Author(s)

Xin Liu

Affiliation(s)

Business School, Yangzhou University, Yangzhou 225127, China.

Corresponding Author

Xin Liu

ABSTRACT

This research explores the disruption caused by financial technology (FinTech) in traditional banking sectors, emphasizing the opportunities and challenges faced by financial institutions. The article analyses the evolution of FinTech, its impact on banking services, and the strategic responses of institutions. This highlights cases of successful adaptation and pitfalls encountered by banks in the face of rapid technological advancement. The paper concludes with recommendations for navigating the fintech landscape to ensure sustainable growth and relevance in the modern financial ecosystem.

KEYWORDS

FinTech; Traditional banking; Disruption; Opportunities and challenges; Financial institutions

CITE THIS PAPER

Xin Liu. Fintech disruption in traditional banking: opportunities and challenges for financial institutions. Trends in Social Sciences and Humanities Research. 2024, 2(8): 52-60. DOI: 10.61784/tsshr3081.

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