How has the rise of fintech changed traditional banking in 2024?.

The rise of fintech has reshaped traditional banking by introducing innovative technologies that enhance customer experience and streamline operations. Banks now compete with agile fintech companies offering services such as mobile payments, personal finance management, and blockchain solutions. This shift has resulted in increased efficiency, lower fees, and improved accessibility for consumers. As fintech continues to grow, traditional banks are adapting by investing in technology and forming partnerships with fintech firms.