“TradFi" is a term that refers to traditional finance. It is used to distinguish traditional financial institutions and practices from those in the fintech space. TradFi represents the established systems, institutions, and practices that have been in place for a long time, such as traditional banks, insurance companies, and investment firms. These entities typically operate using conventional processes and infrastructure.

In contrast, fintech (financial + technology) has emerged as a disruptive force, introducing innovative technologies and approaches to provide financial services. Fintech companies often leverage digital platforms, mobile apps, and advanced analytics to offer more efficient and user-friendly financial solutions.

The term TradFi is sometimes used to highlight the differences between the traditional and more innovative approaches in the financial industry. It recognizes the need for traditional institutions to adapt and evolve in response to the changing landscape driven by fintech advancements.

Essentially, TradFi refers to the established financial industry, while fintech represents the newer technological innovations and advancements in the financial sector.

https://www.dbm.academy/faq for more blockchain vocabulary.

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