What does "fintech" refer to in the technology industry? 🔊
"Fintech" refers to the intersection of finance and technology, aiming to improve and automate the delivery of financial services. This sector encompasses a wide range of innovations, including online banking, mobile payment systems, and investment platforms. Fintech companies leverage advanced technologies like blockchain and artificial intelligence to enhance user experiences, streamline processes, and increase accessibility to financial health information. The rapid growth of fintech has disrupted traditional banking models, leading to more competitive options for consumers.
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