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@article{174635,
        author = {Dr. Puja Kaushik},
        title = {Fintech Trends and how it is shaping the future},
        journal = {International Journal of Innovative Research in Technology},
        year = {2025},
        volume = {11},
        number = {11},
        pages = {3265-3276},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=174635},
        abstract = {New technology that aims to enhance and automate the provision and utilization of financial services is referred to as financial technology, or fintech.  Basically, fintech is used to help consumers, businesses, and business owners better manage their financial life, operations, and procedures.  It is made up of specific algorithms and software that are utilized by cellphones and PCs.  The term "fintech" is a condensed form of "financial technology."  Two characteristics of the current financial technology (or "FinTech") revolution set it apart from earlier periods of innovation: (1) consumers can now access financial data and apps more easily through smartphones connected to high-speed networks; and (2) businesses can take advantage of significantly reduced costs, enhanced performance, and more options for data storage, computation, and application development. Fintech provides alternatives to non-banking finance services and traditional banking.  Fintech is a novel concept in the financial industry.  Fintech provides users with safer digital transactions.  Friendly users and lower operating costs are two benefits of fintech services.  India has seen a lot of changes as a result of digitization.  Financial intermediaries are the result of economic dynamics like economies of scale and scope as well as economic frictions like information asymmetries.  Market structure is likewise shaped by these forces and frictions.  Although technological advancements are not new to the banking industry, digital innovation has significantly improved system connection, computing power and cost, and useful and newly created data.  As a result of these advancements, transaction costs have decreased, and new competitors and business models have emerged. The manufacturing of financial services could be broken down because technology has lowered transaction costs and boosted information interchange.  Financial services' digital transition raises a number of significant policy concerns including equitable playing fields, competition, and regulatory boundaries.  A "barbell" result with a few major suppliers and several specialized businesses is one possible outcome in terms of competitiveness, concentration, and market composition. Simply said, fintech is the use of technology to provide banking and financial services to both consumer and business clients. India is home to one of the top three fintech companies worldwide, making it one of the industries with the quickest rates of growth in both established and developing nations. Among the most popular technologies used by fintech companies to supply products include blockchain, cryptocurrency, artificial intelligence, data analytics, machine learning, big data, robotics, and cloud computing. Telecom service providers' establishment of domestic and international broadband connectivity made the foundational infrastructure required for fintech expansion available. Barclays Bank's 1967 installation of the first ATM was one of the first fintech developments.},
        keywords = {},
        month = {April},
        }