Fintech is challenging banks and squeezing all our financial transactions onto a mobile screen! Should we be worried? We make payments via PayPal or Paytm, shop on Amazon or Flipkart, book accommodation on Airbnb or Oyo and call a cab using Uber or Ola apps. The big tech companies are taking care of all our finances virtually while new technologies such as artificial intelligence (AI), internet of things (IoT), blockchain, big data, 5G and quantum computing promise to raise a new storm in the future of finance. Fintech Future is the story of technology disrupting finance—from coin to bitcoin, banknote to cloud and stodgy old banks to AI—viewed from the perspective of whether it helps make the world a better place. Excerpt: Tech DNA is all about rapid change, scale or fail fast, break things or conquer the world, make mistakes in order to learn, open crowdsourced innovation, agile development with continuous improvement in products, a focus on making things easy, fast and intuitive and err on the side of speed rather than caution. Bank DNA, at least historically, has been about caution, being paranoid, doing experimentation only in walled off silos, don’t change things unless they need fixing, slow innovation and version changes to ensure continuity, being scared of being too fast rather than being too slow and so on. These are just representative attributes and by no means generalized. What it shows though is the stark difference in value systems, attitude to change and the future. In times of rapid innovation, younger and more mobile population, and the accelerating change in technologies, fintechs and bigtechs will provide stiff competition to banks, who may do well in crisis situations. But in a steady state of the world with no major crises, it does look like banks, while have significant advantages of being incumbent with huge customer base and trust, may see themselves running into massive challenges due to the changed world. On the other hand, tech players (fin or big) seem more suited to that world, and are in fact instrumental in changing customer preferences and may possibly gain fast.