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

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

The ‘buy now/pay later’ service is a growing feature of many large fintech platforms. —Mike O'Sullivan, Forbes, 30 Mar. 2024

Brian Woodring, chief technology officer at fintech Rocket Companies, says there are a few ways of thinking about tech debt. —John Kell, Fortune, 27 Mar. 2024

Similarly, the fintech revolution witnessed banking professionals flourishing in financial technology. —Ebony Flake, Essence, 24 Mar. 2024

Over at fintech company Block, CEO Jack Dorsey nixed meetings on Tuesdays in an effort to spur productivity. —Jane Thier, Fortune, 21 Mar. 2024

Klarna ‘Soon’ Klarna Bank AB, the Swedish fintech that was once Europe’s most valuable startup, is moving forward on a potential US listing that could be one of the largest IPOs this year, Bloomberg reported last month. —Phil Serafino, Bloomberg.com, 8 Mar. 2024

When pressed, Singerman reiterated—go for crypto or fintech (at a certain point, any other sector will do), but there isn’t such a thing as a contrarian investment in AI right now. —Byallie Garfinkle, Fortune, 1 Mar. 2024

Play Video Ant’s bid comes after Chinese regulators wrapped up an almost three-year probe into the fintech firm founded by Ma, imposing a 7.12 billion yuan fine in July. —Cathy Chan, Fortune Asia, 26 Feb. 2024

Word History

Etymology

short for financial technology

First Known Use

1971, in the meaning defined above