The modern economy has a lot of new wheels which turn the fortune of the contemporary era. Financial technology is no doubt one of those. The new cashless economy is based on these digital financial services. This study resembles the overall ecosystem, challenges, and prospects of fintech in Bangladesh. Recently financial institutions, especially banks, have become more dependent on these hi-tech services. For the study, the data has been collected by questionnaire survey using ranked method of analysis using SPSS, in which IT-related people has been surveyed. The study reveals that these technologies will be helpful not only for the users but also for the business growth and diversification of services. The prospects are enormous as due to globalization, international transactions have increased, and people are moving towards virtual transactions. The study outlines the features of fintech that is prevalent in Bangladesh and describes the barriers that creates obstacles towards the growth of the financial technological industry.
