Which of the following is correct about the definition of fintech?

A$.$ Technology$-$enabled innovation in financial services associated with new business models, applications, processes or products, all of which have a material effect

B$.$ Technology$-$enabled innovation only in financial institution associated with new business models, applications, processes or products, all of which have a material effect

C$.$ Technology$-$enabled innovation only in financial institution associated with new business models, applications, processes or products, all of which have not a material effect

D$.$ Technology$-$enabled innovation only in financial institution associated with technology companies just to launch new product