ISSN: 2349-5162 | Impact Factor: 5.87

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Published in:

Volume 5 Issue 10
October-2018
eISSN: 2349-5162

Unique Identifier

JETIRG006020

Page Number

159-164

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Title

FINTECH: A MESSIAH FOR THE AILING BANKING INDUSTRY IN INDIA

ISSN

2349-5162

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"FINTECH: A MESSIAH FOR THE AILING BANKING INDUSTRY IN INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 10, page no.159-164, October-2018, Available :http://www.jetir.org/papers/JETIRG006020.pdf

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Abstract

FinTech is the latest buzzword in the area of banking and financial services. Simply put, Financial Technology or FinTech is a term used to describe the growing technological innovations in the financial sector aimed at improving the activities in the sector. FinTech has emerged as a potential disrupter in the financial sector with products and services that has well managed to challenge the domination of traditional financial institutions. With the traditional financial institutions, especially in India, undergoing a period of turbulence, which has in the last few years witnessed the growth of bad loans, dissatisfaction among the customers regarding several financial products and services, and growing loss of confidence among the public with an imminent fear of a financial crisis, the opportunity seems ripe for the emerging FinTech to take centre stage. But, in spite of its rapid growth in recent years, FinTech is still a nascent player in the Indian financial sector. Hence, a collaboration with the ailing traditional financial institutions would help provide a new direction to India’s financial sector. This paper, thus, focuses on putting into perspective the role FinTech could play in helping the country’s banking industry regain its lost footing in a highly dynamic sector.

Key Words

FinTech, traditional financial institutions, collaboration, turbulence

Cite This Article

"FINTECH: A MESSIAH FOR THE AILING BANKING INDUSTRY IN INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 10, page no. pp159-164, October-2018, Available at : http://www.jetir.org/papers/JETIRG006020.pdf

Publication Details

Published Paper ID: JETIRG006020
Registration ID: 189015
Published In: Volume 5 | Issue 10 | Year October-2018
DOI (Digital Object Identifier):
Page No: 159-164
ISSN Number: 2349-5162

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(Volume 5 | Issue 10 | October 2018 |Impact factor 5.87)

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Cite This Article

"FINTECH: A MESSIAH FOR THE AILING BANKING INDUSTRY IN INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 10, page no. pp159-164, October-2018, Available at : http://www.jetir.org/papers/JETIRG006020.pdf

Important Dates Related to Publication Procedure:
  • » Paper Submission Till: 29 October 2018.
  • » UGC and ISSN Approved Journal
  • » Review (Acceptance/Rejection) Notification: Within 02-04 Days.
  • » Paper Publish:Within 02-07 Days after submitting the all documents.
  • » Frequency: Monthly (12 issue Annually)
  • » Journal Type : Open Access
  • »Indexing In Google Scholar, ResearcherID Thomson Reuters, Mendeley : reference manager, Academia.edu, arXiv.org, Research Gate, CiteSeerX, DocStoc, ISSUU, Scribd, and many more | High Impact Factor: 5.87 Digital object identifier (DOI) and Hard Copy of certificate Provided.
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