FinTech or Financial Technology risk is a problem to the traditional financial industry. Why?

1.Fintech protections like blockchain technology protect only one party in an online transaction, thereby exposing the others to fraud.

2.FinTech discourages real-time consumer to consumer transactions.

3.Fintech can deliver solutions and services in a far more efficient manner and across many more online platforms.

4.FinTech could improve customer interactions with an institution.