International Journal For Multidisciplinary Research

E-ISSN: 2582-2160     Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Call for Paper Volume 7, Issue 3 (May-June 2025) Submit your research before last 3 days of June to publish your research paper in the issue of May-June.

FinTech and Transformation of the Financial Industry

Author(s) Prof. Dr. R. Blessie Pathmu, Ms. Jessica Katheryne Priestly
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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