Conference Papers
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Item FinTech Revolution in Bharat(Springer Science and Business Media Deutschland GmbH, 2024) Doddamani, S.S.; Bhowmik, B.Due to rapid advancements in technology, the financial sector has experienced significant changes in the last few decades. In particular, financial technology (FinTech) has revolutionized the financial services industry, reshaping customer experiences and transforming conventional banking practices. FinTech had a substantial positive impact on the growth of several economies worldwide, and Bharat (India) is at the forefront of this drive. This study explores the advancements of FinTech in Bharat and the role of the public and private sectors in realizing its full potential. The cutting edge technologies like UPI and India Stack and their economic impacts are discussed. The study also focuses on how government initiatives and FinTech disruptors are instrumental in expanding financial inclusion in the country. Furthermore, it delves into the challenges FinTechs face today and provides insights into the evolving solutions to address the key issues. © The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2024.Item Historical Analysis of Financial Fraud and Its Future(Springer Science and Business Media Deutschland GmbH, 2024) Girish, K.K.; Bhowmik, B.As the world is sailing toward a highly advanced digital financial culture with the advent of financial technologies (FinTech), more and more people are now under the shore of financial inclusion. Subsequently, new opportunities are created in the financial sector, making it possible for people who were previously unbanked or underbanked to access financial services. However, the rise in financial fraud and its potential implications are creating a rift in the financial sector, resulting in substantial economic losses across the globe. This paper provides an in-depth comprehension of financial fraud, encompassing its historical perspectives and ramifications. After that, factors contributing to fraudulent behavior are highlighted. In addition, the paper presents a comprehensive framework for fraud classification and accentuates the impacts of financial fraud. Furthermore, the paper underscores the aspects influencing future occurrences of financial fraud, enabling the formulation of proactive strategies to prevent and mitigate it. © The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2024.