| _version_ | 1866901156509253632 |
|---|---|
| author | Gore, Pragati R |
| author_facet | Gore, Pragati R |
| contents | <p><strong><em><span>Abstract:</span></em></strong></p> <p><em><span>There has been noticeable development in the economy of India since past decade. Banking and finance sector has very substantial role in development process. Banks are the support of every economy, backbone of any country. Banks play a vital role in activating and sustaining economic growth, mostly in developing countries. These sectors has changed with changing demographics and priorities of public, also are greatly been effected by fast changes in technology and the regulations. Banks and financial institutes have to change the way of its operations. Banking and finance sector are both public and private sector. </span></em><em><span>Digital modification & Fin-tech has altered the traditional banking industry. Online and mobile banking are becoming more preferable, allowing customers to access their accounts and conduct transactions from anywhere at any time. Artificial intelligence (AI) has changed the banking and financial industry. New financial companies such as fin-tech companies and digital banks, are challenging traditional banks by offering innovative products and services. </span></em><em><span>This paper makes an attempt to highlight the challenges faced by Banking and finance and suggests some possible measures for its growth. The study found that public sector banks are still behind the private sector banks in terms of modernization, overworked service offerings, lower profitability, loads of NPA. This study is based on secondary data. </span></em></p> |
| format | Recurso digital |
| id | zenodo_https___doi_org_10_5281_zenodo_15081061 |
| institution | Zenodo |
| language | eng |
| publishDate | 2025 |
| publisher | Zenodo |
| record_format | zenodo |
| spellingShingle | Digital Banking and Fin-Tech: Trends and Challenges Gore, Pragati R Digital Banking, Innovation, Fin-tech, Banking, Finance, Artificial intelligence. <p><strong><em><span>Abstract:</span></em></strong></p> <p><em><span>There has been noticeable development in the economy of India since past decade. Banking and finance sector has very substantial role in development process. Banks are the support of every economy, backbone of any country. Banks play a vital role in activating and sustaining economic growth, mostly in developing countries. These sectors has changed with changing demographics and priorities of public, also are greatly been effected by fast changes in technology and the regulations. Banks and financial institutes have to change the way of its operations. Banking and finance sector are both public and private sector. </span></em><em><span>Digital modification & Fin-tech has altered the traditional banking industry. Online and mobile banking are becoming more preferable, allowing customers to access their accounts and conduct transactions from anywhere at any time. Artificial intelligence (AI) has changed the banking and financial industry. New financial companies such as fin-tech companies and digital banks, are challenging traditional banks by offering innovative products and services. </span></em><em><span>This paper makes an attempt to highlight the challenges faced by Banking and finance and suggests some possible measures for its growth. The study found that public sector banks are still behind the private sector banks in terms of modernization, overworked service offerings, lower profitability, loads of NPA. This study is based on secondary data. </span></em></p> |
| title | Digital Banking and Fin-Tech: Trends and Challenges |
| topic | Digital Banking, Innovation, Fin-tech, Banking, Finance, Artificial intelligence. |
| url | https://doi.org/10.5281/zenodo.15081061 |