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Fintech and Cryptocurrency
book

Fintech and Cryptocurrency

by Mohd Naved, V. Ajantha Devi, Aditya Kumar Gupta
November 2023
Intermediate to advanced content levelIntermediate to advanced
480 pages
13h 5m
English
Wiley-Scrivener
Content preview from Fintech and Cryptocurrency

2Digital Transformation of Financial Services in the Era of Fintech

Ayesha Siddiqui1, Arti Yadav2 and Najib H.S. Farhan3*

1Department of General Management, Universal Business School, Karjat, Maharashtra, India

2Department of Commerce, Ramanujan College, University of Delhi, New Delhi, India

3Department of Finance, Universal Business School, Karjat, Maharashtra, India

Abstract

The present chapter analyses a conceptual framework highlighting the growth of the financial technology sector. It starts with the concept of digital transformation and how it has impacted the various stakeholders. Our conceptual framework allows us to define FinTech-financial technology and then construct a taxonomy of the various FinTech domains. We apply the notion of digital transformation to the financial sector to better understand where the FinTech concept began and, where it is headed, how Digital transformation has acted as a significant change agent in the fintech sector. Fintech is one of the most critical developments in the financial sector with fast expansion, fueled mainly by favorable legislation, sharing economy and information technology which has created innovative value creation and appropriation pathways for the financial industry. In most countries worldwide, Fintech is rapidly becoming the go-to financial system.

Keywords: FinTech, digital transformation, financial services

2.1 Introduction

Innovation in finance can not only have a significant impact on financial services, but ...

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Publisher Resources

ISBN: 9781119904816Purchase Link