Entity: FINTECH
FINTECH is a portmanteau of the words 'financial' and 'technology', referring to apps, software, or technology enabling digital access to finances. It involves newly developed digital and online technologies in banking and financial services.
FINTECH
Etymology
FINTECH is a portmanteau of the words 'financial' and 'technology'.
Definition
FINTECH refers to any app, software, or technology that allows people or businesses to digitally access, manage, or gain insights into their finances.
Historical Context
The term FINTECH emerged with the rise of digital technologies and their application in financial services.
Cultural Significance
FINTECH has revolutionized the way individuals and businesses interact with their finances, offering convenience and efficiency.
Related Concepts
Other related concepts include digital banking, blockchain technology, and robo-advisors.
See Also
A term describing the integration of technology into financial services to enhance efficiency, accessibility, and user experience.