MAPPING THE IMPACT OF FINTECH INNOVATIONS ON THE FINANCIAL SECTOR: A MULTIPLE CORRESPONDENCE ANALYSIS APPROACH

Technology has changed a lot nowadays and so has the financial sector too.This has led to a lot of new FinTech products that combine finance with digital technologies.Blockchain, digital payments, artificial intelligence, roboadvisory services, peer-to-peer lending, and crowdfunding are some new technologies that have changed the way people get and use financial services.These new ideas have made services easier to use, more accessible, more open, and less expensive.Even so, academic research doesn't do a good job of putting together the complicated and different ways that FinTech advances have affected the financial industry.This study uses a bibliometric approach and Multiple Correspondence Analysis (MCA) to look at all the ways that FinTech innovations have changed the financial sector.The study uses a structured dataset of scientific publications from the Scopus database to look at how FinTech-related studies have changed over time, find the most important authors, institutions, funding agencies, and countries, and figure out which journals, documents, and thematic keywords have had the biggest impact in the field.MCA is a tool that helps you find connections between different types of variables, such as research topics, technology fields, and financial uses.This lets you see the FinTech literature's conceptual structures and knowledge clusters.The results show that the number of publications about FinTech has grown a lot over time.This means that academics are more interested in new ways to make money and digital transformation.The results also show that some research topics, like financial inclusion, digital payments, regulatory technology, and artificial intelligence, are very important.A small number of countries, institutions, and important publications make most of the important contributions.The various ways in which FinTech technologies are integrated into conventional banks are also shown by the MCA-based mapping.The interplay between norms, institutions, and technology can be better understood in light of this.Full, data-driven analysis of the FinTech sector is provided by this study by integrating bibliometric indicators with MCA.Also, it identifies unexplored fields of study.Researchers, regulators, and banks that want to learn more about the FinTech world, which is always changing, and what it could entail for the global financial industry can use the results.