fintechs
App-based banking companies
Fintechs is the plural of fintech, itself a blend of "financial technology." A fintech is a company that uses technology to deliver financial services—mobile payments, peer-to-peer lending, cryptocurrency exchanges, budgeting apps.
The term emerged in the 2010s as startups began competing with traditional banks: Fintechs have disrupted how people manage money.
Forceful interruption of process
- digitalizationConverting to electronic format
- automationSelf-operating system design
- analyticsSystematic examination of datasets
- peer-to-peerServerless network architecture
neobank · API · chatbot · personalization
Speed control mechanism
- incubatorControlled warming enclosure
- bootstrappingSelf-starting without external input
- cofounderJoint business originator
- entrepreneurOne who starts businesses
unicorn · venture · disruptor · ecosystem · lean · scalability · pivot · valuation
Encrypted decentralized money
- decentralizationDistributing power from center
- BitcoinPeer-to-peer electronic cash
- EthereumProgrammable blockchain network
- tokenizationConverting input into discrete units
wallet · consensus · nodes · proof-of-stake · proof-of-work · cryptography · altcoins · stablecoins
Impartial treatment or ownership value
- portfolioCollected works or assets
- stocksOwnership stakes or inventory
- bondsTies that unite
- tradingExchanging for value
IPO · shares · robo-advisor · securities · dividends · derivatives · commodities · funds
disruption
Forceful interruption of process
- digitalizationConverting to electronic format
- automationSelf-operating system design
- analyticsSystematic examination of datasets
peer-to-peer · neobank · API · chatbot · personalization
accelerator
Speed control mechanism
- incubatorControlled warming enclosure
- bootstrappingSelf-starting without external input
- cofounderJoint business originator
entrepreneur · unicorn · venture · disruptor · ecosystem · lean · scalability · pivot · valuation · Stripe
cryptocurrency
Encrypted decentralized money
- decentralizationDistributing power from center
- BitcoinPeer-to-peer electronic cash
- EthereumProgrammable blockchain network
tokenization · wallet · consensus · nodes · proof-of-stake · proof-of-work · cryptography · altcoins · stablecoins · DeFi
equity
Impartial treatment or ownership value
trading · IPO · shares · robo-advisor · securities · dividends · derivatives · commodities · funds · ETF
fintechscommercial banks
For-profit lending institutions
retail banks · community banks · credit unions · savings and loans · building societies