Financial Technology and Innovation: Transforming the Global Financial Ecosystem

Abstract

Monetary technology (FinTech) represents the integration of era into financial services to enhance performance, accessibility, transparency, and purchaser revel in. over the last decade, FinTech has disrupted conventional banking structures, charge mechanisms, investment control, insurance, and lending practices. innovations along with blockchain, synthetic intelligence (AI), digital payments, peer-to-peer lending, and decentralized finance (DeFi) have reshaped the monetary panorama. This paper explores the evolution of FinTech, key technological improvements, economic and regulatory implications, dangers and challenges, and destiny potentialities. The study concludes that whilst FinTech fosters financial inclusion and operational efficiency, it also introduces regulatory, cybersecurity, and systemic dangers that require coordinated global governance frameworks.