Abstract:
Fintech, the amalgamation of finance and technology, offers an alternative perspective on financial services and banking- related activities. In the realm of finance, FinTech represents a rapidly evolving and enhanced framework. This paper primarily aims to investigate the influence of fintech on the operational efficiency of both private and public sector banks in India. This paper delves into the fintech offerings provided by Indian banks and the evolution of current financial technologies. It also provides an overview of the historical development of Fintech and the significant markets it encompasses, along with their growth trajectories. The burgeoning pace of fintech services is not confined to India alone but extends globally. Anticipated as transformative, these services are poised to reshape the norms and practices within the financial sector in India and beyond
