fintech

/ˈfɪntɛk/

Etymology

A clipping of finance technology.

noun

  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.”
  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.”