Financial technology or as we more commonly hear “Fintech” is innovation of new tools and products to automate the use and delivery of financial services. It is getting more popular day by day due to the need for easier and faster transactions in every area of life. This field has emerged in the 21st century with more focus on banks and financial institutions. However, as the years passed by, the focus has shifted to consumer meaning that new investments and innovations in this field are aimed at simplifying the process for consumers.