The term ‘fintech’ is used to describe a firm or financial service which provides innovative engineering science within the world of business transactions. In the past these transactions were confined to traditional banks, however, new businesses are springing up and transforming the globe of personal and commercial finance.

Here at Propeers Accountancy, we have a passion for helping businesses succeed. Whether you are a new startup looking for data or assistance with invoicing, paperwork and tax or a large rapidly expanding corporation that needs a tailored solution, our accountants are here to help.

One of the most rapidly evolving sectors in our economy, especially in Asia. Technological advancements, such as mobile payments and cloud-based accounting software, radically transform how businesses operate and interact with their customers.

Moreover, a cultural shift in the accounting business has been causing technological changes, according to roughly 90% of accountants.

For accounting firms, the mainstay of their business has been providing compliance and advisory services to their clients. However, with the advent of fintech, a new breed of startups is challenging the status quo and offering innovative solutions that shake up the industry.

From applications that are capable of predicting consumer behaviour and potential business opportunities to the emergence of cryptocurrencies and blockchain, the international finance world is changing, and our trusted team of accountants are here to help.

Financial technology companies are changing the way we could save, invest and process monetary transactions, and as a forward-thinking accountancy practice, we could always support clients which make new solutions more accessible to the public.