Question

case study : Financial technology, also known as FinTech is an industry composed of companies that use new technology and innovation with available resources in order to compete in the marketplace of traditional financial institutions and intermediaries in the delivery of financial services.

The use of mobile apps is embedded in the average Mauritian’s everyday life while the country already provides services such digital insurance, mobile banking amongst others.

Several enterprises, particularly those aiming towards Africa, are already using Mauritius as a viable Fintech platform. The stable business climate and well-established corporate governance culture in Mauritius, favorable time zone, excellent connectivity and highly-educated labour, mitigates the high-risk profile of certain African countries.

question: Rogers capital provides FinTech services in mauritius and:

Explain the services provided by rogers capital & justify why the provided services falls under the FinTech umbrella of technologies.

THE ANSWER SHOULD BE MORE THAN 1000 WORDS .

Answer 1

The modern economy needs tools that are updates and can give instant results. In the economy of 21st century the organization is lead by service sector more than the production sector. One such service about the sector in financial services

There are various tools provide by the Fintech firms for different different sector. These tools help the customer to learn the new way of technology. The investment in fintech is approximately 20% higher every year.

There are situation where the people are using cash and may not have bank account or may not have credit score. In these saying raising loans from bank is typical issue which is time consuming. For these there are instant remedy fintech services.

Fin Tech as discussed above means the technology used in assessing the financial service. In this era the technology and the software are used in transactions that may include mobile payment, PayPal. In a layman language it is used as digital money.

The practices of Fintech are followed by many companies in their day to day operations. The elimination of paper cash has increased the space for this system.

In the era of 2014-2017 these firms have gained a lot and the year 2016 was the explosive year where mostly all the transaction were carried using the gateway of these websites and companies only.

The Company I will be discussing about is rogers capital

Name of the company: Rogers capital

Incorporated: May 10, 2010

By: Andrew Ballester

It is basically the company based in America associated with crowd funding and earning profits on that basis. It helps the people to raise money on this platform in the various events.

Now, what are the services associated with rogers capital

Crowd funding is the way which help this company to raise money using internet on the online portal. Various individual and business pool their money for some particular event
If we talk about the normal procedure one has to visit bank need to make application and thereafter apply for loan. This company eliminated the bank role as it helps to communicate the lender and the buyer directly without interference of banks. Hence it reduces the time and instant loan application is submitted.
Recently there is public emergency going all over the world. Supporting the Country and the economy becomes the prime responsibility of the citizen. These types of companies help the nation to collect the fund from all over the nation and depositing it into the required fund's Account.
The targeted audience is the individuals and business model. This activity is often used in startups or any pandemic situation.
There other service includes
Campaigns on social media, and knowledge about the funding process.
raise funds for online games and websites
collection of donation, or individual charity platforms
Employees of the company can itself be the member and can raise fund according to their choice.
Other than commercial fund raising they are using the platform to support medical fund raising
The every campaign conducted by them adds the value to the event and even help them to earn profits.The working of the company is like the buyer contacts the company reports the event for which he wants to raise funds and if the event is in line with the terms and policy of the company campaign is formed on the entire possible platform where individuals and business invests. The company pitches about the event to every possible campaign and then collect funds.
Many other companies used this company to raise funds. For e.g. the online gaming zone have developed a lot these days. People from all over the world can play my investing the money in their denomination to this portal. The company creates the gateway which will direct the payment to the rogers capital and the transaction takes place.
Signing up with the account agreeing to the terms and conditions thereafter creating the campaign of the company's website along with the total amount needed for that even thereafter selecting the title and the person for whom the money will be raised. The company needs thereafter basic information about you and if the raiser is individual or any business startup.
Thereafter letting people know about you i.e. pitching and creating the campaign thereafter managing it.
Sometimes this company was used to create fund in defending the legal penalties. However recently they are thinking to withdraw this type of campaigns.
In maximum two days the campaign has the ability to raise approximately $25, 0000 funds.
The CEO of the company Sir Rob Solomon used to earlier charge for the personal campaign however the no fees model of the company has attracted the large USA population to invest and create their own campaign. The fee of 5% has been eliminated for the personal campaign of USA

CONCLUSION:

From the above discussion it is clear that fintech helps to built the technology where resources are used in such a way that digital money are encashed and profits are earned. The other services includes raising campaigns, raising funds for medical help or even used in Insurance sector or mobile banking app etc.