Fintech's Transformative Dynamics: Filling in the Blanks for Financial Inclusion

Abstract

This study examines how Fintech has revolutionised financial inclusion by charting its development and assessing its
wide-ranging effects. Fintech has changed the financial environment by expanding access to formal financial
services, from the early phases characterised by mobile banking to the emergence of decentralised finance. The
evaluation emphasises how beneficial it is for lowering transaction costs, promoting financial literacy, and
encouraging entrepreneurial activities. But there are issues that need to be carefully considered, such the digital gap
and data privacy concerns. Prospects for future innovation are emphasised in the areas of decentralised finance,
artificial intelligence, and sustainable finance.The study agenda is concentrated on handling ethical issues,
comprehending consumer behaviour, and negotiating regulatory complexity. In the end, Fintech has potential for
financial inclusion, provided that cooperative efforts are made to guarantee security, inclusiveness, and moral use of
technical innovations.