Financial Technology, also known as FinTech, is the evolving intersection of technologies and financial services where technology plays a crucial role in improving and automating the delivery of financial services. Turning to Wikipedia, which reviewed more than 200 scientific papers, FinTech is defined as a “new financial industry that applies technology to improve financial activities.” At MEDICI, we have been tracking FinTech since 2013 on an ongoing basis. MEDICI was one of the earliest to lay down the comprehensive taxonomy for FinTech, which we will discuss later in this article.
