We can verify that the largest offer financial services of different types. Some examples of them are online banking, credit or insurance services, representing 11% of the profits of these companies. Some of these steps lie not only in the creation of new financial services, but also in the absorption of parts of the current financial system. Currently some of these companies are establishing alliances with different banking entities of great importance. Much of the cause of the growth of this channel is derived from a positive perception of the users of these services provided by fintech, compared to traditional banking.
Where the convenience of consumers is the ultimate goal, where having a program, platform or app that helps the consumer is vital. The monopoly of the five big tech access to the information available to these companies allows them to have access to information Raster to Vector Conversion that is essential for the growth of their business. Aspects such as email and navigation data provide efficient sources for the development of your activity. This, therefore, provides the tech giants with a huge competitive advantage. We can see that the big technology companies have become the companies with the greatest reach.
google with about 2,000 million approximately. If we make a comparison with one of the main banks that has 840 million clients, not even reaching half of the users of these companies. This is a clear example of their activity. In this way, we can see how these companies enjoy a certain monopoly, where their activity is not focused on the main one, but rather they obtain benefits in different ways, which allows them to finance access to new markets. The main advantage of big tech: big data the