Fintech Innovation’s Transformative Role in Banking

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Fintech Innovation’s Transformative Role in Banking

INNOVATION, ENTERPRISE AND SOCIETY ESSAY OPTION ONE

INNOVATION, ENTERPRISE AND SOCIETY: ESSAY OPTION ONE

Student’s Name

Institution

Due Date

Introduction

The banking sector is one that is very interesting to me because of my background in accounting and applied finance. I intend to pursue a career in banking, particularly in the financial technology (Fintech) sub-sector. The traditional banking structure and system is changing rapidly with the developments made by fintechs and other technological improvements to the way people perceive and use banks (Chen, Wu, & Yang, 2019). Today, the banking world no longer uses the term fintech as a jargon specific to a few professionals, rather, it is a familiar term that signifies the revolution and its impact on financial and banking…