FinTech services and their impact on various sectors

WQR2016 illustrates that financial firms are partnering with FinTech firms in order to make their presence known in the market. With the changing nature of firms, testing for related applications also changes. Today, we need agile delivery models, rapid QA and testing, and application programming interfaces with service virtualization. FinTech disruption has affected various sectors of the industry through its services, which are based on digital platforms. The following heat map shows the sectors with services currently having an immediate impact:

Some of the FinTech services available include:

• Lending services: FinTech firms are offering peer-to-peer lending services, including online solutions that allow lenders and borrowers to work together. Borrowers, in this case, may be individuals or businesses. Examples include companies such as Lendbox and MarketFinance.
• Payment services: Companies are offering online payment solutions where...