Disruption of traditional banking by fintech: A review and financial analysis

This review paper examines the disruption of traditional banking by FinTech, analysing key factors driving this transformation and its implications for the financial services industry. It explores technological advancements, changing consumer behavior, regulatory dynamics, and investment trends shaping the landscape of FinTech and traditional banking. The financial analysis compares market share, growth trends, profitability, and efficiency metrics between traditional banks and FinTech firms. Furthermore, it discusses strategies for traditional banks to adapt and compete with FinTech firms. It offers predictions for the future of FinTech and traditional banking. This paper concludes that while FinTech disruption presents challenges for traditional banks, it also offers opportunities for innovation and growth in an increasingly digital and customer-centric environment.