Explain what the term fintech means.

"Fintech is an abbreviated way to say 'financial technology,' and it refers to technology that delivers financial services through software. Basically, fintech strives to help consumers and companies manage and streamline their financial operations and processes via computer and smartphone algorithms and software programs. There are so many branches of fintech, including online banking, mobile payment apps, and cryptocurrency, and it's used in many different sectors and industries like insurance, banking, lending, financial compliance, and wealth management, among others. I'm motivated to get into this field because I am passionate both about finance and technology. I think it'll be an exciting and innovative field to work in, and I know I have the academic background and skills to excel."