FinTech and the Level of Its Adoption in Different Countries Around the World

FinTech, or Financial Technology, refers to the use of modern technologies in the financial and banking sectors to improve and facilitate financial services. The adoption of this technology is rapidly increasing in many advanced societies. Investment in FinTech has surged in recent years, with key factors driving this growth including the rising demand for digital financial services, the rapid growth of the digital economy, the increasing popularity of blockchain technologies and cryptocurrencies, and, ultimately, supportive regulations for the FinTech industry. FinTech has expanded significantly in countries worldwide, especially in Asian nations and developing economies. In this study, we first provide an overview of FinTech, its objectives, and the necessary infrastructure for its implementation. We then briefly discuss the extent of its development and adoption in various countries, followed by a review of several studies conducted by researchers in the FinTech field. Finally, we conclude with a discussion of the challenges faced in the development and investment in FinTech.

کلیدواژه ها:

FinTech ، digital financial services ، digital economy growth ، blockchain technology ، cryptocurrencies