The FinTech Industry in Bulgaria Developing in Leaps and Bounds
Tuesday, 07 March 2017
FinTech is an industry of companies using new technologies and innovations and applying them on the financial market. These financial companies endeavor to replace or improve the use of financial services by companies.
A business meeting in Sofia discussed the advances by FinTech companies, their new goals and the leading tendencies in the sector.
Ivailo Ivanov, director of iUVO company comments:
“The next few years in this business will be really interesting. We see companies working in investments, in electronic payments, we are now expecting the emergence of electronic insurance companies. All FinTech industry branches that exist in Europe are gradually developing in Bulgaria, and that is a very good thing. We have a considerable IT human resource in the country, we possess the financial knowledge, so there is no reason to lag behind. It is a fact that everything takes place online, there is no branch network, no physical interaction, no papers. That is how we can offer customers a better price.”