noun

fintech

Encompasses everything from online banking to overthrowing the global financial system.

Shorthand for ‘financial technology’ that refers to applying modern technology to problems in the financial services sector, like allowing people to deposit checks from their smartphone.

Can encompass everything from modernizing standard financial activities to highly experimental ideas, like "overthrowing the entire global financial system”.

Large companies innovate in fintech and there are also fintech startups.

#fintech #vc