The biggest concern of any Fintech company is to prevent fraud and ensure safety. Several companies are unable to do so. Most companies rely on other companies to prevent fraud from happening on their company. This sometimes doesn’t work out well as there are several frauds still occurring in todays world. A Fintech startup, PromisePay, has tried to solve this issue. Their service ‘enables payments to be held in escrow, so a customer can pay for a service online, with the funds only released once it has been satisfactorily completed.’ They are doing this with online market places. There main aim is to prevent fraud and building trust between customers and online services. This model in Fintech could prove to be very useful. Several online platforms could benefit from this as this reduces the risk of frauds as they only payout the sum once the transaction between the users has been completely finished. Innovations in Fintech which are making online services more secure and efficient are paving a way for customers to increase their use of Fintech as security of use of Fintech is growing.