There is almost zero legitimate reason for the entire "fintech" space to exist at all.

First and second order financial service derivatives are acceptable, and add real utility/value to the economy - things like basic banking and lending services, properly regulated stocks/bonds, even options/futures trading to a lesser extent.

Past that, it's pretty much just corporations leeching money from the real economy, producing nothing of value and creating mass systemic risks. It's the same kind of shit that gave us the 2008 crisis.

The worst part is that the same kinds of people who push fintech have successfully convinced a ton of people to get mad at the wrong targets, and to support the worst form of fintech yet (cryptocurrencies).