How to Answer: Explain what the term fintech means.
Advice and answer examples written specifically for a Fintech job interview.
10. Explain what the term fintech means.
How to Answer
The fintech field has exploded in more recent years since the revolutions of the internet and smartphones, yet some still don't understand what the general term 'fintech' really means. Since you're applying for a job in this field, the interviewer wants to be certain you can define the term and that you fully understand the field you'll be working in.
Written by Marcie Wilmot on April 12th, 2021
Answer Example
"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."
Written by Marcie Wilmot on April 12th, 2021