The Transformative Role of Financial Technology in Global Finance: Efficiency, Inclusion, & Regulation

The Transformative Role of Financial Technology in Global Finance: Efficiency, Inclusion, & Regulation

Abstract

The rapid growth of financial technology (FinTech) applications has significantly transformed personal financial management (PFM) practices. FinTech apps offer tools for budgeting, saving, investing, bill payments, and financial planning, thereby enhancing financial decision-making among individuals. This empirical study examines the role of FinTech apps in personal financial management using secondary data from published reports, regulatory bodies, and prior empirical studies. The findings indicate that FinTech apps contribute positively to financial awareness, improved saving behaviour, expense tracking, and investment participation. The study highlights policy and managerial implications while identifying gaps for future research.

Authors

Desh Ratan, Abhishek Choubey, Abhishek Kumar, Abhishek Verma, Adarsh Kumar Singh

Institution

Noida Institute of Engineering & Technology (MCA Institute), Greater Noida

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