In today’s Digital world financial services has become very important & integral part of our life. But along with this, financial inclusion is one of the biggest challenges that is being faced by all the countries in the world, with more than One Billion people still do not have the access to many financial products and services. Second major issue Banks/Financial Institute providing these services online have been facing is, various issues relating to online financial frauds & security of transaction as has been evident by numerous such incidences. This calls for very robust security software solutions. Third and most important issue faced by them is development & launching of new fintech products like Digital Retail and Corporate Banking, Digital Currencies, payment gateways, etc, on their existing old Core Banking Software, which is not inbuilt to support these services.