fintech
noun
- technology, now especially digital and online technology, used to support banking and other financial activities
Wiktionary
Pronunciation: /ˈfɪntɛk/
noun
Etymology: A clipping of finance technology.
- Financial technology, that is, technology (usually information technology) that is focused on finance.
“A wave of financial-technology (or “fin-tech”) firms, many of them just a few years old, are changing the ways in which people borrow and save, pay for things, buy foreign exchange and send money.”
“2016, Laura Sanicola, Will fintech help or hurt traditional advisors?, CNBC Financial technology, commonly known as fintech, has exploded globally since 2008.”
- A company in the finance sector, such as one dealing with payments, fundraising or loans.
“Nubank is a fintech that was founded in 2013 and entered the Brazilian market to compete with traditional financial services providers.”
“Lines are often blurred when it comes to determining when a tech company becomes a FinTech. PayPal is an example of a FinTech that has been around since the late 90s, as have many other e-wallets and Payment Service Providers.”