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What Is “Fintech”?

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What is “fintech”? Well, there’s the literal and easy answer: An industry that integrates finance and technology. But then there’s this question, What do we really mean by “fintech”? It has more than one answer—and the traditional financial services industry will surely have their answers, while fintech companies will have their own answers. What is universally true is that, in the 21st century, fintech has represented a revolution within the financial industry. And within any definition of fintech, a broad range of fintech sectors, subsectors and businesses will fall under it.

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