What is FinTech and why should you care?

by Startacus Admin
What is FinTech and why should you care?
Sadly not technological innovations specifically designed for marine vertebrates…
No, FinTech, is yet another little ‘hashtag’ style linguistic contraction to have come about alongside the digital business / startup age.
Quite simply it means ‘Financial Technology’, but because of the incredible explosion of technological innovations associated with money and financial services, this simple term has come to take on a significance which few could have ever imagined.
Yes, the business, banking, technology, investment and startup worlds are all abuzz with one inconspicuous little word ‘FinTech’.
If your business / startup / area of intrigue is not specifically embedded in finance and its related technologies, then the ‘FinTech’ craze is probably passing you by. And why not?
Surely such things are of no concern to yours?
Quite wrong. Here’s Why.
From the CEO of a major international bank, to the greengrocer down the road, FinTech is important, and in the coming years will likely have a major impact on the way we run our businesses on both a day-to-day, and long term basis.
We recently attended a FinTech conference in Belfast, during which Michael Dooijes, Head of innovations at Rabobank rather boldly asserted that certain new FinTech startups, could have the power to take on the dominance of the traditional banking sector.
Strong words, but ones that are well within the realm of possibility given that the technologies associated with financial services and banking are developing at a faster and more radical rate than perhaps at any time in history; certainly since the introduction of paper currency in the 13th Century.
What’s interesting for you lot, as startups and SMEs is the possible benefits that all of these financial innovations and technological developments might hold.
Specifically some of the most radical alterations seen in recent years has been regarding how we both buy and sell goods and services; on the whole the process has become much more immediate, intuitive, flexible, and accessible. But also the way in which startups and small businesses access finance has altered to a remarkable extent in the past few years with FinTech solutions creating a wide range of alternative finance options!
Benefits and Risks
Crucially, as these FinTech innovations come along, they bring with them a whole range of revenue boosting and time saving opportunities for businesses, but with that comes the risk that if you don't manage to stay as close to the cutting edge as possible, you are in danger of slumping behind your more trend savvy competitors.
A great many businesses will live and die by the way that they adapt to and exploit these new technologies, with those failing to evolve and adapt, eventually finding themselves at the thin end of a very large wedge.
Too stay up to date with all of the latest FinTech news, we suggest you keep an eye on these platforms, and resources.
Business Insider , Tech Crunch , FinTech Financial News, Forbes , Financial Times , & The Guardian Business News
If you like to keep on top of all the latest technology / business jargon, you might like to take a look at some of these recent posts;
What is MadTech?
A / B Testing Explained.
25 Startup Terms You Need to Understand.
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Tech Nation calls for tangible support to secure capital, talent, growth and exits needed to accelerate the growth of UK tech in decade ahead.

Glasgow-based This is Milk seeks investment for Neve Learning, its cloud-based Ed-Tech platform that has inclusivity and accessibility at its core.

With the UK facing a clear digital skills gap, Amy Caton, Digital Talent and Impact Senior Manager at BT Group shares some insights on what businesses should do to close that divide.

The lowdown on Berlin-based Beazy and its innovative solution that helps teams to plan, produce and deliver creative content and helps businesses to connect with talented content creators.

The lowdown on Fluffy, the app offering dog training, 24/7 vet messaging and insurance to give pet owners peace of mind and support them with their pet care responsibilities.

Huckletree's new Web3 HQ aims to put London’s West End at the forefront of Britain’s tech superpower ambitions.

Leading sports marketing platform, OpenSponsorship announces move into music sector, the first new vertical industry for the trans-Atlantic martech business.

Kingussie High School scoops first place for Junior and Senior categories at this year’s Growing Future Assets Competition.

The lowdown on Manchester-based Arctic Shores and its innovative recruitment solution to help candidate potential count as much as skills and experience.

With the demand for tattoo removal now greater than ever, specialist NAAMA Studios makes a bid for a further £11m in funding.
Published on: 29th July 2015
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.







- Tech Nation report reveals UK Tech could quadruple in value by 2032 with right conditions 23rd Mar 2023 Tech Nation calls for tangible support to secure capital, talent, growth and exits needed to accelerate the growth of UK tech in decade ahead.
- Neurodiverse learning and training platform Neve shares major six-figure investment opportunity 22nd Mar 2023 Glasgow-based This is Milk seeks investment for Neve Learning, its cloud-based Ed-Tech platform that has inclusivity and accessibility at its core.
- Huckletree opens new London hub for tech companies pioneering Web3 solutions 16th Mar 2023 Huckletree's new Web3 HQ aims to put London’s West End at the forefront of Britain’s tech superpower ambitions.
- OpenSponsorship making its move into the music sector 16th Mar 2023 Leading sports marketing platform, OpenSponsorship announces move into music sector, the first new vertical industry for the trans-Atlantic martech business.