Dictionary

wealthtech en · NOUN

Pronunciation

• /ˈwɛɫθtɛk/
• (Southern-England) audio

Etymology

Clipping of wealth technology, or blend of wealth + tech, probably modelled on fintech.

Meanings

1. (countable, uncountable) A fintech designed to facilitate wealth management.
   • FinTech is the use of technological advances such as access to mobiles and the internet, cloud computing and artificial intelligence to offer a range of financial services online or via mobile phones. These services include digital payments (such as mobile money) and savings products, InsurTech and WealthTech (such as robo-advisors), digital lending through digital marketplaces, capital raising through crowdfunding, and market provisioning services such as digital identities and alternative credit scoring (Cambridge Centre for Alternative Finance (CCAF) et al., 2020). 2021 January 1, Claudio Cali, Laura Wollny, Arthur Minsat, Elisa Saint Martin, “4. Digital Financial Services”, in FINANCE IN AFRICA: for green, smart and inclusive private sector development, European Investment Bank, page 87:

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