The way we handle money and financial services has undergone a significant transformation due to Financial Technology, or Fintech. Fintech has introduced a host of new ideas and approaches, disrupting the traditional financial landscape. This research paper explores how Fintech is reshaping the financial world and how traditional banks and financial institutions are adapting to these changes. We will investigate several key areas: first, the extent of Fintech adoption and public perception. We'll explore questions such as how aware people are of Fintech and whether they have used its services. Additionally, we will conduct interviews with experts to gather their insights on Fintech, including the challenges it poses to traditional banks and their predictions for its future. Our methodology involves a combination of quantitative and qualitative approaches. We'll use surveys to gather data on Fintech usage and public sentiment. In-depth interviews with experts will provide detailed insights into how Fintech is impacting various aspects of finance, such as the stock market, financial regulations, and consumer behavior. Our research aims to answer several critical questions: to what extent is Fintech transforming the traditional banking sector? What challenges are traditional banks facing due to these changes? What are the benefits and drawbacks of Fintech innovations? Additionally, we are interested in how Fintech can enhance financial inclusion and promote economic growth. We hope our research will contribute valuable insights to the ongoing discussions about Fintech, aiding policymakers, financial industry professionals, and other researchers in understanding its implications. By delving into the disruptive impact of Fintech, we aim to inform smart decision-making that fosters a fairer and more robust financial system in today's digital era. Our paper will also delve into the origins and growth of Fintech, examining its potential impact on financial stability. First, we will address why Fintech is emerging now, despite the technologies supporting it not being new. We will analyze the supply and demand factors driving traditional financial innovation and how these factors have converged to fuel a surge in innovation. Secondly, we will explore why Fintech is attracting more attention than traditional financial innovations. This is linked to the 'depth' of innovation-a concept we introduce-which refers to the transformative potential of an innovation. Fintech innovations often represent deep innovations with a greater potential to transform financial services. This greater transformative potential can also lead to a higher likelihood of impacting financial stability. By investigating these aspects, our paper aims to comprehensively understand Fintech's role in the financial sector and its broader implications