fintech

noun

fin·​tech ˈfin-ˌtek How to pronounce fintech (audio)
plural fintechs
: products and companies that employ newly developed digital and online technologies in the banking and financial services industries
The impact that fintech is making throughout our economy is still in its infancy stages. Fintech is really just about innovating and bringing solutions to the banking, lending and capital markets.Jason Raznick
often used before another noun
the fintech sector
… a leading fintech firm, a new breed of companies that offer loans through online platforms.Hugo Martin
From payments to wealth management, from peer-to-peer lending to crowdfunding, a new generation of startups is taking aim at the heart of the industry … . Like other disrupters from Silicon Valley, "fintech" firms are growing fast.The Economist
also : a business that uses or creates such technologies
Traditional banks are eager to court fintechs as clients, partners or vendors—often in all three roles at once. Mark Calvey

Examples of fintech in a Sentence

Recent Examples on the Web These companies benefited from advancements in biotech, fintech and retail, showcasing diversified industry growth. Detroit Free Press, 1 June 2024 The couple continued to be open about their financial situation, even when Vazquez transitioned into a role at a fintech startup in Atlanta where her salary was $57,000. Kimberlee Speakman, Peoplemag, 31 May 2024 One reason: demand for affordable mobile phones far exceeds the supply one company can provide, says Jesse Moore, CEO and co-founder of the 13-year-old fintech company. Armani Syed, TIME, 30 May 2024 The fintech has raised about $134 million in funding, according to Crunchbase, with investors including Eldridge Industries, Generation Partners, and SoftBank Capital. Luisa Beltran, Fortune, 21 May 2024 Read more: JPMorgan Chase is about to let advertisers target customers based on their spending Visa, which has been around since 1958, is also looking to set itself apart from some of its more modern and digitally savvy fintech rivals, like Stripe and Plaid. Rocio Fabbro, Quartz, 16 May 2024 The idea is that the fintech’s in-house lawyers will have more time to do higher value work, which presumably involves careful editing of those initial drafts. Adam Gale, Fortune Europe, 14 May 2024 The two cards released on Tuesday are issued by fintech startup Cardless, and offer ways to accumulate miles faster, as well as an opportunity to get on a fast track toward coveted elite status. Chris Dong, Condé Nast Traveler, 7 May 2024 Many are smaller and by invitation only, including ones sponsored by JPMorgan Chase & Co., the fintech company Brex, Peter Thiel’s Founders Fund and Delta Airlines. Vinod Sreeharsha, Miami Herald, 2 Apr. 2024

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'fintech.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

Etymology

short for financial technology

First Known Use

1971, in the meaning defined above

Time Traveler
The first known use of fintech was in 1971

Dictionary Entries Near fintech

Cite this Entry

“Fintech.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/fintech. Accessed 22 Jun. 2024.

Last Updated: - Updated example sentences
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