Author(s) :

Ritika Singh, Abhinav Chaudhary, Dr. Saniya Zehra .

Volume/Issue :

Abstract :

The paper covers the factors that can be used for the development of fintech — online transformation, AI, blockchain, and big data processing — and how it impacts financial services, conventional banking, and global markets. Fintech has played a key role in unlocking access to all those people who have so far been unbanked and therefore improves banking access by decentralizing the provision of financial services. The article will also study the legal hurdles that come in at a fast clip as the fintech develops. While laws are framed to promote innovation while ensuring protection for the users and economic security, they also pose a challenge for new entrants and old firms alike. Balancing compliance and innovation is important in the pursuit of the ultimate long-run growth of fintech. In addition, when these digital transformations are being incorporated by legacy firms, their revenue structures will change, which brings about changes in the organization. Looking into the future, the development of financial technology will be led by the emerging trends in decentralized finance, central bank digital currencies, and the integration of fintech with phenomena such as the Internet of Things and advanced analytics. Yet, in producing the final value of fintech, there is a requirement to solve ethical, legal, and digital issues. This paper presents the opportunities, challenges, and impacts of fintech, bearing critical results for legislators, industry leaders, and researchers. KEYWORDS Examines cyber Défense, Privacy measures, regulatory alignment, Finech

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