Guide to the new language of tech and finance - Xtiva

"Six decades into the computer revolution, four decades since the invention of the microprocessor, and two decades into the rise of the modern Internet, all of the technology required to transform industries through software finally works and can be widely delivered at global scale." As we approach the end of the second decade of the 21st century, software and the technology it weaves together is well on the way to transforming virtually every aspect of financial services – from the products and tools we use to pay, save and invest, to the underlying business models of the financial system, and even to the very concept of money itself. A new terminology has arisen to capture the technological disruption that is underway in finance. A prime example is the term Fintech which, along with related neologisms such as Wealthtech, Insurtech, Paytech and Regtech, have emerged to represent not only the online discussion of disruptions and innovations in financial services, but also the new businesses embodying this digital transformation and the ecosystem/community in which they operate. While one can find references to Fintech dating back to 1972, common use and awareness of the term, measured by the volume of Google searches, began to take off around 2015.