Overriding FINTECH

Kalra, D (2019) Overriding FINTECH. In: 2019 International Conference on Digitization (ICD), 18-19 November 2019, Sharjah, United Arab Emirates.

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Finance & technology have been coexisting during the evolution of modern society and this coexistence was mainly restricted to collection and payment of taxes in the form of coins and paper money, managing government finances, and agricultural production. The term FinTech emerged in 1972, as an acronym of Financial Technologies, is often described as amalgamation of financial services using technological evolutions, and its usage was earlier limited to banking sector deploying modern management Science and Computers (Bettinger, 1972, p.62). Fintech was mainly restricted to back-office processes of banks leveraging software and applications to manage customer accounts and their transactions in a secured, centralized, and efficient way. Micu (2016), referred Fintech as a new paradigm of technology to facilitate business, international trade, and services offered to retail consumers. Schueffel (2016) conceptualized FinTech as a technological encapsulation of Financial Sector rather than a technology. Smartphones with high speed Internet has triggered the growth of Fintech through customer facing apps. Takahashi (2018), predicted that global smartphone usage will surpass 3.8 billion by the end of year 2021, accounting for 48% of the global population. The evolution and future of FinTech can be analyzed from the glasses of historical dissection, in accordance to following versions.

Affiliation: Skyline University College
SUC Author(s): Kalra, D
All Author(s): Kalra, D
Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: FinTech, Blockchain, digital wallet
Subjects: B Information Technology > BS Blockchain
Divisions: Skyline University College > School of IT
Depositing User: Mr Veeramani Rasu
Date Deposited: 28 Nov 2021 09:12
Last Modified: 28 Nov 2021 09:12
URI: https://research.skylineuniversity.ac.ae/id/eprint/56
Publisher URL: https://doi.org/10.1109/ICD47981.2019.9105915
Publisher OA policy:
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