Authors : Dr. Richa Gupta

Volume/Issue : Volume 8 - 2023, Issue 6 - June

Google Scholar : https://bit.ly/3TmGbDi

Scribd : https://tinyurl.com/4nvkspey

DOI : https://doi.org/10.5281/zenodo.8162319

Abstract : This paper examines the theoretical literature on the development of information and digital technologies in the Indian banking sector. The purpose of this study is to emphasis the function of financial technologies or Fintech in the financial industry, particularly in the banking sector, using information collected from secondary sources on Fintech and Digital Banking. The study review the overall idea of Fintech and Digital banking and also the initiatives launched by RBI recently. The Published data is used to understand the pattern of fintech and digital banking services in Indian Context. This study indicates a direction for Fintech evolution in terms of changing industries and customers. Over the past several years, there has been a significant increase in the usage of fintech in the banking industry. This study gives a thorough review of the new opportunities that FinTech has opened up for the banking industry, as well as the difficulties that may arise throughout the adaption process.

Keywords : Financial Technology, Digital Banking, Banking services, Digital initiatives, Opportunities and Threats