fintech

noun

fin·​tech ˈfin-ˌtek 

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

The fact is that allowing customer data to flow, under an equitable arrangement, is good not only for banks and fintechs but for society as a whole. —David G.w. Birch, Forbes.com, 20 July 2025

According to four industry executives, the move is a blow to the fintech sector and could prove devastating to early-stage startups, including those in the crypto industry. —Sheryl Estrada, Fortune, 17 July 2025

SoFi is well-positioned to capitalize on the market for fintech blockain which is foreacst to reach $49 billion by 2030, according to AInvest. —Peter Cohan, Forbes.com, 8 July 2025

Chime faces tough competition from traditional financial institutions, like Ally and Capital One, and a variety of different fintech platforms that target the same users like SoFi, Affirm and Cash App (owned by Block). —Luisa Beltran, Fortune, 8 July 2025

Word History

Etymology

short for financial technology

First Known Use

1971, in the meaning defined above

Rhymes for fintech

• aztec
• breakneck
• codec
• exec
• mixtec
• paycheck
• pinchbeck
• recheck
• redneck
• toltec
• beck
• breck