Anjali Tomar
Finance
June 2025
This report provides a comprehensive literature review on the rise of financial technology (Fintech) and its disruptive impact on traditional banking services. The study synthesizes a wide range of academic and industry sources to define Fintech, explore its scope and various sub-sectors, and examine the historical evolution and key characteristics of traditional banking. Furthermore, it analyses the specific ways in which Fintech innovations are disrupting established banking models, including shifts in customer behavior, transformations in service delivery, and the reshaping of competitive landscapes. The report also investigates the primary drivers behind the emergence of Fintech, such as technological advancements, regulatory changes, and evolving consumer demands. By reviewing existing scholarly literature, this study identifies the multifaceted effects of Fintech on the financial services industry, with a particular focus on the challenges and opportunities faced by traditional banks in adapting to this technological revolution. Finally, the report outlines the regulatory environment governing Fintech and discusses potential future trends and long-term implications for the structure and operation of the banking sector.
1283- 1289
© Airo Journals 2021
