Revolutionizing Banking Industry : The Role of Fintech in Modern Banking Industry

Authors

  • Heema Patadiya Assistant Professor, Smt. S. B. Patel Institute of Business Management, Sakalchand Patel University, Visnagar, Gujarat, India Author
  • Akshay Patel Manager at DCM Shriram Ltd, World Mark 1, Aerocity, New Delhi, India Author
  • Falguni Rahevar Assistant Professor, Grow More institute of Business Administration, Himmatnagar, Gujarat, India Author
  • Dr. Darshanaben Dipakkumar Pandya Associate Professor, Department of Computer Science & Application, Shri C. J Patel College of Computer Studies (BCA), Sankalchand Patel University, Visnagar, Gujarat, India Author

DOI:

https://doi.org/10.32628/CSEIT25113448

Keywords:

Fintech, Retail Banking, Personalized Financial Services, Digital Banking, Financial Technology, Customer Experience

Abstract

The rise of Financial Technology (Fintech) is transforming the global financial ecosystem in significant ways. This project explores the growing impact of fintech on the banking industry, highlighting how technological innovations are reshaping traditional banking practices. The fusion of finance and digital technology has ushered in a new era of online and mobile banking, offering faster, more affordable, and more convenient financial services for both individuals and businesses. Fintech innovations—such as mobile wallets, contactless payments, peer-to-peer lending, blockchain platforms, and AI-powered financial advisors—are disrupting conventional banking frameworks. These tools not only improve user experiences through customization and instant access but also promote financial inclusion by serving previously unbanked or under banked populations.

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References

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Published

02-07-2025

Issue

Vol. 11 No. 4 (2025): July-August

Section

Research Articles

License

Copyright (c) 2025 International Journal of Scientific Research in Computer Science, Engineering and Information Technology

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite

[1]
Heema Patadiya, Akshay Patel, Falguni Rahevar, and Dr. Darshanaben Dipakkumar Pandya, “Revolutionizing Banking Industry : The Role of Fintech in Modern Banking Industry”, Int. J. Sci. Res. Comput. Sci. Eng. Inf. Technol, vol. 11, no. 4, pp. 20–25, Jul. 2025, doi: 10.32628/CSEIT25113448.