The march of Fintech has been a relentless one over the past few years, and if one looked closely, then it becomes quite clear that it is going to continue for the foreseeable future. Fintech is all set to become one of the biggest industries in the world, and investors are investing hundreds of millions of dollars in Fintech companies across the world. Like in the rest of the world, the growth of Fintech in Australia has been quite impressive as well, and one of the companies that has been at the forefront of this growth is Cashwerkz. In a new development, the company announced on Tuesday that it is in the process of rolling out a new Fintech platform altogether and needless to say, it is an important development as far as the industry is concerned.
A relatively new sector like Fintech needs regular rollout of new products from the companies in the industry, and hence, it is an important development overall. The new platform is focused on online cash investing and is going to be involved in completely revamping the process in which it is done at this point. The new platform will also quicken up the process significantly. The chief technology officer of Cashwerkz, Peter Whitfield, spoke about the new product rollout and how the net platform is going to prove to be a path-breaking product. He said,
We really wanted to adopt a more open and flexible platform architecture and be more agile when it came to product development. This strategy allows Cashwerkz to focus more of our technology resources on delivering business value instead of running infrastructure.
The new platform is going to be an exciting new chapter in the history of Cashwerkz, which has steadily grown into one of the most important Fintech companies in Australia over the years. However, when it comes to Fintech, a company cannot sit on its laurels and has to keep improving its product significantly. If it does not do that, then there is every chance of another company to get into space and improve on what it offers. Over the years, such things have happened, and hence, most of the leading Fintech companies are nowadays focused on continually improving its products to stay ahead of its competitors.