2024, Vol. 7, Issue 2

author(s)
R Suresh and K Manoj

abstract
The financial technology (fintech) sector has emerged as a pivotal force in revolutionizing the global financial services landscape. With the advent of digital platforms, traditional financial processes have been transformed, enhancing accessibility, efficiency, and customer experience. This research paper explores how fintech is reshaping core areas of banking, payments, lending, and wealth management by leveraging technologies such as blockchain, artificial intelligence, and big data analytics. The study examines the disruptive impact of fintech on legacy financial institutions, the role of regulatory frameworks, and the challenges posed by cybersecurity threats. It also highlights how fintech is promoting financial inclusion by offering innovative solutions to underbanked populations. Through a comprehensive analysis of case studies and market trends, This paper aims to provide insights into the future trajectory of fintech and its implications for the global economy.