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Abstract
The term Fintech might be a new terminology for most of the common people. Until, 2015 it
was a buzz word even in the business world too. To be simple, Fintech is the mixture of
Finance and technology in the most modern way serving its stakeholders in many ways. The
whole financial sector gets reinvented with the help of technology is what a Fintech means.
The rise in the Fintech technology across the globe is significantly evident. The driving force
of development of the Fintech technology was because of the conversion from the closed
traditional banking system to the open banking regulations across the globe and the
development of the non – financial sectors has led the path towards the development of
Fintech technology in India.