Fintech: An Overview and Its Impact on Personal Finance Management

Fintech: An Overview and Its Impact on Personal Finance Management

Name- Aayush Rajput

Faculty Guide- Dr Richa Raghuvanshi

Amity Business School,Amity University Uttar Pradesh Lucknow

Abstract

Do you remember when controlling your money involved waiting in line at the bank, hand-balancing your checkbook, or mailing bills? Those days are rapidly becoming a thing of the past. Now, the majority of us manage our money with a few clicks on our phones. All thanks to financial technology, or "fintech" for short.

This article delves into how these digital money technologies are changing our relationship with money. From mobile banking apps that allow you to deposit checks from your living room to investment apps that assist you in growing wealth with spare change, fintech is democratizing money management. But with these new conveniences come new challenges as well. Let's take a look at this digital financial revolution and what it holds for our wallets and our futures.