Decentralized finance, or DeFi, uses blockchain-based protocols and smart contracts to provide financial services such as trading, lending, borrowing, and liquidity without relying entirely on traditional financial intermediaries. This guide explains how DeFi works, common protocols, collateral, liquidity pools, risks, and the limits of decentralization.
Open banking allows customers to give approved financial services permission to access specific banking data or initiate payments through secure digital connections. This guide explains open banking APIs, consent, account-to-account payments, open finance, benefits, risks, and common misconceptions.
Fintech, or financial technology, is changing how people and businesses make payments, borrow money, invest, manage accounts, and access financial services. This guide explains what fintech is, how fintech companies work, common examples, banking applications, AI trends, benefits, and risks.
