Fintech is revolutionising the banking and financial industry through enhancing digital payments, lending, wealth management, and cybersecurity via AI, blockchain, and cloud computing. Traditional banks are adapting to Fintech within the banking industry, to enhance performance and consumer enjoyment. The rise of Open Banking, Robo-Registrar, and Decentralized Finance (DEFI) is changing financial services. However, challenges such as regulatory compliance and cyber security risk remain. The opposition between Fintech vs. Banks keeps pushing financial establishments to modernise. Fintech and banking will evolve as the era advances, ensuring faster, more secure, and more available monetary solutions are available internationally for consumers.