Lehigh FinTech Group
Established in 2017, LFG is a student-run organization that serves to drive passion and promote understanding for disruptive financial technology (“FinTech”) by connecting top-performing and interested students with businesses and institutions that host a forward-thinking approach to the implementation of technology in the financial services sector.
LFG achieves its mission through team projects, education seminars, hackathons, and a variety of networking conferences tuned to cater those with keen interest in the FinTech industry.
What is FinTech?
Financial technology is the industry known for championing software and technology in the financial sector. A very broad term, it includes anything from robotic financial advisers and blockchain to peer-to-peer lending and crowdfunding. Almost two-thirds of customers across the globe are already using FinTech products or services. Investment in FinTech around the world has increased dramatically from $930 million in 2008 to more than $12 billion in 2015.
This trend will likely increase, as FinTech touches not just the financial services sector, but every business the financial services industry deals with. Agile FinTech startups are able to innovate quickly and disrupt the lumbering behemoths that are traditional financial institutions.