In recent years, there has been a notable increase in the financial technology (fintech) sector, leading to significant changes in how financial products and services are developed, provided, and utilized.This analysis examines important findings in the field of fintech, providing a detailed look at how it is changing the financial industry.We investigate the possible effects of financial technology on various important areas such as safeguarding consumers, enhancing financial access, and determining prices in financial markets.The review underlines how fintech progress strengthens customer protection with improved security measures and personalized financial services, ultimately promoting greater consumer trust.Moreover, we explore how fintech plays a part in increasing financial inclusion by providing necessary financial services to marginalized groups, thus closing the divide between conventional financial entities and individuals without adequate banking access.We evaluate how fintech platforms use real-time data analysis and decentralized technologies to enhance the efficiency and transparency of financial markets in the process of price discovery.Furthermore, we explore the creation and execution of digital structures in the fintech era.This involves creating strong regulatory frameworks, technological infrastructure, and creative business models that support the sustainable expansion of the fintech sector.Through compiling existing studies, this review aims to offer a thorough grasp of the developing fintech sector and its extensive impact on the financial environment.
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Chong Kin Liam (2024) studied this question.
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