FinTech has the potential to completely change how financial services companies develop, distribute, and monetize their products and services. This phrase could also be applied to the technologies that these companies provide. In the payments industry, fintech has made the most progress, whereas other industries have made less progress. Fintech has altered the financial landscape in a variety of ways. Fintech can be used to obtain financial advice in addition to transactions. NBFCs offer online support in the event of a problem, allowing customers to contact a lender. Because of mobile and cloud technology, customers have embraced the concept of on-demand financing. People are becoming more comfortable handling their money and business online, according to fintech trends, and they are less willing to put their money and business on the line. The chapter provides a much-needed assessment of "Financial Technology's" current trends and prospects, as well as its growing importance. With a background detailing history, advantages, problems, and regulation, the chapter focuses on the acceptability of fintech, its users, and how it operates. The chapter finishes with a look at the future of fintech.
Author(S) Details
Buthaina Marai Alshanfari
Dhofar University, Sultanate of Oman.
Wafa Alkaaf
Dhofar University, Sultanate of Oman.
Mohammed Abdul Imran Khan
Dhofar University, Sultanate of Oman.
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