fintech

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English

Alternative forms

Etymology

Clipping of finance technology

Pronunciation

  • Audio (US):(file)
  • Hyphenation: fin‧tech

Noun

fintech (countable and uncountable, plural fintechs)

  1. (uncountable) Financial technology, that is, technology (usually information technology) that is focused on finance.
    • 2013 August 3, “Revenge of the nerds”, in The Economist, volume 408, number 8847:
      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?
    • 2016, Michael J Moore, Biggest Global Banks at Davos: We're All Fintech Innovators Now‎, Bloomberg:
      Fintech was every banker’s buzzword at the World Economic Forum.
    • 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. (countable) A company in the finance sector, such as one dealing with payments, fundraising or loans.
    • 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 2020-02-20:
      Nubank is a fintech that was founded in 2013 and entered the Brazilian market to compete with traditional financial services providers.
    • 2019 February 5, Banking Circle, “What is FinTech, and what does it mean for your business?”, in News and Events: Insights‎, retrieved 2020-02-20:
      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.

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