fintech
noun/ˈfɪntɛk/
Etymology
A clipping of finance technology.
Definitions
Financial technology, that is, technology (usually information technology) that is…
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.
- 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?
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.
Alternative letter-case form of fintech.
- In a March 2018 document, the FinTech banks were defined by the ECB as banks with “a business model in which the production and delivery of banking products and services are based on technology-enabled innovation” (ECB 2018b).
The neighborhood
Vish — recursive loop
No curated loop yet for fintech. Loops are being traced one word at a time while the ingestion pipeline matures.
sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA