No, fintech is not the code name for the joint research and development capabilities of Finland based Nokia and France’s Alcatel-Lucent. And for those who are troubled by the idea of being unaware of the latest buzzword, the term is not actually all that new. Blending the words financial and technology, fintech has been around for years as a descriptor of bland, back office information technology solutions provided to firms in the financial industry. As of late, however, the term is buzzing with redefinitions, and startups all over the planet appear bent to hire backend developers for fintech projects. One cuddly definition of fintech ventures is that “they build and implement technology which is used to make financial markets and systems more efficient.” According to its authors at the student-led fintech club at the Wharton Business School in the United States, this entails companies in areas ranging from crowdfunding and peer-to-peer
