Fintech, short for financial technology, describes any way the financial industry can leverage technology to accomplish traditional financial tasks, generally making them cheaper, more convenient, and faster as a result. This term necessarily encompasses a wide range of tasks and products that can include anything from mobile payments and online banking to accounting software and cryptocurrencies. As fintech applications gain in popularity they are essentially democratizing financial services, making it easier than ever before for the world's unbanked and underbanked to gain access to these services.
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