financial technology
Money meets software
Financial technology refers to software, apps, and digital systems that deliver financial services—banking, payments, investing, lending, and insurance.
Often shortened to fintech, the term covers everything from mobile payment apps to cryptocurrency platforms to algorithmic trading systems.
The financial technology sector has disrupted traditional banking.
A fintech company typically competes with or supplements conventional financial institutions.
- mobile paymentsPurchases via portable devices
- microloansSmall borrowed sums
- robo-advisorsAutomated investment management platforms
- smart contractsSelf-enforcing coded agreements
- digital walletsVirtual payment storage
money transfer apps · algorithmic trading · peer-to-peer lending · contactless payments · stablecoins · fraud detection · open banking · payment gateways · buy now pay later · digital banking · venture capital · crowdfunding platforms · credit scoring · neobanks · cryptocurrency · blockchain
financial technologycash economy
Commerce using physical currency
paper money · cash transactions · barter · hard currency · gold standard
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