The Growing Influence of Fintech on Banking

Fintech continues to disrupt traditional banking by offering faster, cheaper, and more user‑friendly financial services. From digital wallets to automated lending platforms, technology is reshaping how consumers manage money. Banks are responding by investing heavily in digital transformation and forming partnerships with fintech startups. This shift increases competition, improves transparency, and expands financial inclusion. However, it also raises regulatory and cybersecurity concerns. As digital finance evolves, understanding the balance between innovation and risk becomes essential for both consumers and investors.

Source: https://www.brookings.edu