What even is Fintech? This is a question I have asked myself a lot in the past.

It turns out it is just Financial Technology and it is something that has been around for decades and the Financial Services Technology Consortium was established back in 1993 by Citicorp.

It covers all aspects of financial technology, many things you have been using for years such as PayPal, and online payments and online banking.

In recent years it has become a term used frequently thanks to a new generation of digital, mobile-only banks such as Monzo and Starling, as well as cryptocurrency such as Bitcoin. Then you have the oft used term Blockchain which promises to be the next greatest thing in tech but no normal person really understands it.

Carsurance has put together a nice infographic showing how Fintech started way back in 1918 to the modern era including all the other aspects of Fintech such as major players and where Fintech has disrupted markets.