Analyze the Impact of Fintech on Traditional Banking
Year: 2025
Type: article
Abstract: This study focuses on the emergence of FinTech has revolutionized the banking industry, posing significant challenges to traditional banking models. The study examines how respondents to use fintech services and analysis examines the impact of FinTech on traditional banking, exploring both the benefits and drawbacks using a sample of 120 respondents. We identify key areas of disruption, including changes in customer behavior, increased competition, and innovative payment systems. Our findings suggest that FinTech has improved financial inclusion, enhanced customer experiences, and increased efficiency. However, traditional banks face significant challenges in adapting to these changes, including the need for technological upgrades, cultural shifts, and strategic reorientation.
Author: Dr. R. Chandhrasekaran*, Mathumitha S.
Language: English
Subfield: Management Information Systems
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W6930687474
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