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

Since the fintech industry’s early beginnings, startups have needed access to consumers’ bank data to perform different functions, like money transfers and budget recommendations. —Megan Poinski, Forbes.com, 2 Sep. 2025

And Benioff is far from being the first leader to cut down specifically customer service jobs; fintech company Klarna’s AI agents are doing the work of 700 customer service employees. —Emma Burleigh, Fortune, 2 Sep. 2025

Part of the shift reflects Beijing’s recognition of US dollar’s growing digital influence, said Jeff Wen, co-founder and chief business officer of Hayek Technology, a fintech firm based in Taiwan. —John Liu, CNN Money, 2 Sep. 2025

Nigerian banks are facing a challenge from digital-only fintechs competing for customer deposits on the basis of new technology enabling reliable service delivery on smartphones. —Alexander Onukwue, semafor.com, 1 Sep. 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