Fintech, short for “financial technology,” refers to innovative technologies used in the financial industry. Examples include mobile payment apps, online banking platforms, robo-advisors, and digital stock brokerages, all designed to make financial services faster, easier, and more accessible.

Moore’s Law is a prediction made by Intel co-founder Gordon Moore in the 1960s, stating that the number of transistors on a computer chip would roughly double every two years. This trend held true for decades, driving rapid advancements in computing power, though in recent years the pace has slowed compared to earlier growth.

Quantum computing is a new approach to computing that applies the principles of quantum mechanics. Instead of using bits that represent 0 or 1, it uses quantum bits, or qubits, which can exist as both 0 and 1 at the same time (a state called superposition). This allows quantum computers to handle complex calculations far faster than traditional machines.

Open banking is a system where banks and financial institutions share consumer financial data with third-party providers through secure APIs (application programming interfaces). This can give customers access to more personalized services and competitive financial products, but it also raises concerns about data privacy and security.