How Fintech and Web 3.0 are Creating New Opportunities and Challenges for the Financial Services Industry — The financial services industry is undergoing a massive transformation, thanks to the emergence of fintech and Web 3.0 technologies. Fintech, or financial technology, refers to the use of technologies to provide financial services and products that are more efficient, accessible, and customer-centric. Web 3.0, or the decentralized web, refers to the use of technologies such as blockchain, smart contracts, and cryptocurrencies to create a more open, transparent, and democratic internet.