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

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Om Chaubey; Palak yadav; PROF. SATYAJITSINH GOHIL

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

Authors: Om Chaubey, Palak yadav, PROF. SATYAJITSINH GOHIL

Unique Paper ID: 163276
Volume: 10
Issue: 11
PageNo: 1212-1218

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 applicationsâ€”such as blockchain, e-wallets, biometric sensors, smart chips, online transactions, artificial intelligence, and mobile bankingâ€”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

Available:https://ijirt.org/article?manuscript=163276

Impact Factor
8.01 (Year 2024)

UGC Approved
Journal no 47859

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