Purpose: Purpose of this study is to span the gap in understanding that exists in the current literature with respect to FinTech. The gap is addressed specifically from the point of view of the modern management executive working in any field connected to FinTech. Design / Methodology/ Approach: In this paper, after applying relevant combinations of key words (viz. ‘FinTech’, ‘Fintech’, ‘FINTECH’, ‘benefits’, ‘challenges’, ‘definition’, ‘drivers’, ‘concept’, etc.) relevant & applicable research papers from peer reviewed journals, which were published in the time period from 2010 to 2021, were selected and reviewed to study the following aspects of FinTech;
- Need, origins & Development of Fintech
- Definitions of FinTech
- Driving Forces behind Fintech
- Challenges & benefits with respect to Fintech
Implications: This paper is an attempt to collate & present the relevant aspects of available literature on the topic in a comprehensive manner. This paper will contribute positively to the understanding of various aspects of FinTech. It is also expected that this paper will be found useful by students, academicians, and professionals, whether connected to the field or not. Keywords: FinTech, Financial Innovation, Driving Forces, Challenges, Opportunities, Concept.
