Fintech and Cryptocurrency

1Evolution of Fintech in Financial Era

Tanya Kumar and Satveer Kaur^*

PCJ School of Management, Maharaja Agrasen University, Baddi (HP), India

Abstract

FinTech is one of the automated and innovative approaches which play a major role in digitalization of financial services through advancement in financial world. FinTech has wider access and can be used in various spheres of life. FinTech will also affect the financial decisions of the people which require financial as well as digital literary. FinTech enables the individual to take appropriate decisions regarding financial services during a reasonable period of time and can be used by individuals as well as businesses for tracking and managing the financial needs. The aim of the paper is to study the various related concepts of FinTech as well as how it works in financial era. The focus is also given to analyze various tools and techniques which can be used in this innovative financial technique. The estimation of future framework regarding FinTech is also incorporated in the study along with its evolution in financial era. The study will provide deep insight into FinTech as it is a u-turn for the banking mechanism and will play a major role transforming the financial world digitally.

Keywords: Artificial intelligence, blockchain technology, digitalization, financial era, financial world, FinTech

1.1 Introduction

Innovative technology which is the merger of finance and information technology is commonly known as ‘FinTech.’ ...