Fintech Innovations and Their Impact on the Future of Digital Banking

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Soumya Jyoti Pratihari

Abstract

Fintech innovations have transformed the digital banking landscape, redefining how financial services are accessed and delivered. The integration of artificial intelligence (AI), blockchain, big data analytics, and open banking has enhanced efficiency, security, and customer experience. Fintech-driven solutions, including mobile banking, digital wallets, and decentralized finance (DeFi), have significantly disrupted traditional banking models. This paper explores the key technological advancements in fintech and their implications for the future of digital banking. It also highlights challenges such as cybersecurity risks, regulatory concerns, and the digital divide. By examining current trends and future prospects, this study underscores the necessity for banks to embrace fintech to remain competitive in the evolving financial ecosystem.

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How to Cite
Pratihari, S. J. (2025). Fintech Innovations and Their Impact on the Future of Digital Banking. Pioneer Research Journal of Computing Science, 2(1), 31–39. Retrieved from http://prjcs.com/index.php/prjcs/article/view/58

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