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

Instead, these fintechs will partner with banks that can provide FDIC insurance and then deposit your money with those institutions. —Andreina Rodriguez, CNBC, 21 Jan. 2025

Context: Rise was founded as a way for Barclays to stay on top of tech coming out of fintech companies. —Lucinda Shen, Axios, 16 Jan. 2025

When fintechs fail, the ramifications can be profound. —Chris Perry, Forbes, 9 Jan. 2025

Bethune plans on continuing to contribute to the fintech story throughout his lifetime. —Chris Gallagher, USA TODAY, 5 Jan. 2025

Word History

Etymology

short for financial technology

First Known Use

1971, in the meaning defined above