Fintech is a combination of two words 'finance' and ‘technology’, which cite the use of freeware along with hardware toward catering fiscal solution in a faster, easier, and more secure manner. Fintech provides multi-dimensional ambit which was missing in the conventional financial business with the potential to change the financial supposition and actuality of the world. Digital transactions stake is major in India and helps in accelerating towards trillion economy target and all over world. The purpose of this probing is to provide a descriptive scanning of interactions between fintech firms as well as banks. This probing is based on a ‘Descriptive analysis’. Descriptive analysis execute by perilously outlining distinct journals, books, magazines and working papers from banking institutions. The outcome of this scanning depicts the importance of fintech in banking sector. The findings of the study can help us understand the importance in today era as well as forthcoming. Pay through phone, remittance, solicits and wealth management are some of the instruments of Fintech used by customers to link themselves with bank. Fintech chronicles, by providing facility that depend on robotics hence enhance the aspect of conventional banking utility.

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Keywords: Banks, Financial Technologies, Financial Services, Mobile Payments, Mobile Transfer.