Disruption of traditional banking by fintech: A review and financial analysis

Toluwalase Vanessa Iyelolu, Patience Okpeke Paul
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Abstract

This review paper examines the disruption of traditional banking by FinTech, analysing key factors driving this transformation and its implications for the financial services industry. It explores technological advancements, changing consumer behavior, regulatory dynamics, and investment trends shaping the landscape of FinTech and traditional banking. The financial analysis compares market share, growth trends, profitability, and efficiency metrics between traditional banks and FinTech firms. Furthermore, it discusses strategies for traditional banks to adapt and compete with FinTech firms. It offers predictions for the future of FinTech and traditional banking. This paper concludes that while FinTech disruption presents challenges for traditional banks, it also offers opportunities for innovation and growth in an increasingly digital and customer-centric environment.
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金融科技对传统银行业的颠覆:回顾与金融分析
本文探讨了金融科技对传统银行业的颠覆,分析了推动这一转变的关键因素及其对金融服务业的影响。它探讨了技术进步、消费者行为变化、监管动态以及影响金融科技和传统银行业格局的投资趋势。财务分析比较了传统银行和金融科技公司的市场份额、增长趋势、盈利能力和效率指标。此外,报告还讨论了传统银行适应金融科技公司并与之竞争的策略。本文对金融科技和传统银行业的未来进行了预测。本文的结论是,虽然金融科技的颠覆给传统银行带来了挑战,但在日益数字化和以客户为中心的环境中,它也为创新和增长提供了机遇。
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