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Financial technology
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<p>Financial technology (abbreviated as fintech) refers to the application of innovative technologies to products and services in the financial industry. This broad term encompasses a wide array of technological advancements in financial services, including <a href="/facts/Mobile_banking/9aCEopxM">mobile banking</a>, online lending platforms, digital payment systems, <a href="/facts/Robo-advisors/69SBR55B">robo-advisors</a>, and <a href="/facts/Blockchain/8H43GgWy">blockchain</a>-based applications such as <a href="/facts/Cryptocurrencies/Rg6JAS8y">cryptocurrencies</a>. Financial technology companies include both <a href="/facts/Startup_company/9lsjFELt">startups</a> and established technology and financial firms that aim to improve, complement, or replace traditional financial services. </p>