Abstract
Financial technology has changed the whole concept and revolutionized the banking sector.Fintech has a significant impact on the banking sector by changing the ways in which banking sectors used to operate.As FinTech has enabled and meet the banking sector more accessible to people from all corners during the Covid-pandemic.Therefore, in the article author tried to study the various factors that promote financial technology and to investigate various other alternatives in the successful implementation of financial technology in the banking sector for the benefit of society.To create a good understanding of the application of financial technology in the banking sector and the transaction of banks from traditional to modern approaches a Descriptive Research Design is being used which can better help understand the significance of financial technology in the lives of people in the times of pandemic.Furthermore, a Constructivist Research Paradigm is being used in the study where the data is being collected from various primary sources in the banking industry that have implemented the tools and techniques of Financial Technology in their banking approach during the times of pandemic.Fintech has enabled banks to remain open and functioning despite the health and safety restrictions imposed by the pandemic.In the article various collaborations of Financial Technology with banking services have been described and discussed.The significance of digital banking especially in times of crisis like the pandemic and the effect and impact that it has made on the lights of customers have been highlighted.The article covers the important aspects of financial technology and its uses.