This study examines the impact of fintech on India's financial landscape from 2021 to 2021. Using advanced regression techniques and accounting for various factors, the authors find a positive link between fintech and financial development, including improved access to loans and increased savings. They also highlight the potential of regtech in enhancing financial development. The findings stress the importance of balanced regulatory frameworks to foster fintech growth while managing risks. Additionally, they show how policy measures like interest rate liberalization can positively influence financial development. In conclusion, they propose a comprehensive policy framework to promote equitable fintech growth in developing nations.