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

Ribbit did it in fintech last decade, backing breakout companies like Coinbase, Nubank and Robinhood, scoring Micky Malka a spot high atop the Forbes Midas List. —Alex Konrad, Forbes, 31 Jan. 2025

The push into fintech was telegraphed by a trademark application filed in November. —Matt Egan, CNN, 29 Jan. 2025

Suggested Reading The dollar could climb with Trump tariff risks not expected to shift Fed policy Trump Media expands into fintech, launching Truth. —Vinamrata Chaturvedi, Quartz, 29 Jan. 2025

Shares of Trump Media, the parent company of Truth Social, surged after its board approved an expansion into financial services and fintech with management and oversight by financial firm Charles Schwab, just over a week after President Donald Trump's inauguration. —Jonathan Granoff, Newsweek, 29 Jan. 2025

Word History

Etymology

short for financial technology

First Known Use

1971, in the meaning defined above