Fintech and Cryptocurrency

8Analytical Study of Fin-Tech in Banking: A Utility Model

Neha Kamboj^1* and Mamta Sharma²

¹IILM School of Management, IILM University Gurugram, Haryana, India ²IKGPTU Kapurthala, Jalandhar, Punjab and CBSA, Landran, Mohali Punjab, India

Abstract

India is the 5th largest growing developing country among the globe, and undoubtedly it is fastest growing itself into the Fin-tech market in recent years too. Paperless loaning, portable banking, secure installment passages, versatile wallets, and different ideas are now being taken on in India. The ongoing paper is focusing on understanding the purpose of Fin-tech for the banking sector in India. The author analyses the developments of Fin-tech trends, especially in Indian banking sectors. The authors additionally attempted to figure out the quantity of variables influencing clients’ aims to utilize these services with the goal that the Indian financial area will further develop its Fin-tech framework. To realize this, the information gathered through an overview of clients of banks in Chandigarh,, which ranks first or top performer in SDG Index among union territories. The Index for Sustainable Development Goals (SDGs) evaluates the progress on three key parameters viz social, economic and environmental. The information is gathered from the time period of January 2022 to February 2022 through survey questionnaire. The Sample size is 400 customers of banks located in Tricity- a good economic sector of India. To analyze the information, ...