fintech

American  

[fin-tek] / ˈfɪn tɛk /

noun

1. digital technological innovations utilized by customers or institutions in the financial services industry (often used attributively).

   Fintech makes it easy to save and invest money with your mobile device.

   With a population of more than a billion, India is a hotbed for fintech products.

2. a company that uses or develops digital technological innovations in the financial services industry (often used attributively).

   Fintechs are offering solutions for customers unable to get loans from a traditional bank.

   There's a fintech startup that enables consumers to shop online without using a credit card.

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Etymology

Origin of fintech

First recorded in 2010–15; fin(ancial) ( def. ) + tech(nology) ( def. )

Example Sentences

The Customer Experience and Communications Consumer Insights survey showed seventy-one percent of U.S. and Canadian respondents think most companies need to improve their customer experience, a record high, according to the seventh annual study conducted in August and published in November by fintech company Broadridge Financial Solutions.

From The Wall Street Journal

The current series follows the fall-out when "a splashy fintech darling bursts onto the London scene", according to the publicity released ahead of the show's scheduled broadcast in the new year.

From BBC

Investment has channelled into real estate, fintech, trade and infrastructure in "a fast-growing, underserved market", he said.

From Barron's

“We generally do not consider analyst days as positive catalysts and acknowledge that Block has a high bar to clear as it seeks to re-engage investors in a dismal fintech market,” Jeffrey wrote ahead of the event.

From MarketWatch

The earnings report was the fintech’s first since going public in September.

From Barron's