FinTech Evaluation: Disruptions, Opportunities, and Growth

Abstract

Monetary innovation using Technology (FinTech) portrays the advancing intersection of monetary services (Fin) and innovation in technology (Tech). It alludes to new businesses, tech companies, or even innovating old ones. We break down what FinTech is, where it's headed, how to make the most of it, and discuss the innovations in the field of fintech. In this research paper, we are trying to focus on the major four sectors that played a key role in the upbringing of Fintech in the mainstream world and are trying to prognosticate where this industry is going, from where it has come, and what are the disruptions it facilitated on the way. We are considering the four main sectors as Capital Market (primary as well as secondary), Blockchain technology (AI & ML), Ecommerce & Marketing (API), and Banking & Insurance (unified payment system, SWIFT, wire transfer). We are considering the three research sectors as disruptions, opportunities, and growth. This paper’s main aim per se is of academic purpose, but the societal aim is to generalize the word “FinTech” and thusly, create financial inclusion for the general public in the country. This will optimistically correct the current financial imbalance in the country and evidently make the Lorenz curve flatter.