ISSN 2394-5125
 

Research Article 


FinTech- An inclusive technological framework for the Indian Financial Ecosystem

Ram Kumar Dwivedi.

Abstract
Over recent years, the influence of technology in offering financial services has growntremendously. The latest technologies are consistently improving almost all the services that the Finance Industry can offer. In this paper, author has analyzed FinTech in the Indian Financial Ecosystem (IFES), emphasizing the social, economic, technical, and regulatory drivers which have allowed FinTech to be one of the indispensable components of the Financial Framework in India. Then author stressed upon the popular and necessary notion of "Financial Inclusion" throughout our discussions, especially relating it with the current trends and practices under the IFES. Along with the drivers,authorfocused on the various components of FinTech applications, their scope, and potential under the IFES. Simultaneously, then significant attention to the role of regulatory bodies and policymakers in developing the Financial Ecosystem of emergingeconomies like India has been given.In this regard, author has discussed multiple schemes and policies which affect the FinTech status of India in a positive light. A compact review of two of the latest emerging technological domains in FinTech, viz., Blockchain, and Artificial Intelligence and how they are transforming the IFES has also been provided.

Key words: Financial Technology, FinTech, Financial Ecosystem, FinTech drivers, Financial Inclusion, Regulatory Sandbox, Blockchain &Artificial Intelligence.


 
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Pubmed Style

Ram Kumar Dwivedi. FinTech- An inclusive technological framework for the Indian Financial Ecosystem. JCR. 2020; 7(19): 3675-3683. doi:10.31838/jcr.07.19.438


Web Style

Ram Kumar Dwivedi. FinTech- An inclusive technological framework for the Indian Financial Ecosystem. http://www.jcreview.com/?mno=124706 [Access: September 15, 2020]. doi:10.31838/jcr.07.19.438


AMA (American Medical Association) Style

Ram Kumar Dwivedi. FinTech- An inclusive technological framework for the Indian Financial Ecosystem. JCR. 2020; 7(19): 3675-3683. doi:10.31838/jcr.07.19.438



Vancouver/ICMJE Style

Ram Kumar Dwivedi. FinTech- An inclusive technological framework for the Indian Financial Ecosystem. JCR. (2020), [cited September 15, 2020]; 7(19): 3675-3683. doi:10.31838/jcr.07.19.438



Harvard Style

Ram Kumar Dwivedi (2020) FinTech- An inclusive technological framework for the Indian Financial Ecosystem. JCR, 7 (19), 3675-3683. doi:10.31838/jcr.07.19.438



Turabian Style

Ram Kumar Dwivedi. 2020. FinTech- An inclusive technological framework for the Indian Financial Ecosystem. Journal of Critical Reviews, 7 (19), 3675-3683. doi:10.31838/jcr.07.19.438



Chicago Style

Ram Kumar Dwivedi. "FinTech- An inclusive technological framework for the Indian Financial Ecosystem." Journal of Critical Reviews 7 (2020), 3675-3683. doi:10.31838/jcr.07.19.438



MLA (The Modern Language Association) Style

Ram Kumar Dwivedi. "FinTech- An inclusive technological framework for the Indian Financial Ecosystem." Journal of Critical Reviews 7.19 (2020), 3675-3683. Print. doi:10.31838/jcr.07.19.438



APA (American Psychological Association) Style

Ram Kumar Dwivedi (2020) FinTech- An inclusive technological framework for the Indian Financial Ecosystem. Journal of Critical Reviews, 7 (19), 3675-3683. doi:10.31838/jcr.07.19.438