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Simply put, fintech is the answer to advances in information technology related to financial affairs. In the past, people who want to get financing services must always be in contact with banks that require special time. Now, not anymore. Simply by playing a finger on the gadget, one can get the same service in online transactions. In this journal Want to discuss more about what is fintech, understanding, and its benefits? Financial technology, often abbreviated as fintech, is technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. Many industries have developed using technology to enhance financial activities. The use of smartphones for mobile banking, investment services in various currencies is one example of technology that aims to make financial services more accessible to the general public. Companies that have used financial technology consist of startup companies and financial institutions as well as ordinary companies that are trying to replace or increase the use of financial services provided by existing financial companies. Looking at a more macro level, global investment in financial technology increased by more than 2,200% from $ 930 million in 2008 to more than $ 22 billion in 2015. The nascent financial technology industry in London has experienced rapid growth over the past few years, according to London Mayors office 40% of the City of Londons workforce is employed in financial and technology services. In Europe, $ 1.5 billion was invested in financial technology companies in 2014, with London-based companies receiving $ 539 million, Amsterdam-based companies $ 306 million, and Stockholm-based companies receiving $ 266 million in investments. After London, Stockholm is the second highest-funded city in Europe in the past 10 years. The European fintech deal reached a five-quarter high, up from 37 in the 4th quarter of 2015 to 47 in the 1st quarter of 2016. Lithuania began to become the center of northern Europe for financial technology companies since news in 2016 about the possibility of Britains exit from the European Union. Lithuania has issued 51 fintech licenses since 2016, 32 of them in 2017. It illustrates that the urgency of applying financial technology is fundamental and can have a very positive impact on the conditions of individuals, institutions or companies and even creates regularity and ease of access finance on a national and international scale.