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FinTech Frontier: Navigating the New Horizons and Challenges for Startups
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Author(s): Anju Rohilla (Department of Business Studies, PIET, India)and Priya Jindal (Chitkara Business School, Chitkara University, India)
Copyright: 2024
Pages: 21
Source title:
Business Drivers in Promoting Digital Detoxification
Source Author(s)/Editor(s): Simon Grima (Department of Insurance, Faculty of Economics Management and Accountancy, University of Malta, Msida, Malta & Faculty of Business, Management and Economics, University of Latvia, Riga, Latvia), Shilpa Chaudhary (Lovely Professional University, India), Kiran Sood (Chitkara Business School, Chitkara University, India & Research Fellow at the Women Researchers Council (WRC) at Azerbaijan State University of Economics (UNEC), Azerbaijan)and Sanjeev Kumar (Lovely Professional University, India)
DOI: 10.4018/979-8-3693-1107-3.ch009
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Abstract
The adoption of digitalization and favorable regulatory initiatives resulted in the rapid growth of the Fintech sector in recent years. There are limitless opportunities for the person with the right vision and executor plan in the fintech sector from digital payments and peer-to-peer lending to wealth management and insurance. This chapter aims to explore the fintech sector and examines the remarkable new opportunities and significant challenges that fintech firms face as they strive for innovation and expansion. The research aims to provide valuable insights into the factors that contribute to the success or hindrance of fintech startups. The findings of the study show that there is a wide range of potential opportunities available for fintech firms globally, in sectors including lending, wealth management, and digital payments.
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