 Fintech and Digital Transformation in the Era of Industry 5.0: Where Does Bhutan Stand?Khem Prasad Gautam and
Dhanapati Sharma
Post-Print from HAL Abstract: Financial technology has seen a remarkable transformation in recent years. Systems of payments, loans, insurance, and other financial services are all being reshaped by digital technology. However, although technology has improved the diversity, competitiveness, efficiency, and inclusion of financial services in many countries, others may be struggling to keep up, resulting in Fintech divides. This article compares state-of-the-art Fintech in transition from industry 4.0 to industry 5.0 to the current state of Fintech in Bhutan's financial service industry. In the article, we argued that although Bhutan's financial service industry has been experiencing digital revolutions in the areas of payment, borrowing, and capital markets in the recent past, it has a long way to go to meet the Fintech standard of Industry 5.0. This article also outlines the benefits that the country is experiencing due to recent growth in the use and development of Fintech, issues that hinder the financial industry in Fintech transformation, and the need for advancement and growth in Fintech to eliminate all odds. Date: 2022-05-02 Published in Asian Journal of Economics, Finance and Management , 2022, 4 (1), pp.330-336 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05149999 Access Statistics for this paper More papers in Post-Print from HAL |
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