Financial Technology | FrenlyPay

Financial technology, commonly referred to as fintech, is the integration of technology and finance to create innovative products and services that improve, automate, or disrupt traditional financial systems. With applications in mobile banking, online lending, digital payments, and blockchain-based infrastructure, fintech has become a significant sector in the financial industry. The sector comprises specialized startups, established technology companies, and traditional financial institutions that leverage digital frameworks to compete with or enhance existing financial services. The Financial Industry Regulatory Authority (FINRA) oversees the fintech sector.