Fintech: an unrevealed threat to India
Keywords:
Fintech, Financial fraud, Digital fraud, Technological literacy, Cybersecurity awarenessAbstract
Fintech is a dynamic amalgamation of money and technology. We acknowledge the importance of both, since each is vital to our life. Fintech involves handling or managing money through a digital interface rather than using legal tender money. It evidently seems to be advantageous, as demonstrated in practical situations. Nonetheless, it is indisputable that the emergence of fintech in India has coincided with an increase in cybercrime rates. This study aims to identify the causal link between fintech and digital fraud, as well as the factors contributing to this association. We gathered primary data from 241 respondents, processed it using correlation and regression, and evaluated it using a two-tailed test and pearson coefficient test. The findings of this study may contribute to the mitigation of cyber fraud.
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