Short for “Financial Technology” has been around for a lot longer than one might think. While the term itself is relatively new, fintech played a key role in ways most people take for granted. In the 1950s, credit cards eased the burden of carrying cash, in the 1960s, ATM machines replaced bank branches. Electronic stock trading began in the 1970s, and in the 1990s the internet and ecommerce business models flourished. Now, retail financial services are being further digitized via mobile wallets and robo advisors. These services are not simple enhancements but rather replacing bank services completely.