Financial technology

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When it comes to the supply of financial services, financial technology (abbreviated fintech or FinTech) refers to technology and innovation that seeks to compete with conventional banking techniques.[1][2] A new sector is developing that is focused on using technology to enhance the efficiency of financial transactions. Among the innovations aimed at increasing the accessibility of financial services to the general people are the use of smartphones for mobile banking, investing, and borrowing services, as well as cryptocurrencies. Firms involved in financial technology include both startups and established financial institutions, as well as technology companies that are attempting to replace or improve the use of financial services offered by current financial institutions.


  1. Infinite Financial Intermediation, 50 Wake Forest Law Review 643 (2015)
  2. Van Loo, Rory (2018-02-01). "Making Innovation More Competitive: The Case of Fintech". UCLA Law Review. 65 (1): 232.