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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
As global payments continue to grow, greater numbers of players beyond the fintech space are also embracing the opportunities in cross-border payments, either through white-label services provided by infrastructure providers or through their own in-house systems. Daniel Webber, Forbes, 25 Feb. 2025 The country is also home to Revolut, Europe’s biggest fintech unicorn with a $45 billion valuation. Ryan Browne, CNBC, 25 Feb. 2025 These often look to leverage AI and blockchain technologies for applications such as fintech and e-commerce. Chris Gallagher, USA TODAY, 19 Feb. 2025 Zoom out: Analysts are projecting a good year for the fintech app and early adopter of crypto. 💭 Our thought bubble: The mistake companies often make in this space is assuming surges like that will continue. Brady Dale, Axios, 13 Feb. 2025 See All Example Sentences for fintech

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

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Cite this Entry

“Fintech.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/fintech. Accessed 3 Mar. 2025.

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