FinTech
Definition FinTech, short for financial technology, refers to the integration of technology into offerings by financial services companies to improve their use and delivery to consumers. It primarily works by unbundling offerings by such firms and creating new markets for them. Importance of FinTech FinTech has revolutionized the way people conduct their financial transactions, providing faster, cheaper and more accessible financial services. It encompasses everything from payment apps to cryptocurrency and has significantly disrupted traditional banking and investment industries.