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Dissertation

The document discusses the significant transformation of the banking industry due to the rise of financial technology (fintech), which addresses inefficiencies and outdated practices. It explores how fintech enhances financial inclusion, improves service delivery, and introduces innovative solutions like mobile banking and digital currencies. The dissertation aims to analyze the benefits, challenges, and regulatory considerations of fintech's impact on traditional banking practices.

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13 views2 pages

Dissertation

The document discusses the significant transformation of the banking industry due to the rise of financial technology (fintech), which addresses inefficiencies and outdated practices. It explores how fintech enhances financial inclusion, improves service delivery, and introduces innovative solutions like mobile banking and digital currencies. The dissertation aims to analyze the benefits, challenges, and regulatory considerations of fintech's impact on traditional banking practices.

Uploaded by

goitsemodimoj31
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Problem Statement:

The traditional banking industry has long been followed by inefficiencies and
outdated practices, leading to slow processes, high costs, and limited access
to financial services for certain segments of the population. However, with
the rise of financial technology (fintech), the banking industry is undergoing
a significant transformation. It is crucial to understand and analyze the
impact of fintech on the banking industry to assess the potential benefits and
challenges it presents.

Introduction

The advent of fintech has revolutionized numerous sectors, and one industry
that has witnessed a significant impact is banking. Traditional banking
systems have often struggled to keep pace with rapidly evolving customer
expectations, technological advancements, and the need for financial
inclusion. However, the rise of fintech has disrupted this stagnant landscape,
offering innovative solutions that have transformed the way financial
services are accessed and delivered.

Fintech refers to the integration of technology and financial services to


provide faster, more efficient, and cost-effective solutions. It encompasses
various areas, including mobile banking, online payments, peer-to-peer
lending, robo-advisors, blockchain technology, and digital currencies. These
technologies have empowered consumers, reduced barriers to entry, and
encouraged competition within the banking industry.

This dissertation aims to explore the impact of fintech on the banking industry,
focusing on how it has transformed traditional banking practices, improved
financial inclusion, and addressed the existing challenges. By analyzing the
advancements and disruptions caused by fintech, we can gain valuable
insights into the opportunities and challenges that lie ahead for banks in the
digital era.
Through this examination, we seek to understand the key drivers behind the
rise of fintech, the benefits it brings to consumers and businesses, and the
potential risks and regulatory considerations associated with its
implementation. By understanding the transformational impact of fintech on
the banking industry, stakeholders can make informed decisions to shape the
future of financial services and ensure a more inclusive and efficient banking
ecosystem.

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