop participating and make real stuff.