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Abstract
The advent of technology has revolutionized the financial services sector, transforming the way financial institutions operate, interact with customers, and provide services. The fusion of technology and innovation in financial services has given birth to a plethora of innovative products, services, and business models that have disrupted the traditional financial landscape. This article explores the impact of technology and innovation on the financial services sector, highlighting the benefits, challenges, and future prospects.
References
BIS (2019). Fintech and the future of financial intermediation. Bank for International Settlements. 2. FSB (2020). FinTech and financial stability. Financial Stability Board. 3. GSMA (2020). The mobile economy 2020. GSM Association. 4. IMF (2020). Fintech and financial stability. International Monetary Fund. 5. KPMG (2020). Fintech industry report 2020. KPMG International. 6. OECD (2019). Bridging the digital divide. Organisation for Economic Co- operation and Development. 7. World Bank (2020). Remittance prices worldwide. World Bank Group.
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