FinTech
Financial Dictionary — Financial Technology
Definition
Financial Technology - The use of technology to deliver financial services and improve their delivery.
Detailed Explanation
FinTech refers to the application of technology to improve and automate the delivery of financial services.
Common Uses
- Used to explain the concept in accounting and business contexts.
- Used when training staff or documenting procedures and policies.
- Used when training staff or documenting procedures and policies.
Practical Example
- Example: Teams reference **FinTech** when defining terms in manuals, policies, or training materials.
Why This Term Matters
- Why it matters: Improves clarity and consistency across documentation and decision-making.