The aim of this paper is to investigate the impact of digital technology on the relations between the financial sector and the real economy in EU. The IT revolution brought new factors that influenced the traditional banking market. Banks were forced to compete not only with other players from the banking sector but also with unregulated FinTech companies. Based on into two models using simple panel data regression and the interacted panel vector autoregression model this paper confirms the impact of FinTech on credit grow. Finally, based on the quantitative analysis this paper confirms that modern technology has had an impact on bank lending, especially on loans for households.