A STUDY ON IMPACT OF FINTECH ON TRADITIONAL FINANCE

The rise of financial technology (Fintech) has transformed the traditional financial sector, making financial services more accessible, efficient, and user-friendly. This review examines existing research on the impact of Fintech, focusing on its growing role in digital payments, online banking, robo-advisors, and blockchain-based transactions. With increasing familiarity and frequent use of Fintech, consumers benefit from faster transactions, lower costs, and greater financial inclusion. Trust in modern technology has grown as security measures improve, yet concerns about data privacy and regulatory oversight remain. Fintech’s accessibility empowers individuals across all demographics, bridging gaps that traditional finance often struggles to address. As Fintech continues to evolve, traditional financial institutions must adapt to maintain relevance in a rapidly digitizing economy.The present study aims to study the impact of fintech on traditional finance. For this research, data was collected through primary and secondary source. Primary data was collected by filling questionnaire from the respondents of Ulhasnagar city and the sample size of 100 respondents were taken into consideration. Chi square method for hypothesis testing was used for data analysis and interpretation. Result of hypothesis testing from the Chi-Square test concluded that, there is statistically no significant difference between age and gender. So the null hypothesis is accepted.