BusinessAugust 16, 2026

fintech

FIN-tek

Definition

Refers to technology-driven companies and innovations that provide or compete with traditional financial services.

Etymology

The word is a portmanteau created by combining the words 'financial' and 'technology'. It emerged in the late 20th century to describe the digitalization of banking and money management.

In the news

The article uses the term to describe a sector where Lithuania has expertise and where Bangladesh is actively seeking international investment to strengthen bilateral partnerships.

Muktadir urges Lithuania to invest in Bangladesh's ICT, fintech sectors

Read the full article ↗

The Business Standard

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