The article discusses the modern understanding of the financial market concept, focusing on how financial technologies are changing its functioning. It categorizes the term "financial market" into three perspectives: distribution of financial resources, economic relations system, and markets and institutions. The financial services market is seen as part of the financial market, with both sharing financial intermediaries but having different objects. Financial instruments are created through the provision of financial services. The financial market's main function is to redistribute financial resources in the economy, creating financial assets and liabilities. Fintech's impact on the financial market is highlighted, emphasizing the role of financial institutions in facilitating transactions with financial instruments. The purpose of the financial market is to transfer financial resources, assess risks, and absorb shocks at different levels.