Can fintech definitively replace traditional banks?

Try to remember the last time you happily went to a bank branch to handle routine matters. The way we think about money and work with it is changing rapidly. Traditional banks still represent stable and highly profitable pillars of the global financial system, but the rules of the game are increasingly being set by modern fintech platforms.

I realize that most of the population will not abandon these established institutions overnight just because of a more colorful icon on the display. In the world of money, caution prevails and major changes take years. Yet the long-term trend is clear to me and plays into the hands of modern fintechs. It's not just about a better user experience. It's about overall practicality, customer focus, and speed.

Our generation demands immediate access, minimal bureaucracy, and all services neatly under one roof. Fintech companies operate much more efficiently because they don't have to support an extensive network of brick-and-mortar branches and fight cumbersome corporate systems. This allows them to innovate at lightning speed and offer exactly what today's users want.

Personally, I hold only fintech companies from the financial sector in my portfolio, specifically Nu $NU and SoFi $SOFI . I don't own any traditional banks. It's not that they are bad investments – on the contrary, they are great and incredibly stable businesses. But I prefer to build my defensive positions on other sectors.

And how do you see it? Do you think established banking giants with a long history belong in a modern portfolio, or do you already prefer innovation?