In this article, we will discuss FinTech. So, let’s get started.
- Originally, FinTech referred to the technology applied to the back-end of established consumer and trade financial institutions.
- However, in the past few years, the term has expanded to include any technological innovation in the financial sector (financial literacy and education, retail banking, investment and even crypto-currencies (Decentralised Finance (DeFi)).
- FinTech is any technology that seeks to improve and automate the delivery and use of financial services.