Okuzeka
Finance & Banking vocabulary · Fintech & Digital Banking

Fintech

Meaning in finance & banking, with examples

/ˈfɪntek/nounCore term

In finance & banking, fintech means: Short for financial technology: technology that improves or automates financial services, and the companies that build such products.

In Turkish: finansal teknoloji, fintek

How it is used

Used both for the sector and for single companies: 'a fintech' or 'a fintech company'. It covers payments, lending apps, digital wallets, neobanks and regtech. Banks partner with, invest in or compete with fintechs.

Example sentences

  1. We are partnering with a fintech to offer instant loans at checkout.

  2. Fintech companies have made international money transfers cheaper.

Common collocations

  • fintech company
  • fintech startup
  • fintech sector
  • partner with a fintech
  • open bankingA system in which banks, with the customer's permission, share account data or let licensed third parties start payments through secure APIs.
  • neobankA bank that works only through a mobile app and website, without physical branches, and often offers lower fees and fast account opening.
  • digital walletAn app or online service that stores payment cards or money so that you can pay with a phone, watch or computer.
  • mobile bankingUsing a bank's app on a smartphone or tablet to check balances, make payments, transfer money and use other services.

More terms: Fintech & Digital Banking

Practise with graded reading

Reading at the right level is the fastest way to make new words stick. Pick free English books by level:

This page explains English vocabulary for learners. It is not financial advice.