DeFi and Web3 - What Do They Hold For Fintech And Insurtech? The current banking & financial system is lagging due to its following of outdated central banking policies, moderate interest rates, illegal migration & trade of goods, money laundering, online fraud, and various global restrictions. And this is the reason global traders are looking for more secure, trustworthy & reliable banking & financial solutions to safeguard their worth. DeFi DeFi or we can say - “Decentralized Finance” - A platform inspired by Blockchain technology, allowing parties-to-a-transaction to get, access, and manage a copy of the same data maintained on a single ie. decentralized network. They can edit, change or amend their documents in real-time, provided with the consent of other members. In simple words, no alteration or amendments can take place without the majority of associated members. Read more: https://www.axioscreditbank.com/blogs/defi-and-web3-what-do-they-hold-for-fintech-and-insurtech #insuranceservices #financialservice #digitaltradefinance #DecentralizedFinance #Blockchaintechnology