Insurtech is the application of technology particularly to the insurance area. One instance would be the use of units that monitor your driving so as to modify auto insurance coverage rates. Crypto apps, including wallets, exchanges, and fee purposes, let you maintain and transact in cryptocurrencies and digital tokens like Bitcoin and non-fungible tokens . Department of the Treasury, while Technology news fintech companies create new opportunities and capabilities for companies and consumers, they’re also creating new risks to concentrate to. “Data privacy and regulatory arbitrage” are the main issues noted by the Treasury.