Fintech Unfolding: Financial Revolution in India

Authors

  • Pooja Goel Faculty of Management , Mangalmay Institute of Management & Technology, India
  • Shweta Kulsrestha Faculty of Management , Mangalmay Institute of Management & Technology, India
  • Sushil Kumar Maurya Faculty of Management , Mangalmay Institute of Management & Technology, India

Keywords:

Financial inclusion, Peer-to-peer lending, Crowd funding, Blockchain, Big data

Abstract

The aim of this paper is to present the role of Financial Technologies, or Fintech, in the financial industry, specifically in the banking sector, using data from the Reserve Bank of India's Report of the Working Group on Fintech and Digital Banking (2017). The paper discusses recent Fintech developments in Indian banking in detail. This research indicates a direction for Fintech evolution in terms of changing industries and customers. It will dive deeper into the logical progression of Fintech-based developments, as well as the connection between Fintech and financial inclusion. The study indicates that there is a value frontier in further exploration of new perspectives on upcoming financial technology and its implications for the banking sector.

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Published

2022-05-02

How to Cite

Goel, P., Kulsrestha , . S., & Kumar Maurya , S. (2022). Fintech Unfolding: Financial Revolution in India. Thailand and The World Economy, 40(2), 41–51. Retrieved from https://so05.tci-thaijo.org/index.php/TER/article/view/259005

Issue

Vol. 40 No. 2 (2022): Thailand and The World Economy

Section

Research Article

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