Financial technology, commonly known as fintech, has emerged as a revolutionary force in the financial services industry. The primary purpose of fintech is to enhance and automate the delivery and management of financial services for individuals, businesses, and organizations.

Fees are monetary charges imposed for specific rights or services, representing a fundamental component of various economic and legal systems.

The financial sector is a critical component of any economy, serving as the framework through which financial transactions occur. It encompasses a wide range of institutions, services, and markets that facilitate the flow of funds from savers and investors to borrowers and businesses.