Integration of Blockchain and Fintech in Revolutionizing ‎The Indian Banking Sector: A Data-Driven Study

Authors

  • Aditee Huparikar Shah Assistant Professor, Indira College of Engineering and Management, Pune
  • Dr. Namita Chawla Assistant Professor, MCA, PCET's Pimpri Chinchwad University, Pune
  • Monalisa Bhinge Assistant Professor, Sinhgad Institute of Management, Pune
  • Dr. Anagha Bhope Associate Professor, Indira University, Pune
  • Dr. Prajakta B. Deshmukh Assistant Professor, MBA Programme, SPPU, Sub Centre Nashik
  • Ashok Deokar Assistant Professor, MIT World Peace University, Department of Computer Science and Applications‎, Pune
  • Mrs. Aditi Adeep Bhojne Assistant Professor, Balaji Institute of Management & Human Resource Development, Sri Balaji University‎, Pune

DOI:

https://doi.org/10.14419/e0nczj28

Published

03-10-2025

Keywords:

Blockchain; FinTech; Indian Banking Sector; Digital Transformation; Financial ‎Technology; Distributed Ledger

Abstract

The integration of FinTech solutions with Blockchain technology has transformed the Indian ‎banking sector, improving operational efficiency, security, and customer experience. This study ‎examines the perspectives, cognizance, and preparedness of stakeholders with respect to the ‎integration of blockchain and fintech into banking services. A structured survey using a ‎questionnaire was conducted with 230 participants, including customers, professionals, and ‎banking employees. The analysis assessed the effects of technological integration on ‎transparency, cost-efficiency, transaction speed, and trustworthiness in banking services. The ‎findings demonstrate a significant positive disposition towards the integration of Blockchain and ‎FinTech, with primary obstacles recognized as insufficient awareness, inadequate infrastructure, ‎and unclear regulations. The research provides valuable insights for policymakers, financial ‎institutions, and FinTech startups to jointly promote the transformation of digital banking in ‎India‎.

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How to Cite

Shah , A. H. ., Chawla , D. N. ., Bhinge , M. ., Bhope , D. A. ., Deshmukh , D. P. B. ., Deokar , A. ., & Bhojne , M. A. A. . (2025). Integration of Blockchain and Fintech in Revolutionizing ‎The Indian Banking Sector: A Data-Driven Study. International Journal of Accounting and Economics Studies, 12(6), 110-118. https://doi.org/10.14419/e0nczj28

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