Fintech And the Digital Transformation of Financial Services: A Review of Public Policy and Market Structure

Abstract

The world is changing quickly with the headway in innovation. Its effect should be visible in the monetary area too. Cash is likewise progressively becoming computerized or electronic with the approach of e-wallets and portable wallets. The word 'FinTech' is a mixture of monetary administrations and data innovation. Arising as a term alluding to the innovation utilized by huge monetary establishments, it has extended to remember mechanical development for the monetary area, remembering developments for monetary proficiency and training, retail banking, speculations, and so on. In any case, the interlinkage of monetary administrations and innovation has a long history with three distinct periods. First being the simple setting, second being the digitalization of money in the late 20th hundred years and the current time of computerized change. We break down the FinTech industry in India and the future of monetary administrations.