Financial Innovation

Business, Legal & Accounting Glossary

Definition: Financial Innovation


Financial Innovation


Full Definition of Financial Innovation


The creation of new technological advances in the financial products market. The implementation of an online banking system that allows a user to instantly transfer money from multiple accounts is considered an instance of financial innovation.


Cite Term


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Page URL
https://payrollheaven.com/define/financial-innovation/
Modern Language Association (MLA):
Financial Innovation. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 29, 2024 https://payrollheaven.com/define/financial-innovation/.
Chicago Manual of Style (CMS):
Financial Innovation. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/financial-innovation/ (accessed: March 29, 2024).
American Psychological Association (APA):
Financial Innovation. PayrollHeaven.com. Retrieved March 29, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/financial-innovation/

Definition Sources


Definitions for Financial Innovation are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.