Glossary

ProgrammableWeb's glossary of API and other technology terms and defination
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Fintech

Fintech is a compound word for financial technology. Fintech describes the innovative technologies emerging in the financial sector. Budget planning applications, online-based banks, loan services, cryptocurrency, stock trading platforms, account aggregation dashboards, and other monetary-centric services fall under the fintech category. Compared to traditional brick and mortar fiscal services, fintech services tend to streamline the user experience with finely-tuned digital services. Fintechs may also seek to extend existing financial services and banks. For example, with the rise of open banking, many fintechs seek to integrate with banking APIs to retrieve third party customer account balances, purchase histories, and other pertinent financial information.