Desde Investopedia

TERM OF THE DAY

Fintech Fintech is a portmanteau of financial technology that describes an emerging financial services sector in the 21st century. Originally, the term applied to technology applied to the back-end of established consumer and trade financial institutions. Since the end of the first decade of the 21st century, the term has expanded to include any technological innovation in the financial sector, including innovations in financial literacy and education, retail banking, investment and even crypto-currencies like bitcoin.

Breaking it Down: The term financial technology can apply to any innovation in how people transact business, from the invention of money to... Read More