The Fintech Revolution and Future of Banking and Financial Institutions: A Quantitative Investigation

Abstract

The rapid advancement of technology and the growing demand for digital financial services have given rise to a thriving fintech ecosystem. Fintech startups, armed with cutting-edge technologies such as artificial intelligence, blockchain, and big data analytics, have disrupted traditional banking models by offering streamlined and customer-centric solutions. These range from digital payments, peer-to-peer lending, robo-advisory services, crowdfunding platforms, and cryptocurrency exchanges, among others. The fintech revolution has brought several benefits to consumers, including enhanced accessibility, convenience, and personalized experiences. Mobile banking applications, for instance, have revolutionized the way people manage their finances, providing instant access to account information, secure transactions, and innovative features