I would like to conduct research on this topic to highlight and breakdown the finance industry tracing back to traditional banking methods to the newly innovated financial technology industry. The Thesis focuses mainly on the revolution of Financial Technology and Financial services over the years. With an emphasis on Open banking and it's limitations. It also highlights and breaks down the finance industry, tracing back to traditional banking methods to the newly innovated financial technology industry. The financial services sector is extraordinarily challenging to navigate, but in recent years, it has begun undergoing transformations, and these transformations are ongoing. This thesis in essence investigates and documents those ongoing transformations and advancements brought about as the result of the revolutionary FinTech Industry.