Fintech combines finance and technology to make financial activities more efficient and automate services. The growth of technology has led to a rapid expansion of the fintech ecosystem globally and nationally. Fintech uses digital platforms to innovate financial services, with mobile and digital banking playing a key role. The main goal of the study was to explore the impact of fintech on financial services, identify driving forces, and highlight challenges faced by Indian fintech firms. The researchers collected data from various sources and found that vibrant investment ecosystems, digital infrastructure, demographic factors, and government policies are major factors driving the fintech revolution.