Introduction to Fintech in Industry 5.0: Companion or Antagonist

Abstract

The purpose of this introductory chapter is to sail through the financial technology (Fintech) that will be discussed in the rest of the book. The primary objective is to provide a glimpse of the overall global disruption that the advancement of Fintech companies is causing. Think back for a moment to the twentieth century, and you will be amazed by the innovations witnessed in the past few decades. The advancements in technology, globalization, and digitalization are all unsung heroes behind our lifestyle today. When was the last time you visited a bank to deposit or borrow funds? Maybe a month, quarter, or year ago?

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