Fintech and Digital Transformation in the Era of Industry 5.0: Where Does Bhutan Stand? | Asian ....

In recent years, financial technology has seen a significant revolution. Digital technology is reshaping payment systems, lending, insurance, and other financial services. While technology has boosted the diversity, competitiveness, efficiency, and inclusion of financial services in many nations, others may be falling behind, resulting in Fintech divides. The current condition of Fintech in Bhutan's financial service business is compared to state-of-the-art Fintech in transition from industry 4.0 to industry 5.0. We stated in the paper that, despite recent digital revolutions in the fields of payment, borrowing, and capital markets, Bhutan's financial service industry still has a long way to go to satisfy the Fintech standard of Industry 5.0. This article also discusses the advantages that the country is enjoying as a result of recent increase in the use and development of Fintech, challenges that are impeding the financial industry's Fintech transformation, and the need for Fintech advancement and growth to overcome all odds.

Please see the link :- https://globalpresshub.com/index.php/AJEFM/article/view/1587