This research paper examines the transformations underway in the banking, finance, and trade sectors, focusing on how structural, technological, and regulatory changes reshape performance, interlinkages, and trade flows. Using descriptive statistics and secondary numerical data from year range, e.g. 2015–2024 across major institutions and trade metrics, the study analyzes trends, correlations, and patterns. The research objectives are to (1) identify key transformation drivers in each sector, (2) quantify the impact of digital banking and fintech on financial performance, (3) examine linkages between trade growth and financial sector transformation, and (4) test hypotheses on whether greater digital adoption correlates with better sector performance. Limitations include reliance on secondary data and descriptive (non-causal) methods. The results show clear upward trends in digital transaction volumes, trade finance efficiency, and convergence in financial sector profitability metrics, with positive associations (though not proven causality). The paper concludes with policy implications and suggestions for further causal or qualitative work.
Chandrakant et al. (Thu,) studied this question.