Alibaba Group, the behemoth of electronic trading in China, set up Alipay in 2004 as a payment system for its Taobao site.

LoopPay usually presents itself as "the world's most accepted mobile wallet". Its technology works with 90% of the point-of-sale terminals deployed in the United States, thanks to the fact that it mimics the magnetic stripes of the cards wirelessly.

The financial sector has a number of highly profitable services such as payment channels. Traditionally, financial institutions have sought to maintain these within their power, and that's why many customer offers take the form of integrated packages with credit and debit cards, and direct debit payments. In addition to the profitability it generates for the sector, it also connects the user to the bank and supplies abundant knowledge of the customers, although this last aspect is generally relatively underutilized throughout the sector.

In 2012, IBM's resource portal for developers, DeveloperWorks, covered in one of its articles the discovery by the companies of the financial sector of the fact that mobile technologies were an "opportunity to extend their reach to the customer and improve their differentiation".

The transformation of banking is a fact, so the relationship between traditional financial institutions and fintech startups was discussed in The API Hour focused on fintech companies. Regulation, customer trust, collaboration and competition have been the themes of this financial debate.

As with all financial products, investments in P2P platforms include certain risks linked to liquidity, credit, the market itself... As an additional risk, "intermediary" platforms may not correctly assist in the selection of projects, management of information, and even in aspects of payment management. These are the six financial risks linked to crowdfunding operations..

Experts warn that the massive amount of data collected by companies is likely to be stolen or may be used against consumers for other profit-making purposes.

This model of collaborative funding is gaining more followers: an entrepreneur looking for funding for your project is contacted with investors through a technology platform. We teach you the process of crowdfunding, a snapshot on crowdfunding and platforms with more boom.

Collaborative models in the social and economic realms are coming of age through the Internet and the use of new technologies. In the financial market, crowdfunding platforms are at the forefront of this trend in collaboration.