FinTech, short for financial technology, refers to the innovative use of technology to enhance, streamline, and transform financial services and processes. It encompasses a wide range of applications, including mobile banking, payment processing, digital lending, investment platforms, and blockchain technology.
FinTech solutions are designed to make financial systems more accessible, secure, efficient, and user-friendly, often disrupting traditional banking and financial models. Businesses leverage FinTech to improve customer experiences, reduce operational costs, and solve complex financial challenges.
By integrating cutting-edge tools like artificial intelligence, data analytics, and cloud computing, FinTech continues to shape the future of finance.