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To Study Of Impact Of Financial Technology On Banking Sector In india

  • Unique Paper ID: 163276
  • Volume: 10
  • Issue: 11
  • PageNo: 1212-1218
  • 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.
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Cite This Article

  • ISSN: 2349-6002
  • Volume: 10
  • Issue: 11
  • PageNo: 1212-1218

To Study Of Impact Of Financial Technology On Banking Sector In india

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