Do Global FinTech Innovations Influence Emerging Markets? Evidence from KFTX and Nifty 50

Abstract

The financial sector has undergone a profound transformation since the advent of financial technology (FinTech), a term coined in 1990 that gained significant momentum in the late 2000s. Initially concentrated on backend operations of financial institutions, FinTech has evolved into a comprehensive ecosystem that encompasses banking, financial service providers, customers, startups, credit card agencies, and lending institutions. This technological revolution has fundamentally altered the landscape of the finance industry through innovative business models that prioritize both growth and sustainability (Zhang & Tong, 2023).