To Study Of Impact Of Financial Technology On Banking Sector In india
Author(s):
Om Chaubey, Palak yadav, PROF. SATYAJITSINH GOHIL
Keywords:
Fintech, Banking sector, India, Financial services, payment and transaction, Blockchain, E-banking, Net banking
Abstract
The rise of Financial Technology (FinTech) has transformed the worldwide financial services business, particularly the banking sector in India, one of the world's fastest-growing economies. This paper provides a thorough evaluation of FinTech's impact on Indian banking, including implications and consequences. FinTech refers to modern technology that improves existing financial techniques, making them more accessible to the public. Indian banks are aggressively collaborating with FinTech firms to modernize services, but they confront hurdles in keeping up with technology. FinTech improves financial processes, promotes digital finance, and boosts economic growth by expanding access to financial services. The study investigates how FinTech applications—such as blockchain, e-wallets, biometric sensors, smart chips, online transactions, artificial intelligence, and mobile banking—are changing the way that banks conduct business. The FinTech business is growing as traditional banks work with them, and this will have an impact on financial services in India and globally in the future.
Article Details
Unique Paper ID: 163276

Publication Volume & Issue: Volume 10, Issue 11

Page(s): 1212 - 1218
Article Preview & Download


Share This Article

Join our RMS



Conference Alert

NCSEM 2024

National Conference on Sustainable Engineering and Management - 2024

Last Date: 15th March 2024

Latest Publication

Call For Paper

Volume 11 Issue 1

Last Date for paper submitting for Latest Issue is 25 June 2024

About Us

IJIRT.org enables door in research by providing high quality research articles in open access market.

Send us any query related to your research on editor@ijirt.org

Social Media

Google Verified Reviews

Contact Details

Telephone:6351679790
Email: editor@ijirt.org
Website: ijirt.org

Policies

Important Links

Browse Rsearch papers