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Abstract : This research examines how Fintech affects the traditional financial industry by highlighting how it boosts innovation, accessibility, and efficiency. It examines how new technologies are being used to modify financial services, such as open banking, block chain, and artificial intelligence. Fintech's user-friendly digital interfaces, reduced operating costs, and increased financial inclusion have transformed banking, payment, lending, and investing services. The study aims to provide a broad understanding of these technology advancements and how they influence consumers and financial institutions. Fintech has a lot of benefits, but it also has drawbacks, which include issues with financial stability, cybersecurity risks, and regulatory compliance. The Governments and financial authorities are always working to impose law that supports innovation while ensuring data security and consumer protection. The findings provide valuable interpretation for financial institutions, politicians, and technology suppliers struggling to manage the evolving Fintech landscape. As a result of adopting new technologies like block chain, open banking, and artificial intelligence, the financial industry has been going through a transformation since the rise of Fintech. These improvements have financial accessibility, increased operational effectiveness, and introduced personalized customer service. The Fintech revolution has forced traditional banking models to make way for no cash transactions, streamlined services, and more popular financial inclusion among disadvantaged groups. The research investigates these technological advancements and their strong effects on consumers and financial institutions.