Financial Technology (FinTech)
B2B
a business that markets its products or services to other businesses.
Zelle
a company that allows for money to be transferred safely and easily between friends, family, coworkers
Lending Club
a company that creates a market place connecting borrowers and lenders
Tala
a company that offers digital financial services to help the traditionally underbanked borrow, save and grow their money
Robinhood
a company that offers mobile-first brokerage experience for customers
Kabbage
a company that offers small business loans to help customers get working capital
Affirm
a company that seeks to cut credit card companies out of the online shopping process by offering a way for consumers to secure immediate, short-term loans for purchases
Better Mortgage
a company that seeks to streamline the home mortgage process with a digital-only offering
Betterment
a company that uses robo-advisor technology to recommend a portfolio and automate the investment process
unicorn
a term used in the venture capital industry to describe a privately held startup company with a value of over $1 billion
NBFCs
entities or institutions that provide certain bank-like and financial services but do not hold a banking license, and thus are unregulated by financial and state regulators
guaranteed loan
3rd party guarantees to pay loan if borrower is unable to
Cryto-currency
A digital cash system that uses cryptography to secure the exchange financial transactions.
Blockchain
A digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronologically and publicly
FICO score
Credit score from 300-850 that rates how likely a person is to fall 90 days behind in a payment.
Robo-Advisor
digital platforms that provide automated, algorithmic investment services with minimal human supervision
stockbroker
an agent or firm that charges a fee or commission for executing buy and sell orders for an investor
neobank
an institution that provides checking, a prepaid debit card and some form of savings account without the traditional brick-and-mortar building
venture capital
money provided by large investors to finance new products and new businesses that have a good chance to be very profitable
Peer-to-peer (P2P) lending
providing loans to individuals or businesses through online services that match lenders with borrowers
Market Capitalization
refers to how much a company is worth as determined by the stock market and is defined as the total market value of all outstanding shares
FinTech (Financial Technology)
refers to new tech that seeks to improve and automate the delivery and use of financial services
Bitcoin
the most popular and fastest-growing digital currency created in 2009
B2C
the process in which businesses sell to consumers
artificial intelligence (AI)
the science of designing and programming computer systems to do intelligent things and to stimulate human thought processes such as intuitive reasoning, learning, and understanding language
default
when a borrower fails to repay a portion or all of a debt