Research Study on impact of Fintech on Youngsters during COVID-19

Abstract

The phrase "Fintech" has been coined to describe the digitalization of the financial industry. Fintech is a term for the financial industry's use of cutting-edge technology, typically Internet-based. This term refers to contemporary technology that enables or provides financial services, such as e-commerce, mobile payments, early-stage crowd-based financing, or it can also be referred to as crowd funding and crowd investing. In its alternative sense, Fintech refers to the financial sector that uses technology to boost financial activity. Peer-to-peer (P2P) lending and other specific business models are not excluded from the term "Fintech," which nonetheless refers to all financial products and services that the financial industry has traditionally provided. Therefore, experts' definitions of fintech vary. FinTech Cooperation between India and Singapore: Opportunities and Challenges" India and Singapore are at the forefront of FinTech development. The highest global returns on investment are available in fintech from India. Singapore has a top-notch digital and physical infrastructure and has created a cuttingedge sandbox for testing new FinTech products. There is a lot of room for cooperation that will benefit both parties. There is a need for policy information sharing, consultations on data privacy, cyber security, and more when it comes to government cooperation. Through the use of a single account, interoperability enables seamless fund transfers between geographic regions.