News from the Edge

Fintech is taking over finance and that's a good thing

Posted by Jennifer Tule on Feb 1, 2017 2:28:08 PM

Fintech has been one of those industry buzzwords that has excited the financial industry for the last 6 or so years.  If you are not sure what “fintech” means, I might assume you’ve gone off the grid a while because it has been pretty hard to avoid.  Fundamentally, fintech stands for financial technology or any technology used to serve the emerging finance sector.  That seems like a rather broad brush stroke though.  More recently fintech has come to describe a segment of that industry that is using new technologies to drive innovation in traditional finance and those that serve financial services.  Invigorating the old, established financial sector with a digital transformation is indeed exciting and a great opportunity for many.

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Topics: fintech, fintech regulation, financial technology

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