Role Of Fintech’s In Shaping Personal Finance And Sustainable Growth

Abstract

This paper explores how fintech is revolutionising personal finance. It examines how mobile banking, digital wallets, and online platforms are changing people's spending, saving, and investing behaviours after outlining the major technological developments driving the growth of fintech. A focus is on democratising access, especially for marginalised populations. It examines how technologies like budgeting applications and robo-advisors affect financial decision-making, showcasing both the advantages and disadvantages of navigating this digital age. With an eye towards the future, the study seeks to provide individuals, industry participants, and policymakers with knowledge about probable trends and outcomes of this changing landscape. This paper investigates on demographical conditions, services provided by fintech companies and different reasons for using fintech products and services.