this article mainly depicted the competition between banks and fintech. Though fintech has greatly shaken up the online payments of banking, banks are still remarkably unscathed by this technology-driven disruption. To transform this landscape, regulators are due to implement the PSD2, enabling one-click bank transfer and forcing banks to share customer transaction data. However, banks block this with the concern of security and liability about fintech for fear of being left in a weaker position. In the future, whether via cooperation or confrontation is the question.