FINTECH AND DIGITAL FINANCE: OPPORTUNITIES AND CHALLENGES IN INDIAN BANKING SECTOR
Abstract
FinTech and digital finance have emerged as key drivers of financial innovation globally. In India, the banking sector has been undergoing a digital transformation, with FinTech startups and established banks investing in digital technologies to offer innovative products and services to their customers. This paper examines the opportunities and challenges presented by FinTech and digital finance in the Indian banking sector. The paper also discusses the regulatory framework in India and the measures taken by the government and the Reserve Bank of India (RBI) to promote digital finance and financial inclusion.
Keyword : Fintech, Financial Inclusion, Digital Finance
This work is licensed under a Creative Commons Attribution 4.0 International License.
References
Baporikar, N. (2021). Fintech Challenges and Outlook in India. Innovative strategies for implementing FinTech in banking, 136-153. Priya, P. K., & K., A. (2019). Fintech Issues and Challenges in India. International Journal of Recent Technology and Engineering (IJRTE), 8(3), 904-908. doi:10.35940/ijrte.C4087.098319 Siddiqui, T. A., & Siddiqui, K. (2020). FinTech in India: An analysis on impact of telecommunication on financial inclusion. Strategic Change, 29(3), 321-330. doi:https://doi.org/10.1002/jsc.2331 Vijai, D. C. (2019, January). Fintech in India – Opportunities and Challenges. SAARJ Journal on Banking & Insurance Research (SJBIR), 8(1), 42-54. Gupta, S., & Agrawal, A. (2021). Analytical study of Fintech in India: Pre & Post Pandemic covid-19. Indian Journal of Economics and Business, 20(3), 33-71. Pandey, A., Kumar, S., & Gupta, O. (2021, December). Empirical Evidence of Board Composition and CEO-Duality with Financial Performance of Select Indian Banks. Corporate Governance Insight, 3(2), 1-17. Kumari, N., & Pandey, A. (2022, December). Analysis of COVID 19 Impact on Investment Behaviour of Individual Investors in Tier-III Towns of Chhattisgarh State. Neuro Quantology, 20(13), 3395-3405. Rajpoot, P., & Pandey, A. (2022, March). "Adoption and Awareness of Cloud Accounting: Changing Paradigm". AGPE The Royal Gondwana Research Journal, 3(2), 61-68. Mohanty, D., Khan, J. S., & Mohapatra, S. R. (2021). Impact of Macroeconomic Variables on Indian Stock Market. Empirical Economics Letters, 20, 27-36. Sharma, S. (2022). An Analytical Study of Financial Performance Using Ratio Analysis of Public Sector Enterprises with Special Reference to “SAIL” Post COVID 19. Journal of Pharmaceutical Negative Results, Volume 13 No 7 ,1481–1498. Girdhar, R., Khan, J.S.,Mohanty, D.,Sahu,P.K.,and Shiekh.Y.(2022).Global Research on Green Finance: A Bibliometric Analysis, World Journal of Management and Economics, 15, 3, 3-9. Teixeira, P., Sá, J. C., Silva, F. J. G., Ferreira, L. P., Santos, G., & Fontoura, P. (2021). Connecting lean and green with sustainability towards a conceptual model. Journal of Cleaner Production, 322, 129047. Thaler, R. H., & Ganser, L. J. (2015). Misbehaving: The making of behavioral economics. Zada, M., Yukun, C. & Zada, S. Effect of financial management practices on the development of small-to-medium size forest enterprises: insight from Pakistan. Geo Journal 86,1073–1088 (2021). https://doi.org/10.1007/s10708-019-10111-4