What is financial tech?

Financial Tech, commonly known as FinTech, refers to the integration of technology into offerings by financial services companies to improve their use and delivery to consumers. This sector encompasses a wide range of applications, such as mobile banking, online payments, blockchain technology, and robo-advisors. FinTech companies aim to make financial services more accessible, efficient, and user-friendly. The industry is rapidly evolving, driven by innovations that challenge traditional banking and finance models.