fintech

[ fin-tek ]

noun

1. digital technological innovations utilized by customers or institutions in the financial services industry (often used attributively):

   Fintech makes it easy to save and invest money with your mobile device.

   With a population of more than a billion, India is a hotbed for fintech products.

2. a company that uses or develops digital technological innovations in the financial services industry (often used attributively):

   Fintechs are offering solutions for customers unable to get loans from a traditional bank.

   There's a fintech startup that enables consumers to shop online without using a credit card.

Word History and Origins

Origin of fintech¹

First recorded in 2010–15; fin(ancial) ( def ) + tech(nology) ( def )

Example Sentences

“To the extent that the Biden administration was skeptical of fintech and crypto, it’s a reasonable bet that the Trump administration will reverse any fintech and crypto skeptical policies that the Biden administration stood up,” O’Boyle said.

From Los Angeles Times

About 50% of Americans believe that the winner of the presidential election will affect their own finances, a recent survey from fintech company Empower found.

From Salon

Jared Isaacman, a fintech billionaire serving as commander of the Polaris Dawn mission, and three other crew members lifted off in the Hawthorne company’s Crew Dragon spacecraft.

From Los Angeles Times

Isaacman, a fintech billionaire, is funding the space journey aboard a SpaceX Crew Dragon capsule, which typically services the International Space Station.

From Los Angeles Times

The Polaris Dawn mission is being funded by Jared Isaacman, a fintech billionaire who will serve as commander of a crew of four, including two SpaceX employees.

From Los Angeles Times