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Fintech Innovations and Financial Resilience: A Framework for Crisis Management

Book Title: Multidisciplinary Research Nexus: Ideas for the Modern World

Chief Editors:  Mr. Irshadullah Asim Mohammed, Dr. Yogesh Mohan Gosavi, and Prof. (Dr.) Vineeta Kaur Saluja

Associate Editor: Mrs. Sruthi S

Co-Editors: Dr. S. Rajeswari, Dr. Nikhil Saini, and Ms. Atreyee Banerjee

ISBN:  978-81-985805-1-1

Chapter: 5

DOI: https://doi.org/10.59646/mrnc5/321

Author: Arun Adwani

Abstract

The intersection of financial technology (FinTech) and financial resilience has gained significant attention, particularly in the context of economic crises. FinTech innovations, including digital banking, blockchain, artificial intelligence-driven risk assessment, and decentralized finance, have transformed traditional financial systems, enhancing their capacity to withstand disruptions. This paper presents a comprehensive framework that highlights the role of FinTech in crisis management by improving financial stability, accessibility, and adaptability. The framework categorizes FinTech contributions into three key areas: risk mitigation, financial inclusion, and real-time decision-making. By leveraging big data analytics, predictive modeling, and automated financial services, FinTech solutions can facilitate early detection of financial vulnerabilities and enhance response mechanisms during crises. Additionally, the role of regulatory frameworks and cybersecurity measures in ensuring the sustainable integration of FinTech innovations is explored. The study emphasizes the importance of collaboration between financial institutions, policymakers, and technology providers to build a resilient financial ecosystem. Ultimately, the research provides insights into how FinTech can act as a catalyst for financial stability in the face of economic disruptions, offering a roadmap for policymakers and industry stakeholders to enhance crisis preparedness and response strategies.

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