Author(s):
1. Z. Haider:
Department of Computational Sciences, The University of Faisalabad,,Pakistan
2. M. R. Shahid:
Department of Computer Science, National Textile University, Pakistan.
3. S. Hafeez:
Department of Computer Science, National Textile University, Pakistan.
4. I. Akhtar:
Computer Science and IT Department, The Virtual University of Pakistan,,Pakistan
Abstract:
Financial Technology, which is named FinTech, is related to financial companies or firms that use innovative technologies to provide their services or products to customers efficiently and quickly. FinTech startups firms using digital technological methods to compete with traditional banking services also support finance industries that positively impact the country's economy. The finance sector, predicting that FinTech can be a well-known future technology for its users. The vital advantage of the financial industry is using FinTech that includes only technology-based innovations that are very supportive and familiar to the financial market. Blockchain technology has had a significant effect on the existence of FinTech. FinTech uses secure payment methods when a user makes a transaction from his account with the help of Blockchain technology. This paper investigates the importance, role, and existence of Financial Technologies by using Blockchain technology and provides an in-depth review of FinTech applications, integration, challenges, and future of FinTech using Blockchain. It will give an excellent opportunity to have wast knowledge for a new researcher.
Page(s):
40-45
DOI:
DOI not available
Published:
Journal: Technical Journal, Volume: 26, Issue: 4, Year: 2021
Keywords:
Challenges
,
Adoption
,
Integration
,
Blockchain
,
FinTech Role
,
FinTech
,
FinTech Importance
,
Future Technology
References:
References are not available for this document.
Citations
Citations are not available for this document.