Authors :
Kavyashree M
Volume/Issue :
Volume 6 - 2021, Issue 10 - October
Google Scholar :
http://bitly.ws/gu88
Scribd :
https://bit.ly/3D3FoOH
Abstract :
The world is changing rapidly with the
advancement in technology. Its impact can be seen in the
financial sector as well. Money is also increasingly
becoming digital or electronic with the advent of ewallets and mobile wallets. The word ‘FinTech’ is an
amalgamation of financial services and information
technology. Emerging as a term referring to the
technology used by large financial institutions, it has
expanded to include technological innovation in the
financial sector, including innovations in financial
literacy and education, retail banking, investments, etc.
However, the interlinkage of financial services and
technology has a long history with three different eras.
First being the analogue context, second being the
digitalization of finance in the late twentieth century and
the present era of digital transformation. We analyze the
FinTech industry in India and the future of financial
services.
Keywords :
The world is changing rapidly with the advancement in technology
The world is changing rapidly with the
advancement in technology. Its impact can be seen in the
financial sector as well. Money is also increasingly
becoming digital or electronic with the advent of ewallets and mobile wallets. The word ‘FinTech’ is an
amalgamation of financial services and information
technology. Emerging as a term referring to the
technology used by large financial institutions, it has
expanded to include technological innovation in the
financial sector, including innovations in financial
literacy and education, retail banking, investments, etc.
However, the interlinkage of financial services and
technology has a long history with three different eras.
First being the analogue context, second being the
digitalization of finance in the late twentieth century and
the present era of digital transformation. We analyze the
FinTech industry in India and the future of financial
services.
Keywords :
The world is changing rapidly with the advancement in technology
