IJSSER

Title: FINTECH INNOVATIONS AND THE FUTURE OF FINANCIAL SERVICES
Authors: Suhani Dhingra
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Suhani Dhingra GD Goenka World School, Gurugram
MLA 8 Dhingra, Suhani. "FINTECH INNOVATIONS AND THE FUTURE OF FINANCIAL SERVICES." Int. j. of Social Science and Economic Research, vol. 9, no. 1, Jan. 2024, pp. 149-164, doi.org/10.46609/I
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ABSTRACT: The term "financial technology" or "fintech" refers to a variety of creative approaches that use technology to transform how people interact with and transact with money. This paper provides a thorough examination of the crucial role that fintech start-ups have played in bringing about transformative developments in several financial services industry sectors. With a focus on the role performed by fintech firms and technologies, fintech innovations have profoundly changed the landscape of financial services. The study paper examines how inventive and cutting-edge technological innovations are altering how we manage money. It focuses on tiny, innovative enterprises that use technology to elevate and simplify financial activities like banking and investing. The integration of technology like blockchain, artificial intelligence, and mobile applications, which support efficient procedures, individualized customer experiences, and fresh pathways for financial inclusion, is explored in this paper through a multidimensional analysis. This report also demonstrates the dynamic synergy driving the industry's development by looking at the cooperative efforts of major financial institutions and fintech start-ups. In the end, this research helps us comprehend the financial services sector's changing environment and prospective futures in the aftermath of fintech advances.

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