Role of Fintech in Transforming India’s BFSI Sector and Women's Participation

Abstract

Technological advancements within the BFSI Sector are strategically aimed at providing an elevated and more satisfying user experience for customers globally. This objective is central to the progress of financial technology (Fintech), which undergoes close monitoring and scrutiny. In India, there has been a notable acceleration in the evolution of digital finance, especially following the significant event of the 2016 demonetization of banknotes. This transformative period has led to rapid changes and an increased reliance on digital financial solutions. Sub-technologies within the Fintech landscape play pivotal roles, suggesting a growth trajectory poised to outrun traditional financial models in the coming years. This study comprehensively reviews recent trends within the Indian economy, emphasizing Fintech's profound impact. It also explores the contributions of women in leadership, technical, and managerial positions to India’s Fintech growth.