Definition: Fintech or “FinTech” is a short form alternative to “financial technology company.”
Even though companies like Visa, Mastercard, NCR and Western Union would “technically” meet that definition, the term is used for emerging technology and startups.
Cooperative fintechs generally provide a form of bank marketing by allowing a financial institution to license their software.
Disruptive fintechs seek to replace traditional financial institutions.
Use It In a Sentence: Man, I think Square is going to win in the P2P fintech war with their lower CAC and better UI. I just don’t see Zelle as ever being able to fix all their problems.
More Definitions: CAC Definition, Hot House Company Definition
For Further Reading: 10 Tips to Tighten Up Your Software Sales Pitch | Bank Marketing Services
