Financial Technology

Abstract

The integration of technology into finance has given rise to fintech, revolutionizing the financial services industry. This paper examines two notable fintech companies, Mercury and Qonto, focusing on their business models, innovations, and competitive landscapes. Mercury and Qonto exemplify fintech by leveraging technology to provide innovative financial solutions to startups, freelancers, and SMEs. They have disrupted traditional banking by offering mobile banking services, streamlined processes, and tailored products. Despite their successes, both companies face challenges such as regulatory scrutiny, competition, and limitations in product offerings. Their future success depends on addressing these challenges and continuing to innovate in the dynamic fintech landscape.