Fintech Revolution: Redefining Financial Access And Experience

Abstract

The purpose of this research is to describe the role of Fin-Tech in enhancing financial inclusion on public life, Small and Medium Enterprises (MSMEs) industry through accessibility and assistance. Fin-Tech services play a very important role in increasing regional and national economic growth. The rapid growth of Fin-Tech services financing business is currently an alternative that can be accessed by all levels of society through financial inclusion, which is one way to socialize the financial sector specially to facilitate financial access services for the public. Traditional services of financial sector took a turnaround with not just technology usage for operations but by a more specific one called financial technology. The development of software applications, platforms, and data processing techniques exclusively for offering financial services over internet to the customers is financial technology. Shortly, termed as Fin-Tech has been a flourishing popular area for start-ups. Digital literacy is about having knowledge on the application of consumer digital devices in day- day life, the number of customers who are having knowledge on computers, smart phones and with an ability of using them over internet is a key determinant for further growth of Fin-Tech industry. This research article focusing on identify the impact of Fin-Tech on public life. This article executed by use of survey method to collect opinions of public in Bangalore Mysore. The study found that Fin-Tech services placed very important role in transaction of day-to-day life of public.