Disrupt the Disruptors to Strengthen Your Community

Fintech, or financial technology. For as long as I can remember, the term has referred to the technology, provided by companies large and small, that enables credit unions and other financial organizations to do what they do. That’s probably also your definition. If so, here comes a curveball.

We need look no further than Wikipedia, that bastion of sometimes ill-informed consensus-think. If you look up fintech on Wikipedia, you’ll find this bold and perhaps puzzling definition: “A line of business based on using software to provide financial services. Financial technology companies are generally startups founded with the purpose of disrupting incumbent financial systems and corporations that rely less on software.”