Financial technology is the technology and innovation that aims to compete with traditional financial methods in the delivery of financial services.
Wealthtech has been considered a disruptive technology because it provides consumers with more control and transparency over their investments, allowing them to become their own financial advisors. With the help of algorithms and artificial intelligence, wealthtech platforms can analyze large amounts of data and offer personalized investment recommendations and strategies that are tailored to each individual's financial goals and risk tolerance.