The Evolution of Fin tech: Disruptive Technologies and Their Impact on Traditional Banking

Abstract

The rapid evolution of financial technology (fin tech) has led to transformative changes in the traditional banking sector. This paper explores the disruptive technologies driving fin tech advancements, including Blockchain, artificial intelligence, big data analytics, and mobile payments. By examining their impact on traditional banking practices, the paper highlights how these innovations challenge conventional financial services and introduce new opportunities for efficiency, security, and customer engagement. It also addresses the regulatory and operational challenges faced by traditional banks in adapting to these technological disruptions. Through a comprehensive analysis of case studies and current trends, this study provides insights into the future trajectory of fin tech and its implications for the global banking industry.