Paper Title

Prospects and Challenges: Fintech and Big Data in The Indian Finance Industry

Article Identifiers

Registration ID: IJNRD_211550

Published ID: IJNRD2312317

DOI: http://doi.one/10.1729/Journal.37220

Authors

Archana Sarbhai , Dr. Vivek Khare

Keywords

FinTech, Big Data, India, Data Privacy, Indian financial landscape

Abstract

The Indian financial services sector is undergoing a significant transformation propelled by the convergence of Financial Technology (FinTech) and Big Data applications. This paper explores the prospects and challenges arising from this integration, focusing on its impact on decision-making, client experiences, and operational efficiency in various financial institutions. The management of sensitive consumer data, regulatory compliance, and cybersecurity concerns are critical issues addressed within this context. The paper delves into the growth of Big Data applications in India over the past decade, showcasing a substantial increase in adoption rates and revenue generation. Additionally, it investigates the evolving landscape of the FinTech sector, emphasizing its role in providing personalized and efficient financial services. The interplay of Big Data and FinTech is examined, highlighting their contributions to risk management, fraud detection, cost reduction, and improved decision-making processes. Despite the promising prospects, the paper acknowledges challenges such as data privacy, security risks, regulatory compliance, and the scarcity of qualified talent. It also explores the role of these technologies in promoting financial inclusion and transforming the customer experience. The study concludes by emphasizing the need for a balanced regulatory framework, addressing skill gaps, and ensuring accessibility to fully unlock the potential of Big Data and FinTech in the Indian financial landscape.

How To Cite (APA)

Archana Sarbhai & Dr. Vivek Khare (December-2023). Prospects and Challenges: Fintech and Big Data in The Indian Finance Industry. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 8(12), d155-d164. http://doi.one/10.1729/Journal.37220

Citation

Issue

Volume 8 Issue 12, December-2023

Pages : d155-d164

Other Publication Details

Paper Reg. ID: IJNRD_211550

Published Paper Id: IJNRD2312317

Downloads: 000122005

Research Area: Management

Country: Bhopal, Madhya pradesh, India

Published Paper PDF: https://ijnrd.org/papers/IJNRD2312317.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2312317

Crossref DOI: http://doi.one/10.1729/Journal.37220

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Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016

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Call For Paper - Volume 10 | Issue 10 | October 2025

IJNRD is a Scholarly Open Access, Peer-reviewed, and Refereed Journal with a High Impact Factor of 8.76 (calculated by Google Scholar & Semantic Scholar | AI-Powered Research Tool). It is a Multidisciplinary, Monthly, Low-Cost Journal that follows UGC CARE 2025 Peer-Reviewed Journal Policy norms, Scopus journal standards, and Transparent Peer Review practices to ensure quality and credibility. IJNRD provides indexing in all major databases & metadata repositories, a citation generator, and Digital Object Identifier (DOI) for every published article with full open-access visibility.

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Important Dates for Current issue

Paper Submission Open For: October 2025

Current Issue: Volume 10 | Issue 10 | October 2025

Impact Factor: 8.76

Last Date for Paper Submission: Till 31-Oct-2025

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