Almost every company in the financial technology sector has already started using AI to save time, reduce costs, and add value. storing and accessing financial information combined with the maturation of tech capabilities are all in place to accelerate the digital transformation of accounting and finance. Actually, when machines take over repetitive, time-consuming and redundant tasks, it will free human finance professionals to do higher level and more lucrative analysis.
Nullatech attended ITE (Iran Transaction Exhibition) last week. This exhibition is organized by FABA and is an international event that provides an appropriate space for all stakeholders of banking and payment industry to share latest ideas and products. This year 50 FinTech startups demonstrate their innovative ideas and solutions to the banking and payments industries. Nullatech attended this exhibition as one of the 16 top fintech startups.
FABA (center for Promotion of Ebanking and professional training) is the most influential entity so far in terms of providing food for thoughts for Iranian Bankers in fields of strategy, management and technology. Since FABA is established by Iranian banks, events organized by this organization is a suitable place to show up the latest innovation in software and hardware provided by domestic and international companies.
The financial industry has started to evolve rapidly over the past few years, and the technology we use to send, receive, and spend money continues to grow at an impressive pace. The problem for many investors is that companies producing innovative technologies aren’t often known for their dividends. For example, some of my favorite fintech stocks, such as Square and Lending Club, don’t pay dividends yet and have no plans to start.
Having said that, there are some smart options for dividend-seeking investors who want a piece of the fintech industry.
|Company||Recent Stock Price||Dividend Yield|
|TD Ameritrade (NASDAQ:AMTD)||$36.76||2%|
|Bank of America (NYSE:BAC)||$22.90||1.3%|