Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
Series Vol. 52 , 01 December 2023
Open
Access | Article
The Impact of the Development of Financial Technology on the Banking Industry
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Abstract
With the rapid development of technology, financial technology (FinTech) is increasingly becoming a powerful driving force in the global financial sector. This paper aims to deeply discuss and study the impact of FinTech on the traditional banking industry, as well as the future trends and risks of the integration of the two. Through the method of combining literature review and case analysis, using data comparative analysis, this paper expounds three parts: the overview of FinTech the impact of FinTech on the business model of traditional banks, and the integration and development of fintech and traditional banks. Through analysis and research, this paper finds that FinTech has a continuous, relatively negative and disruptive impact on many aspects of traditional banking business in recent years, and the strategic trend of the future development of the two has a variety of possibilities as well as risks.
Keywords
financial technology, banking industry, business, risk
References
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
- ISBN (Print)
- 978-1-83558-151-3
- ISBN (Online)
- 978-1-83558-152-0
- Published Date
- 01 December 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/52/20230702
- Copyright
- 01 December 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited