Adoption of Fintech Towards Asset and Wealth Management: Understanding the Recent Scenario in India

Alekha Chandra Panda (), Amitabh Patnaik, Avinash Pawar and Abhijeet Birari
Additional contact information
Alekha Chandra Panda: Dr. D Y Patil Institute of Management Studies
Amitabh Patnaik: Dr. D Y Patil Institute of Management Studies
Avinash Pawar: Dr. D Y Patil Institute of Management Studies
Abhijeet Birari: Christ University

Chapter Chapter 23 in Digital Economy Post COVID-19 Era, 2023, pp 357-367 from Springer

Abstract: Abstract The finance sector as a whole has seen a significant transformation as a result of technological advances, which has impacted how financial institutions function and how financial activities are carried out. Fintech is currently a facilitator and a disruptor. Today Fintech companies have the greatest influence on the wealth management industry financial technology, or Fintech, began with nimbler start-ups upending banks with their innovative methods, and later developed into the latter forging partnerships with banks to strengthen the whole financial services ecosystem. At the intersection of both money and technology, the term “wealthtech” was developed. Any digital solution designed to simplify wealth management procedures is referred to as “digital wealth management solutions.” The fintech sector, which also encompasses digital payments, regulatory technology, insurance technology, etc., includes wealthtech. Fintech in wealth management has created a paradigm change in the investing sector. Wealthtech's technology is disrupting the wealth management industry. This study analyses the recent development of the wealth management industry and financial investment in the digital Indian age.

Keywords: Innovation; Artificial intelligence; Fintech; Asset management; Wealth management (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-981-99-0197-5_23

Ordering information: This item can be ordered from
http://www.springer.com/9789819901975

DOI: 10.1007/978-981-99-0197-5_23

Access Statistics for this chapter

More chapters in Springer Proceedings in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().