Published Paper Details:

The banking industry has witnessed a remarkable transformation in recent years, thanks to the advent of financial technology, or fintech. Fintech has revolutionized the way banking services are delivered, offering innovative solutions that leverage digital technology to streamline operations, enhance customer experience, and drive financial inclusion. This article delves into the impact of fintech on the banking sector, exploring its various applications and the collaborative opportunities it presents for traditional banks and fintech companies. Fintech, short for financial technology, combines financial services and digital technology to provide innovative solutions in the banking industry. It encompasses a wide range of applications, including mobile payments, online banking, big data analytics, robo-advisors, peer-to-peer lending, and crowdfunding. Fintech startups leverage advanced technologies to develop products and services that offer convenience, efficiency, and cost-effectiveness to consumers. Traditionally, fintech was primarily a back-end system used by banks and financial institutions. However, its definition has evolved over time, encompassing consumer-based applications that empower individuals to manage their finances, make payments, and access banking services through user-friendly interfaces. Fintech has disrupted the traditional banking landscape, challenging established institutions to adapt to the changing needs and preferences of customers.