Incorporating Financial Technology in Economy: Fostering the Roots of Consumer Trust and Values

Delivering of financial services by using technology which is a faster way in comparison to traditional Methods. This is relatively a new term for India and many of its sub-continents Now investors can do their own R&D. They can easily know what is happening in stock markets returns from their portfolios in real time. The difference between visiting frequently for each work and the ability to pull up required information in no time on your handy phone or tablet is again a good example of FinTech. This word is the combination of two words finance and technology. Which has saved the lives of people, this is empowering the man power to take care of their financial responsibilities. For the application a greater financial literacy is required than ever before. Financial situation of consumers is in an advance zone now. Following study is concerned with the technicality, application, whereabouts, Pros and Cons of Fintech technology. This is becoming the root of economic growth by winning the trust of consumers. Its application in the international market is not new and now successfully it is capturing Indian Market as well.