Fintech -A Promising Future?

Pages: 466-470
S. SOWMIYAA (Department of Agricultural and Rural Management Tamil Nadu Agricultural University, Coimbatore)
S. MOGHANA LAVANYA (Department of Agricultural and Rural Management Tamil Nadu Agricultural University, Coimbatore)
K. MAHENDRAN (Department of Agricultural and Rural Management Tamil Nadu Agricultural University, Coimbatore)
S.Hemalatha (Department of Agricultural and Rural Management Tamil Nadu Agricultural University, Coimbatore)

Financial Technology or what is popularly called FinTech has been revolutionizing financial markets and its related activities. In recent times, there is not much fuss about doing financial trading or banking activities. Thanks to technology. FinTech has leveraged many innovations in the financial sectors from Artificial Intelligence (AI), Big Data, Robo -Advisories, Peer-to-Peer Lending, digital Payments, Blockchain, etc., and are in the forefront of tech disruptions spoken widely today. There are many business models like alternative credit scoring and tech startups that are reforming the financial industry throughout the world. Collaborating technology and finance is a great way to do business for streamlining finesse services to the customers. This paper reviews the evolution of FinTech and future prospects it hold for the world. It also discusses the various FinTech innovations, FinTech business models, and some of the related startups that are vanguards in theirfield.