fintech

Meanings

• Noun

  The use of technology to improve and automate financial services.

  - "The fintech industry has disrupted traditional banking with innovative digital solutions."
  - "Several fintech startups have raised significant funding to challenge established financial institutions."

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Pronunciation

1. 
   
   
   
   Source: "https://commons.wikimedia.org/w/index.php?curid=57086908"

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Variants

List of all variants of fintech that leads to same result
fintech , fintechs

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Etymology

origin and the way in which meanings have changed throughout history.

Fintech is a portmanteau of 'financial technology'.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. Fintech was first used as a term in the late 1990s.

2. The global fintech market is projected to reach $309.98 billion by 2026.

3. China is the largest fintech market in the world, with over 80% of the population using mobile payments.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Digital Banking: Fintech has revolutionized digital banking by providing convenient, accessible, and cost-effective financial services through digital channels.

2. Blockchain Technology: Blockchain technology is a key component of many fintech solutions, providing secure and transparent digital transactions.

3. Cryptocurrency: Cryptocurrencies like Bitcoin and Ethereum are popular fintech innovations that have disrupted traditional financial systems.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

Fintech has gained significant cultural significance due to its impact on the financial industry and economy. It has been extensively covered in literature, art, and music, particularly in the context of innovation and disruption.

How to Memorize "fintech"

1. visualize
   

   - Imagine a blend of finance and technology, represented by a computer screen displaying financial data and charts.

2. associate
   

   - Associate fintech with innovation, disruption, and convenience in the financial industry.

3. mnemonics
   

   - Use the mnemonic 'Finance + Technology = Fintech' to remember the definition.

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