IMPACT OF FINANCIAL TECHNOLOGY (FINTECH) ON TRADITIONAL BANKING: ANALYZING THE ADOPTION AND IMPLICATIONS OF FINTECH INNOVATIONS ON TRADITIONAL BANKING OPERATIONS, CUSTOMER BEHAVIOR, AND REGULATORY FRAMEWORKS

Authors

  • Toshkent davlat iqtisodiyot universiteti

Keywords:

Financial technology (fintech), Traditional banking, Banking operations, Customer behavior, Transformative effects, Cost reduction, Risk management, Digitalization, Financial services, Peer-to-peer lending, Market share.

Abstract

This comprehensive article examines the impact of fintech on traditional
banking, focusing on the adoption and implications of fintech innovations on banking
operations, customer behavior, and regulatory frameworks. It discusses the
transformation of banking operations through automation, digitalization, and improved
risk management practices facilitated by fintech. Additionally, it explores the changing
customer expectations and preferences, emphasizing the need for traditional banks to
adapt to personalized and convenient banking experiences.

References

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Pure Hype or the Dawn of a New Era of Startup Financing? Journal of Financial

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the Fintech Revolution: Interpreting the Forces of Innovation, Disruption, and

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Published

2023-05-30

How to Cite

Norboyev Dilkhushbek. (2023). IMPACT OF FINANCIAL TECHNOLOGY (FINTECH) ON TRADITIONAL BANKING: ANALYZING THE ADOPTION AND IMPLICATIONS OF FINTECH INNOVATIONS ON TRADITIONAL BANKING OPERATIONS, CUSTOMER BEHAVIOR, AND REGULATORY FRAMEWORKS. Prospects of Innovative Development of the National Corporate Governance System Based on International Standards and Modern Best Practice, 455–457. Retrieved from https://conference.tsue.uz/index.php/pidncgsbism/article/view/762