What does fintech mean?

Defining financial technology What is fintech? Fintech is a blending of the words financial and technology and refers to emerging technology that improves the delivery and use of financial services.

How do fintech companies improve financial services?

Fintech companies integrate new and emerging technologies into financial services to enhance and automate these services for businesses and consumers. By modernizing traditional financial offerings through technology, fintech companies help their customers improve access, streamline operations and manage costs for a wide range of financial matters.

How do fintech ecosystems democratise the financial services sector?

Fintech ecosystems democratise the financial services sector by allowing more people a voice in its development. In turn, this democratisation can help drive innovation and inclusion in the sector, which can positively impact economic growth.

What is ey fintech?

The aim is to bring the best of EY teams to FinTech firms and the best of FinTech to the wider financial services market. FinTechs are essential to the future of an innovative and thriving financial services sector.