
International Journal For Multidisciplinary Research
E-ISSN: 2582-2160
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Impact Factor: 9.24
A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal
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Volume 7 Issue 3
May-June 2025
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FinTech and Transformation of the Financial Industry
Author(s) | Prof. Dr. R. Blessie Pathmu, Ms. Jessica Katheryne Priestly |
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Country | India |
Abstract | This article explores the significant impact of rapidly advancing Financial Technology (FinTech) on the conventional financial sector by integrating existing literature and assessing its influence on financial intermediation, stability, and service delivery. It investigates FinTech's essential role in transforming digital banking, affecting traditional services and introducing new intermediation models, as well as its potential to alter the established financial culture. Additionally, this research examines the relationship between traditional financial institutions and new FinTech companies, taking into account both collaboration and competition, including the strategic responses of banks. By acknowledging the shifting regulatory environment and the challenge of balancing innovation with financial stability, this study aims to deliver a thorough understanding of FinTech's ground breaking potential and its lasting effects on the global financial system, providing important insights for scholars, practitioners, and policymakers navigating this evolving landscape. |
Keywords | Financial Technology (FinTech), Financial Sector Impact, Digital Banking Transformation, Financial Intermediation, Financial Stability, Incumbent Institutions, FinTech Disruption, Innovation, Strategic Collaboration, Regulatory Environment. |
Field | Sociology > Banking / Finance |
Published In | Volume 7, Issue 2, March-April 2025 |
Published On | 2025-04-26 |
DOI | https://doi.org/10.36948/ijfmr.2025.v07i02.42880 |
Short DOI | https://doi.org/g9gvjx |
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E-ISSN 2582-2160

CrossRef DOI is assigned to each research paper published in our journal.
IJFMR DOI prefix is
10.36948/ijfmr
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