Emerging_Trends_in_FinTech_ENGINEERING_ECONOMICS.pptx

Emerging_Trends_in_FinTech_ENGINEERING_ECONOMICS.pptx

1. Emerging Trends in Financial Technology (FinTech) and Their Impact on Business Presented by: Pranavkrishnan S – 22EER072 Suhash C – 22EER097 Department of EEE Kongu Engineering College

2. Introduction to FinTech • FinTech = Financial Technology → integration of finance and digital innovation. • Involves use of AI, blockchain, IoT, and data analytics. • Enables faster, safer, and more convenient financial services.

3. Key Areas of FinTech • Digital Payments & Wallets (UPI, Paytm, Google Pay) • Blockchain & Cryptocurrencies • Robo-Advisory & Wealth Management • InsurTech (Insurance Technology) • RegTech (Regulatory Technology)

4. Emerging Trends • Artificial Intelligence & Machine Learning for fraud detection and personalization. • Blockchain for secure, transparent transactions. • Open Banking for data sharing across banks and apps. • Embedded Finance – integrating financial services into non-financial platforms. • BNPL (Buy Now, Pay Later) services.

5. Impact on Businesses • Streamlined operations and lower transaction costs. • Better customer experience through personalization. • Real-time analytics for decision-making. • Greater financial inclusion and new business models.

6. Challenges in FinTech • Cybersecurity and data privacy concerns. • Regulatory and compliance issues. • Integration with traditional banking systems. • Customer trust and technology awareness.

7. Future Scope • Rise of Central Bank Digital Currencies (CBDCs). • Growth in AI-driven financial analytics. • Expansion of FinTech in rural and global markets. • Collaboration between banks and FinTech startups.

8. Conclusion • FinTech is revolutionizing financial services globally. • Enhances accessibility, efficiency, and innovation in business. • Balancing innovation with regulation ensures sustainable growth.