The Impact of Fintech on Financial Innovations

PARAMESWARI PADMANABHAN

doi:10.36948/ijfmr.2026.v08i01.66990

The Impact of Fintech on Financial Innovations

Author(s)	Dr. PARAMESWARI PADMANABHAN
Country	India
Abstract	Abstract: Introduction: This study targeted to find out the impact of fintech solutions on financial innovation. The objectives and questions in this research have been set as per the aim. Literature Review: The role of fintech solutions on financial innovation has been discussed. Additionally, the role of financial technology in improving the economic landscape of countries has also been included. Along with this, the challenges of financial technology have been elaborated in this part. Methodology: This study has used a primary quantitative method for collecting data. In this process, 55 participants were chosen randomly. A questionnaire has been prepared in which three demographic questions and, ten subject-based questions have been added. Findings and Analysis: The collected data has been analysed through the SPSS software. The use of this software has helped in generating statistical information that helped in justifying the hypothesis in this study. Discussion: The introduction of fintech solutions into the financial system has brought innovation and revolutionized the way that nations view their economies. Fintech solutions have reduced the expenses associated with traditional banking procedures by automating a number of finance-related procedures. However, fintech solutions appear to have a lot of underlying risks that could affect the financial services industry, even though they offer a lot of chances for people to manage their financial assets in a better and more creative way. Conclusion: Through the analysis of quantitative information after conducting the survey, numeric results can be obtained which has helped in forming the overall study with valid ideas. The use of close-ended questions has collected information within a restricted time in an easier way
Keywords	Fintech solutions, innovation, wealth creation, economic growth, financial challenges, internet banking, block chain technology
Field	Business Administration
Published In	Volume 8, Issue 1, January-February 2026
Published On	2026-01-22
DOI	https://doi.org/10.36948/ijfmr.2026.v08i01.66990

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The Impact of Fintech on Financial Innovations

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