Fintech, the future of banking is now

More and more companies are merging technology and finance.


Hence, the term fintech, formed by the words finance and technology, that is, financial technologies. Fintech provides financial services through simple applications and enables any kind of banking operation to be performed without having to rely on the bank. From asking for a credit line to managing all personal account moves. And let’s not forget investments, almost like a traditional bank. A high percentage of companies or finance brands use some type of fintech software or product in their company.

What is clear is that the link between technology and financial services has come to stay.

Fintech offers us faster and more automated savings and management. Flexibility is a concept that applies 100% to fintech. Transparency: company finances can be managed transparently.  Efficiency: financial technology is and makes us more efficient. Services that include digital support for startups, online banking or virtual currency, new types of payment, contactless cards, or even other types of collective fundraising.

One of their bets is to offer innovative and alternative financial products to those offered by traditional financial institutions.


Building a new emerging economic sector

Fintech is more agile and this would be its main advantage, but not the only one: it also provides cheaper transactions as a result of the removal of intermediaries. And it supplies creative proposals to solve liquidity problems in a much quicker and more effective way. New products and financial markets can be accessed, without geographical limitations. And all of this quickly, which is one of the keys to successfully operating in the world’s leading variable interest or fixed interest floors.

The modification of the world banking scene

The global avalanche of technological services alternative to traditional banking is such that we cannot ignore the fact that it is an unstoppable phenomenon and it will increase. There are more and more people with access to these new financial services. It is partly due to their ease of use and also to their versatility.

Fintech has been much more successful so far in improving the ecosystems and infrastructure of traditional financial markets than in developing new ones.


Difference between fintech and a traditional bank

Traditionally, banking leads to a lack of transparency that generates harmful experiences in its customers. This is where fintech concentrates many of their efforts, being as transparent as possible and putting the customer at the centre of business.

With regard to customer knowledge, it is true that banks have a personal relation with their customers, but fintech has a greater knowledge of their customers, thanks, among others, to technology. Traditional banking has established opening hours for customers; fintech offers its services 24/7 the 365 days of the year.

The link between finance and technology is affecting and will affect the way in which we relate to our money, our finances, our payments, and all financial products. But the rapid development of these companies, thanks to the continuing technological advances, points to a strong transformation of the market in the future.

Thanks to technology, users are changing, and so are their priorities in everyday products and services. The simplicity, clarity, speed, and security in managing their savings and in the immediate control of money are needs that fintech is fulfilling in the fastest of ways.

Fintech has entered our lives to stay.


11Onze is the community fintech of Catalonia. Open an account by downloading the super app El Canut for Android or iOS and join the revolution!

If you liked this article, we recommend you read:


Fintech vs. traditional banking

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“Everybody has a plan until they get punched in the mouth.”


A fincom is much better than a fintech

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What sets us apart from traditional banking?

Fintech banking products

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A collection of the main banking products offered by Fintechs.

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  1. Jordi MorenoJordi Moreno says:
  2. Joan SánchezJoan Sánchez says:

    Al final, suposo que no és més que sentir que tu ets part de banc i no veure’l com quelcom alié

    • Jordi CollJordi Coll says:

      Bona definició, però també tenint en compte que si tu hi surts guanyant, en aquest cas parlo de 11Onze com a fintech, nosaltres també hi guanyem, i establint una relació de confiança per tot plegat, fent comunitat, i com sempre diem, empoderant a tothom perquè pugui prendre les millors decisions. Moltes gràcies pel teu comentari, Joan!!!

      1 year ago
  3. Pere SorianoPere Soriano says:

    Moltes gràcies. Poc a poc consolidant l’eina i la forma de treballar.

  4. Francesc Estafanell PujolFrancesc Estafanell Pujol says:
    Francesc de Borja

    La diferència per mi és que en un banc tradicional el centre és el banc que m’ofereix serveis etc i en El Canut el centre de decisió sóc jo mateix i El Canut m’ajuda

  5. Miquel Pérez CorralMiquel Pérez Corral says:

    A munt 11onze, 😍

    3 years ago
  6. Pere Maria EstremPere Maria Estrem says:
    Pere Maria

    Molt ben explicat.

  7. Manel LopezManel Lopez says:
    • Jennifer Roca Civit says:

      Molt contents que t’agradi aquest article de les Fintech i el futur de la Banca, Manel! Ens veiem per la Plaça!

      3 years ago
  8. Guillem Maura RayoGuillem Maura Rayo says:

    Tot un món nou per descobrir, amb el soport del agents d’11, gràcies

  9. Ricard Calvo VilanovaRicard Calvo Vilanova says:
  10. Josep RuaixJosep Ruaix says:
  11. Joan Santacruz CarlúsJoan Santacruz Carlús says:

    Molt be paraix interesant

  13. Meritxell CornudellaMeritxell Cornudella says:

    Les respostes ràpides i personalitzades entenc que es refereix a temes fiscals, pagaments, declaracions de rendes, consells per invertir, orientacions en projectes mediambientals, orientacions sobre subvencions…
    En marxa ..!

    • Francesc Serra Carrera says:

      Hola, Meritxell! Sí, en marxa ho estarem ben aviat!

      3 years ago
  14. Patricia CarrerasPatricia Carreras says:

    Molt bé. Coneixent aquesta alternativa 11Onze com a nova opció.

  15. Esther CanovasEsther Canovas says:

    Tot avança, pero tambe es bo trovar una cara amiga

    • Elisabet Porqueras Garcia says:

      Hola, Esther, per a 11Onze això és molt important, saber amb qui parles. Gràcies i ens seguim veient per la Plaça

      3 years ago
  16. Jordi FerréJordi Ferré says:

    Hi ha molta gent que l’hi agrada anar a la seva sucursal bancaria i parlar cara a cara amb l’empleat/Ada del banc. Heu pensat en posar sucursals?

  17. alicia Coiduras Charlesalicia Coiduras Charles says:

    Es el futur-present

  18. Vicente Amoretty MarquezVicente Amoretty Marquez says:

    Les fintech són el futur en l’economia.

    • Sara Casals says:

      Gràcies per el teu comentari Vicente,. Cert, son el futur, però en el present ja tenen molta rellevància!

      3 years ago
  19. Jordi OssóJordi Ossó says:

    Ben trobats! I les targetes de crèdit VISA i similars, com queden?

    • David LópezDavid López says:

      Benvingut Jordi. Tot evoluciona, i a 11Onze estarem al dia per poder adaptar-nos a qualsevol mena de canvi que ens porti la tecnologia. En aquest enllaç; podràs veure les funcionalitats i serveis que tindrà a la seva disposició la comunitat 11Onze.

      3 years ago
  20. Mònica Cornudella says:

    Som-hi 11Onze!!

  21. AlbertAlbert Chic Giménez says:

    Clarifying the stuff

  22. Pilar Oltra Vigueras says:

    M’agrada la idea!

    3 years ago
  23. Xavier Esteve says:

    Tot un repte

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