Fintech Definition
Fintech is defined as a new financial technology that aims to improve and automate the delivery of financial services. Fintech includes a wide range of technologies, from mobile payments and online banking to cryptocurrency and artificial intelligence.
Fintech has the potential to revolutionize the financial sector by making it more efficient, accessible, and affordable. For example, fintech can help reduce the cost of financial services, make it easier for people to access financial products and services, and improve the quality of financial decision-making.
In recent years, fintech has become one of the fastest-growing industries in the world. The global fintech market is expected to reach $309 billion by 2022, up from $24 billion in 2015, according to a report by MarketsandMarkets.
