The main impact that the Fintech industry has primarily lies on the elimination of traditional financial services that usually have a more complicated process, local approach, increased time, and extended administrations. There are two important aspects of Fintech’s effect on the general public, both of which are focused on the online world, and digitalization of business and commerce. FinTech takes credit card companies out of the equation when it comes to e-commerce and online shopping. Some FinTech companies offer short-term loans meant for purchasing. The process is much faster, and gives the opportunity for individuals with undesirable credit scores to secure a loan and establish the beginning of a credit history. Similarly, companies have targeted the subsphere that is the mortgage process by providing the same ease, speed, efficiency, and availability for people interested in a mortgage loan. Online loans with short-timed pre-approval letters and zero-interest promo periods give the opportunity for more people across different markets to engage with the industry.