| Summary: | Information technology is a driving innovation in the financial industry now. Fintech is a disruptive innovation capable of changing traditional financial markets. Although the fintech has been widely discussed, there is a lack of consensus on the definition of the term in the scientific literature. This article investigates the concept of fintech, discusses the emergence and development of fintech sector, and points out new routes and trends in the field of study. This research focuses on the next generation technologies impact on fintech, key drivers and challenges in the global fintech industry. The research represents the current most sensitive aspects also linked to the more global theme of digital transformation. Finally, subject related to the fintech infrastructure in Russia is performed. From practical aspect, this paper is also a direction for companies to help them find out promising technology in fintech. The paper can inspire future research on fintech and its application in the business world.
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