Meaning of the word fintech in English

What does fintech mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

fintech

US /ˈfɪn.tek/
UK /ˈfɪn.tek/
"fintech" picture

Noun

financial technology, referring to technology that aims to improve and automate the delivery and use of financial services

Example:
The rise of fintech has transformed the banking industry.
Many startups are focusing on innovative fintech solutions.