THE OPPORTUNITIES OF FINANCIAL TECHNOLOGIES AND THE IMPORTANCE OF FINTECH

Abstract

Digital finance and fintech (financial technology) have revolutionized the financial sector in recent years. This article analyzes the impact of digital finance and fintech on financial markets, its opportunities and challenges. Digital finance and fintech technologies are transforming traditional financial services, creating wider opportunities for customers through digital payments, online banking, cryptocurrencies, peer-to-peer lending and other innovative services. The article analyzes the benefits that digital finance and fintech offer in the financial sector, including reducing costs, increasing service speed and expanding access. The article also discusses legal and regulatory barriers, security and privacy issues. This article provides scientific conclusions on the future development prospects of digital finance and fintech and their impact on the global financial system.