Fintech Revolution: A Study of Drivers Transforming Financial Services
DOI:
https://doi.org/10.53032/tvcr/2025.v7n2.30Keywords:
Fintech, Financial services, Digital transformation, Blockchain, Artificial intelligence, Financial inclusionAbstract
The fintech revolution is more or less reshaping the financial services sector by bringing in digital solutions that optimize efficiency, accessibility, and security. The study discusses how the various fintechs are influencing traditional industries such as banking, payments, lending, insurance, and wealth management. The study adopted a mixed-method approach by undertaking a literature review and a case study analysis. Some highlights of the findings include the benefits of fintech, such as financial inclusion and low-cost transactions, against challenges like cybersecurity and regulations. The paper concludes by proposing possible methods for balancing innovation and risk management in the evolving financial environment.
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