The study examined financial technology as a panacea for the growth and development in the banking sector. Survey research design was employed and questionnaire was used as the research instrument. The population of the study consists of the staff in Guaranty Bank of Nigeria Plc in its Lagos headquarter office. Stratified random sampling method were adopted to pick and sampled two hundred (200) respondents among staff in Access Bank of Nigeria Plc in its Lagos headquarter office while one hundred and ninety five (195) were fully completed and returned. Simple percentage was employed to analyze the responses of the questionnaires while Pearson correlation statistics was used to test the hypotheses formulated. It was found that internet banking has significant effect on the growth and development in the banking sector, automated teller machines has significant effect on the growth and development in the banking sector and that point of sales has significant effect on the growth and development in the banking sector. It was recommended that there is urgent need for staff development in the Nigeria financial sector. Staff should take proactive steps to upskill their expertise to complement an age of automation since it is humans that would eventually control how fintech operates.