Make an essay about Fintech has disrupted the banking industry by introducing innovative solutions that are more convenient and user-friendly. For example, in digital payment like PayPal, Venmo, and Square, Apple Pay, with structure : 1. Introduction : Explain what the essay will talking about. 2. Disruptive Impact of Fintech: Fintech has disrupted the banking industry by introducing innovative solutions that are more convenient and user-friendly. For example, in digital payment like PayPal, Venmo, and Square, Apple Pay. 3. Before and After Situation:

- Before the advent of fintech, the banking industry was characterised by a few large institutions with a significant market share, high fees, and complex regulations.

- After : Fintech has made it possible for individuals and small businesses to access financial services that were previously only available to large institutions.

Strategies of Disruption:

- Fintech companies has been identifying and targeting underserved markets, focused on market segments that traditional banks, such as small businesses, millennials, and people with a limited credit history, should have noticed. Another strategy that fintech companies have employed is to leverage technology to offer faster and more convenient services.

- How they managed Network Effect, solved Chicken Egg-problem, and monetizing platform. .

4. Response Strategy of Incumbent vs Disruptors:

- For example, traditional banks have created mobile banking apps and online platforms Some banks have also acquired or partnered with fintech companies Fintech disruptors have generally focused on creating innovative solutions distinct from traditional banking services. 5. Ongoing Repercussions of Disruption on Stakeholders:

The ongoing impact of disruption fintech companies may be subject to a different level of regulation than traditional banks, which could expose customers to additional risk. 6. Social Responsibility:

Traditional banks have a social responsibility to protect their customers' assets and ensure their financial services are accessible. Similarly, fintech disruptors have a social obligation to provide secure, reliable services, and not expose customers to unnecessary risks.

Fintech companies can also take steps to address social and environmental concerns, such as offering services that promote financial inclusion or investing in sustainable technology. For example, some fintech companies provide microfinance services to underserved populations, while others have committed to using renewable energy. 7. Conclusion : Please make detailing the sections make it real world - present findings as input for your analysis