Fintech, short for financial technology, refers to the use of technology to improve and automate the delivery and use of financial services. It encompasses a broad range of technologies and applications that are changing the way we manage our money. Here’s a breakdown of the definition:

Financial: Fintech is all about finance, which includes managing money, making payments, and investing.
Technology: Fintech leverages technology like software, algorithms, and mobile apps to deliver these financial services.
Improve and Automate: The core goal of fintech is to make financial services better. This can mean making them faster, easier, cheaper, more secure, or more accessible. Automation is a key part of this, as technology can handle many tasks that were previously done manually.
Overall, fintech is about using technology to make financial services work better for everyone.

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