The emergence of financial technology (fintech) has markedly altered the investment management landscape. Key advancements, including the application of Big Data, artificial intelligence (AI), and machine learning (ML), are utilized to evaluate investment opportunities, optimize portfolios, and mitigate risks. These innovations impact not only quantitative asset managers but also fundamental asset managers, who increasingly adopt hybrid investment decision-making processes that incorporate these tools. The influence of fintech extends beyond transforming the financial landscape; it poses challenges to traditional banks, necessitating that these institutions adapt or risk obsolescence. The diverse array of services offered by fintech encompasses payments, wealth management, data analytics, and investment banking. To remain competitive in the contemporary market, banks must embrace the fintech revolution, thereby capitalizing on emergent growth opportunities and maintaining a strategic advantage.