fintech
noun/ˈfɪntɛk/
Etymology A clipping of finance technology.
1
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.2013 August 3, “Revenge of the nerds”, in The Economist, volume 408, number 8847:
- 2016, Laura Sanicola, Will fintech help or hurt traditional advisors?, CNBC Financial technology, commonly known as fintech, has exploded globally since 2008.
3 more examples
- 2016, Martin Wolf, Good news — fintech could disrupt finance, Financial Times Why might one hope that new financial technology, or “Fintech” as it is known, will transform these businesses?
- Fintech was every banker’s buzzword at the World Economic Forum.2016, Michael J Moore, Biggest Global Banks at Davos: We're All Fintech Innovators Now, Bloomberg:
- 2016, Frank Sorrentino, For Fintech Disruptors, Regulatory Freedom Will Be Fleeting, Forbes Lacking their size, scope, geography, capital or insurance; fintech companies have established themselves as free, to an extent, from the regulatory scrutiny that governs traditional financial institutions.
2
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.2020 February 11, Fernanda Pedreira, “Nubank: a fintech that finally nudges Brazil’s banking oligopoly”, in Harvard Business School, Digital Innovation and Transformation, MBA Student Perspectives, retrieved 20 Feb 2020:
- 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.2019 February 5, Banking Circle, “What is FinTech, and what does it mean for your business?”, in News and Events: Insights, archived from the original on 20 Feb 2020: