Author: Karimova, Irodakhon Yusufjon kizi

Annotation: The article examines how the rapid evolution of financial technology (FinTech) is reshaping the global financial landscape, driving economic growth through enhanced efficiency, inclusivity, and innovation. FinTech encompasses a wide range of digital solutions, including robo-advisors, payment apps, peer-to-peer (P2P) lending, and blockchain technologies, which collectively improve financial services and expand market accessibility. By reducing barriers to entry, FinTech fosters financial inclusion, particularly in underserved regions, enabling individuals and businesses to participate in the formal economy. Additionally, its innovations optimize financial processes, mitigate risks, and reduce operational costs, bolstering the competitiveness of small and medium-sized enterprises (SMEs). However, the FinTech revolution also presents challenges, such as market concentration, regulatory gaps, and cybersecurity risks. Addressing these issues through robust digital infrastructure and regulatory frameworks is critical to maximizing FinTech's potential as a catalyst for sustainable, inclusive growth. This study highlights FinTech's transformative role in enhancing economic performance and advancing broader development goals.

Keywords: Fintech, robo-advisors, payment apps, peer-to-peer (P2P) lending apps, investment apps, and crypto apps, economic growth, financial performance

Pages in journal: 193 - 200