With the continuous development of modern technology, modern information technology has become more and more widely used in banking business. Modern information technology is a double-edged sword for the banking industry, bringing new development space to the banking industry while also bringing it Here comes a new development challenge. In order to make the banking business continue to flourish and establish a banking business represented by computer technology and network information technology, it is necessary to rationally understand financial technology and maximize the positive role of financial technology to inject new impetus into the banking industry. The article first introduces the definition of financial technology; then elaborates on the current development of the banking industry; then combs the application of financial technology in the banking industry; and finally takes Centaline Bank as an example to explain how financial technology promotes the development of the banking industry.