Fintech, short for financial technology, refers to the integration of technology into offerings by financial services companies to improve their use of financial services. This includes innovations in areas such as mobile banking, digital payments, online lending, investment management, and cryptocurrencies. Fintech companies leverage technology to enhance customer experiences and streamline operations, making financial services more accessible, efficient, and user-friendly. The term encompasses a wide range of applications and platforms, from consumer-oriented services to backend processes that support banking and investment firms. By utilizing advanced technologies such as artificial intelligence, blockchain, and big data analytics, fintech aims to disrupt traditional financial markets and create new opportunities for users by providing services that are faster, cheaper, and easier to use.
The fintech revolution dismantles traditional barriers, reshaping financial access through technology. Mobile banking empowers individuals, even in remote areas, with access to deposits, transfers, and financial management via smartphones. AI-driven…
Africa's fintech sector is experiencing rapid growth, with over 11,000 tech startups and more than $1 billion in venture capital for fintech firms in 2024. Fintech is crucial in a…
The Latin American fintech sector faces challenges with a steep decline in venture capital, dropping from $7 billion in 2021 to $2.6 billion in 2024. Despite the downturn, there was…
FinTech LIVE Singapore on February 25, 2025, will unite major industry figures in a virtual event hosted on Brella. The event will feature discussions on crucial topics such as AI,…
Diverse entrepreneurs globally are transforming the fintech landscape with innovative solutions. Darragh Buckley founded Increase in Oregon, facilitating bank interactions with major payment networks. Benjamin Fernandes created Nala, a fintech…
Iyzico, a Turkish fintech giant, has acquired local payments provider Paynet for $87 million, enhancing its influence in Türkiye's digital payments sector. This acquisition, approved by the Turkish Competition Authority…
Upstart Holdings is experiencing a volatile yet promising rebound, with its stock doubling amidst ongoing net losses. Its innovative credit evaluation platform aims to revolutionize lending, challenging traditional credit risk…
Gurhan Kiziloz transitioned from fintech to online gaming, showcasing adaptability crucial in today's economy. He overcame challenges in fintech with Lanistar, now focusing on the online gaming sector with Nexus…
Pakistan's financial sector is undergoing a digital revolution, attracting foreign fintech investments. Halan Microfinance Bank is at the forefront, planning significant expansions in the region. The fintech landscape is supported…
SoFi Technologies offers a versatile financial platform, combining various services in one app, which enhances customer engagement. Intense competition in the fintech sector has increased customer acquisition costs for SoFi,…