what is fintech
Financial technology, also known as FinTech, is a line of business based on using software to provide financial services. Financial technology companies are generally startups founded with the purpose of disrupting incumbent financial systems and corporations that rely less on software.Global investment in financial technology more than tripled to $4 billion in 2013 from $930 million in 2008.The nascent financial technology industry has seen rapid growth over the last few years, according to the office of the Mayor of London.orty percent of London's workforce is employed in financial and technology services. Some of the better-known FinTech companies in London include FundingCircle, Nutmeg and TransferWise.