Capterra Glossary
Digital Finance
Digital finance refers to delivering traditional financial services with digital technologies, such as computers, tablets, and smartphones. Digital finance provides access to financial services to underserved communities that lack physical infrastructure such as brick-and-mortar banks. Customers can carry out services over the internet instead of visiting a physical location. Digital finance, therefore, reaches more people than traditional financial services, thus helping service providers target new markets with modern technologies.
What Small and Midsize Businesses Need to Know About Digital Finance
SMBs can use digital finance wherever they are in the world, helping them establish themselves, grow, and compete with larger companies. For example, a small business can pay bills, manage payroll, prep taxes, and handle cash flow using digital technologies.
Related Terms
- Compound Annual Growth Rate (CAGR)
- Financial Planning and Analysis (FP&A)
- Selling General and Administrative (SG&A) Expenses
- Hedge Fund
- Gateway
- Record to Report (R2R)
- ROIT (Return on Information Technology)
- Chief Revenue Officer (CRO)
- SAC (Subscriber Acquisition Cost)
- ROE (Return on Equity)
- Tokenization
- Net Present Value
- Fintech
- Financial Management System (FMS)
- Business Capability Modeling