FinTech Revolution and Future of Sustainable Banking: Opportunities and Risks Analysis


  • Shilpi Singhvi Research Scholar, Sir Padampat Singhania University, Udaipur
  • Dr. Manish Dadhich Associate Professor, Sir Padampat Singhania University, Udaipur



FinTech revolution, Digital Risk, Fintech Opportunities, Sustainable Banking (SB), Blockchain


The FinTech revolution has disrupted the traditional banking industry, creating new opportunities for innovation and growth. The integration of FinTech has the potential to drive positive social and environmental impact in the banking industry, contributing to the achievement of sustainability goals globally. However, this revolution also poses significant risks, including cybersecurity threats, data privacy concerns, limited regulatory oversight, limited access to capital, and the risk of exacerbating inequalities. This paper analyzes the opportunities and risks associated with the FinTech revolution and the future of sustainable banking. It highlights the importance of leveraging innovation to create more sustainable and equitable financial systems while prioritizing cybersecurity, data privacy, and regulatory compliance. It also emphasizes the need to promote financial inclusion and responsible investment and to integrate ESG considerations into risk management strategies. The paper delineated the FinTech revolution, and the future of sustainable banking represents a critical opportunity for the banking industry to contribute to sustainability goals and create a more equitable and sustainable financial system for the future.


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Author Biographies

Shilpi Singhvi, Research Scholar, Sir Padampat Singhania University, Udaipur

Shilpi Singhvi received her Bachelor of Commerce and Master of Commerce degree from Jai Narayan Vyas University, Jodhpur, Rajasthan India. She is pursuing in PhD (Management) from Sir Padampat Singhania University, Udaipur, Rajasthan, Jodhpur. She has qualified UGC NET. Also, she is CA Final (1st group) clear and IBDP (Business Management) Certified. She has a teaching experience of 8 years of teaching CA & ACCA students.

Dr. Manish Dadhich, Associate Professor, Sir Padampat Singhania University, Udaipur

Dr Manish Dadhich is Ph.D. from the Department of Commerce, EAFM, University of Rajasthan, M.Com, UGC-NET (Commerce); MBA, UGC-NET (Management), RPSC-SET (Management). He has 14+ years of teaching experience in various colleges, universities, and corporate sectors, a rare blend of academia, industry, corporate consultancy, and research. He is presently working as an Associate Professor at School of Management, Sir Padampat Singhania University, Udaipur. He has published over 80 research papers in reputed international & national journals, including 25 papers in Scopus/SCI/IEEE/ABDC/WoS. He also presented more than 58 research papers at national and international conferences. He is a reviewer, advisor, and editorial board member of various reputed International Journals and Conferences of IEEE, Springer, and Elsevier. He was awarded two gold medals in the National Conference for the best research paper. He authored one textbook and two edited books. He is a regular invitee for FDP, research workshops, orientation, and refresher course lectures. He was also awarded one Australian patent and published one Indian patent. Further, his major research focuses on Finance, Banking, AI-ML, FinTech, Econometrics, and Statistics.


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How to Cite

Singhvi, S., and M. Dadhich. “FinTech Revolution and Future of Sustainable Banking: Opportunities and Risks Analysis”. International Journal of Management and Development Studies, vol. 12, no. 04, Apr. 2023, pp. 12-21, doi:10.53983/ijmds.v12n04.003.