Fintech and the Future of Financial Services: A Study of the Impact of Fintech on Traditional Financial Institutions
Dr. Latika Vaishak Shanbhag
Joint Academic Dean for DBA,
IIBM Institute of Business Management, Sector 62 Noida, Uttar Pradesh, India.
Corresponding Author: dr.latika@iibmindia.in
Key words: Fintech, Financial Services, Financial Inclusion, Regulatory Frameworks, Cybersecurity Risks, Artificial Intelligence, Machine Learning, Blockchain, Digital Payments, Financial Stability, Consumer Protection, Small and Medium-Sized Enterprises (SMEs), Financial Literacy, Sustainable Finance, Digital Transformation, Financial Technology, Innovation, Disruption, Traditional Financial Institutions, Emerging Markets
Abstract
The rapid growth of fintech has transformed the financial services industry, offering new opportunities for innovation, efficiency, and accessibility. However, it also raises important questions about the impact of fintech on financial inclusion, regulatory frameworks, cybersecurity risks, and consumer protection. To address these questions, further research is needed in several key areas.
Research is needed to understand the impact of fintech on financial inclusion, particularly in underserved markets. This includes studies on the use of fintech to increase access to financial services, such as mobile banking and digital payments. Additionally, research is needed to develop regulatory frameworks that balance the need to promote innovation with the need to protect consumers.
DOI link – https://doi.org/10.69758/GIMRJ/2501I01S01V13P0003
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