Financial technology, or fintech, offers substitutes for traditional banking and non-banking finance services. A new idea in the financial sector is fintech. This paper's primary goal is to examine the opportunities and difficulties facing the fintech sector. It clarifies the development of the fintech sector and current fintech (financial technology) in the Indian banking industry. Fintech makes transactions more secure for users by digitizing them. The advantages of fintech services include lower operating expenses and user-friendliness. India has the world's fastest-growing fintech services market. The Indian finance sector's attitudes and behavior will shift as a result of fintech offerings. Fintech describes the innovative procedures and goods that are made available for financial services as a result of developments in digital technology. Fintech refers to financial innovation that is made possible by technology and results in new business models, applications, procedures, or products that have a significant impact on financial services, institutions, and markets.