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FinTech, a combination of “Finance” and “Technology,” is a current hot-button word. Whether in relation to the recent stock market events that brought meme lovers and at-home day traders together to create waves on Wall Street or to companies revolutionizing the personal banking space, the word encapsulates a diverse and dynamic industry.
“FinTech” originally described the technology utilized by companies, business owners, and consumers to improve their management, operations, processes, and development. More recently, however, the shift from large brick-and-mortar financial institutions to more consumer-oriented online services has also broadened the definition to include several different industries, and FinTech now includes a variety of companies in spaces as seemingly dissimilar as education, food, investment banking, retail, real estate, insurance, and cryptocurrency.

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