The Impact of Fintech on Traditional Financial Banking in West Africa

Fintech, the convergence of finance and technology, has emerged as a transformative force reshaping the global financial landscape. While its influence is evident across the world, its impact on traditional financial systems in less developed countries remains a subject of exploration and analysis....

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Bibliographic Details
Published inInternational Journal of Scientific Research and Management (IJSRM) Vol. 12; no. 3; pp. 6238 - 6244
Main Author Boubacar Emine Dahi, Mohamed
Format Journal Article
LanguageEnglish
Published 28.03.2024
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Summary:Fintech, the convergence of finance and technology, has emerged as a transformative force reshaping the global financial landscape. While its influence is evident across the world, its impact on traditional financial systems in less developed countries remains a subject of exploration and analysis. This paper aims to investigate the multifaceted effects of fintech on traditional financial systems in less developed countries, examining both the opportunities and challenges it presents. Through an examination of various case studies and empirical evidence, this paper seeks to provide insights into the evolving dynamics of financial inclusion, innovation, regulation, and economic growth spurred by fintech in less developed countries.
ISSN:2321-3418
2321-3418
DOI:10.18535/ijsrm/v12i03.em23