Fintech, short for financial technology, refers to the use of technology to improve and automate financial services. This includes a wide range of applications, such as online banking, mobile payment systems, and investment platforms. By leveraging software and algorithms, fintech companies aim to make financial transactions faster, more efficient, and accessible to a broader audience. The rise of fintech has transformed traditional banking and finance, allowing consumers to manage their money through apps and digital platforms. Services like peer-to-peer lending and robo-advisors have emerged, providing alternatives to conventional financial institutions. Overall, fintech is reshaping how individuals and businesses interact with their finances.