Traditional Culture Encyclopedia - Traditional virtues - Compared with banks, financial technology companies have the following advantages

Compared with banks, financial technology companies have the following advantages

Low cost and high openness. According to Sohu News, compared with banks, financial technology companies have the advantages of low cost, strong big data analysis ability, high openness and better customer differentiation. Financial technology companies use various scientific and technological means to innovate products and services provided by traditional financial industries, improve efficiency and effectively reduce operating costs.