Fintech as Disruptors and Empowering Financial Industry

Nafis Alam, Lokesh Gupta and Abdolhossein Zameni
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Lokesh Gupta: RM Applications
Abdolhossein Zameni: University of Reading Malaysia

Chapter Chapter 3 in Fintech and Islamic Finance, 2019, pp 37-62 from Springer

Abstract: Abstract Over the past few years, fintech companies have meaningfully disrupted the financial services landscape and have empowered the financial industry by leveraging on cutting-edge technologies, data science and connectivity that have altered the traditional way of financial transactions and have also introduced entirely new financial products and services which are accessible almost to everyone around the globe. In view of this, big data analytics can help firms to better understand the information contained within the data which will help identify data that is most important to the businesses and future business decisions. This chapter focuses on how fintech is both empowering and disrupting the financial industry and what are the opportunities for the incumbents.

Date: 2019
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DOI: 10.1007/978-3-030-24666-2_3

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