Fintech

Financial Technology

Fintech refers to technology-driven innovation in financial services. It encompasses mobile banking, peer-to-peer payments, robo-advisors, cryptocurrency, and other digital financial solutions.

Fintech companies are disrupting traditional banking by offering faster, cheaper, and more accessible financial services. Examples include payment apps like Venmo, digital banks like Chime, and neobanks.

Related Terms

Open Banking

Open banking is a system where banks share customer financial data with third-party providers throug...

Digital Wallet

A digital wallet is an electronic device, software program, or online service that stores payment in...

API

Application Programming Interface

An API is a set of protocols and tools that allows different software applications to communicate wi...

Cryptocurrency

Cryptocurrency is a digital or virtual currency that uses cryptography for security and operates on ...

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