FinTech Definition

Financial Technology, nowadays better known under the term 'fintech', describes a business that aims at providing financial services by making use of software and modern technology.

Today, fintech companies directly compete with banks in most areas of the financial sector to sell financial services and solutions to customers. Mostly due to regulatory reasons and their internal strucutres, banks still struggle to keep up with fintech startups in terms of innovation speed. Fintechs have realized early that financial services of all kinds – including money transfer, lending, investing, payments, ... – need to seamlessly integrate in the lives of the tech-savvy and sophisitcated customers of today to stay relevant in a world where business and private life become increasingly digitalized.

Especially millenials (people born between approx. the early 80s and late 90s) and the following generations prefer quick and easy banking services over walking to a branch, appointments with bank consultants and lenghty processes setting up accounts or putting together a portfolio (as two of hundreds of examples where mobile and digital banking services allow for a more frictionless and stress-free process).

FinTech Weekly is a news service that keeps you up to date with the most important devlopments in the business. We do not focus on the latest product releases but try to capture the current trends and tendencies in the financial business. Our newsletter covers expert insights and high-quality articles examining the industry's status and predicting development in the market.

Take a look at our range of services including the latest news, the largest list of worldwide fintech events or our huge list of global fintech companies ordered by country or category. If you want to know more about fintech, this is the place to be. Thank you for visiting our website and thank you for coing back for more!

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