Slowdown in FinTech Sector Deals in 2023
A slowdown in financial technology sector deal flow is lingering, with a wait-and-see sentiment extending into the second half of the year
FinTech – financial technology – is the term used to describe any technology that delivers financial services through software, such as online banking, mobile payment apps or even cryptocurrency.
Fintech is used to describe new tech that seeks to improve and automate the delivery and use of financial services. At its core, fintech is utilized to help companies, business owners, and consumers better manage their financial operations, processes, and lives by utilizing specialized software and algorithms that are used on computers and, increasingly, smartphones.