Thesis Abstract

Abstract
The banking and financial sector has witnessed significant transformations in recent years due to the rapid advancements in financial technology (fintech). This thesis explores the impact of fintech on traditional banking services, focusing on how emerging technologies are reshaping the industry landscape. The study investigates the challenges and opportunities faced by traditional banks in adapting to the digital disruptions brought about by fintech innovations. Through a comprehensive analysis of the current literature and empirical research, this thesis aims to provide insights into the various aspects of this dynamic relationship. Chapter One provides the groundwork for the study, starting with an introduction to the topic of fintech and traditional banking services. The Background of the study offers a historical overview of the evolution of fintech and its implications for the banking sector. The Problem Statement highlights the key issues addressed in the research, while the Objectives of the study outline the specific goals and aims. The Limitations of the study and Scope of the study define the boundaries and constraints within which the research is conducted. The Significance of the study emphasizes the relevance and contribution of the research to the existing body of knowledge. The Structure of the Thesis provides an overview of the organization and flow of the thesis, while the Definition of Terms clarifies key concepts and terminology used throughout the study. Chapter Two presents a comprehensive Literature Review that synthesizes existing research and scholarly articles on the impact of fintech on traditional banking services. The review covers ten key areas, including the evolution of fintech, disruptive technologies, digital banking trends, regulatory challenges, customer behavior shifts, competitive landscape changes, risk management considerations, fintech partnerships, and future prospects for the industry. Chapter Three outlines the Research Methodology employed in the study, detailing the research design, data collection methods, sampling techniques, data analysis procedures, and ethical considerations. The chapter also discusses the theoretical frameworks and models used to analyze the data and interpret the results. Chapter Four delves into the Discussion of Findings, presenting the results of the empirical research and analysis conducted in the study. The chapter explores the key findings, implications, and recommendations derived from the data analysis, shedding light on the impact of fintech on traditional banking services. Chapter Five serves as the Conclusion and Summary of the thesis, summarizing the key findings, implications, and contributions of the study. The chapter also discusses the practical implications of the research findings, offers recommendations for future research, and concludes with final remarks on the implications of fintech for the future of traditional banking services. In conclusion, this thesis contributes to the growing body of knowledge on the impact of fintech on traditional banking services, providing valuable insights for industry stakeholders, policymakers, researchers, and academics. The study highlights the transformative role of fintech in reshaping the banking sector and emphasizes the need for traditional banks to adapt and innovate in response to the evolving technological landscape.

Thesis Overview