December 22, 2025
Fintech is growing fast. Here are 3 groups who are benefiting
This video is part of: Centre for Financial and Monetary Systems
Fintech is short for ‘financial tech’. Services that deliver money to clients digitally. These include phone banking, online investing and insurance and securing a business loan via an app. Across the industry, customer numbers are growing by more than 50%.
Fintech, short for financial technology, is experiencing rapid growth. This growth translates into benefits for several key demographics.
Greater financial inclusion for women and SMEs
Fintech offers a lifeline to underbanked groups:
- Women in remote areas: Easier loan applications, bypassing bias and travel burdens. Fintech companies even provide educational resources specifically tailored to women.
- SMEs: Fintech offers innovative credit scoring methods, solving the funding gap created by traditional banks' struggles to assess smaller businesses.
- Women entrepreneurs: Crowdfunding platforms empower them to raise capital directly, increasing their control and flexibility.
The future of fintech
While AI holds promise for the future, Zhang, from the CCAF, emphasizes the need for regulations and policies that can keep pace with the fast-changing nature of technology to manage risks like fraud and ensure consumer protection.
These regulations should adapt to the fast-paced nature of fintech without stifling innovation.
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