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Stream/Area:
-
Subject:
-
Paper ID:
IJSREM65208
Volume:
10 |
6 |
Jun 2026
Pages:
1-6
Publication Frequency:
Monthly (12 issues per year)
License:International Journal of Scientific Research in Engineering and Management follows the Creative Commons Attribution 4.0 (CC BY 4.0) License, allowing free use and distribution with proper attribution.
Department of Business Administration
Institute of Technology and Management GIDA, Gorakhpur, Affiliated from AKTU Lucknow
Fintech, in simple language, refers to the use of modern technology to provide financial and banking services to individuals as well as businesses. It has emerged as one of the most rapidly expanding sectors across both developed and developing economies, with India ranking among the top three countries globally in terms of fintech start-ups. Fintech companies extensively use advanced technologies such as blockchain, cryptocurrency, artificial intelligence, data analytics, machine learning, big data, robotics, and cloud computing to design and deliver innovative financial products and services. The availability of reliable domestic and international broadband connectivity provided by telecom service providers has played a crucial role in creating the essential infrastructure required for fintech expansion. One of the earliest examples of fintech innovation was the introduction of the first Automated Teller Machine (ATM) by Barclays Bank in 1967. The global financial crisis of 2008 further accelerated fintech development, as many former employees of traditional financial institutions began launching innovative technology-driven financial solutions. The main purpose of this paper is to examine the emerging fintech trends at the global level. A qualitative research approach was adopted, based on an extensive review of existing literature along with interactions and discussions with industry professionals and academic researchers. The study identifies several key emerging trends, including the International Monetary Fund’s interest in using fintech for cross-border payments through distributed ledger technology, the use of augmented reality to enhance customer experience, digital insurance services, electronic invoicing, crowd funding and crowd-investing platforms, robotic investment advisory services, evolving partnerships between banks and fintech firms, and the increasing regulatory role of central banks. The study also highlights that while fintech has been widely researched at the global level, there is relatively limited academic research focused on fintech in the Indian context. This gap presents significant scope for future research, particularly in the areas of innovation, adoption, and growth of fintech in India.
KEYWORDS
1. Fintech has disrupted financial markets with technology and innovation by transforming the finance business and is growing faster than ever before. Digital finance is now emerging as the backbone of businesses. This makes it crucial for fintech firms to address concerns relating to online business risks more proactively. The financial market crisis of 2008 was the beginning of fintech and it has evolved with time. The challenges for fintech firms in the current year have increased substantially due to the corona virus pandemic; however, the current situation also presents them with the opportunities to monetize from increasing digital transactions and growing demand for tele-medicines and insurance products. Currently, the new investments in fintech have almost stopped as many f irms are forced to cut costs and reduce redundancies. The online or digital business is here to stay, and fintech firms can further learn from the current crisis and come out strongly with innovative solutions (Beyond COVID-19: New Opportunities for fintech companies, 2020).
1. Adrian, T., & Griffoli, T. (2019). An analytical discussion on the emergence and growth of digital currencies. International Monetary Fund. 2. Arner, D. W., Barberis, J., & Buckley, R. P. (2016). An evolutionary overview of fintech development over the last 150 years. JASSA: The Finsia Journal of Applied Finance, (3), 22–29. 3. Bauguess, S. W. (2017). Regulatory insights on the application of big data, machine learning, and artificial intelligence in risk evaluation. U.S. Securities and Exchange Commission. 4. Belanche, D., Casaló, L. V., & Flavián, C. (2019). Customer acceptance of robo-advisory services: The role of artificial intelligence in fintech. Industrial Management & Data Systems, 119(7), 1411–1430. 5. Deloitte. (2020). Opportunities for fintech firms in the post-COVID financial ecosystem. Deloitte Financial Services Insights. 6. Digital India Initiative. (n.d.). Development of national broadband infrastructure under Digital India. Government of India. 7. Chen, M. A., Wu, Q., & Yang, B. (2019). Assessing the economic value created by fintech innovation. The Review of Financial Studies, 32(5), 2062–2106. 8. Das, S. (2019). Emerging opportunities and key challenges faced by the fintech sector. CCIL Monthly Newsletter, 26–29. 9. Dubey, V. (2019). Digital banking transformation through fintech innovations. International Journal of Engineering Research & Technology, 8(10). 10. NASSCOM. (2019). Fintech lending models and their role in expanding financial inclusion. NASSCOM Knowledge Series.
Publication Date
6/21/2026
Peer Review Type
Double-Blind Peer Review
Review Rounds: 2
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The authors declare no conflict of interest related to this research work.
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