You’ve heard it at conferences, in meetings and maybe even bandied about at dinner parties. Ever since a wave of financial technology startups emerged after the 2008 subprime mortgage crack-up, "fintech" has become shorthand for a digital revolution that could sweep away antiquated banking practices. But its definition has become so elastic that it’s hard to know precisely what it is, let alone what it augurs for a global financial industry in dire need of innovation. We at OGC see it as on the one hand companies replacing the Financial Sector and on the other hand companies selling software to the Financial Sector, but not exclusively. This as the Financial Sector is the largest buyer of software in the world with USD 800 Bn spend per year.