ROLE OF FINTECH IN REDUCING WEALTH INEQUALITY

Wealth inequality remains a persistent global challenge, disproportionately affecting marginalized populations with limited a ccess to traditional financial services.This paper examines the transformative potential of Financial Technology (FinTech) in addressing wealth disparities by promoting financial inclusion, enhancing access to credit, reducing transaction costs, and enabling wealth creation opportunities.Through a review of existing literature, case studies, and empirical data, the study explores how digital platforms, mobile banking, peer-to-peer lending, and blockchain-based solutions have disrupted conventional financial models, democratizing access to financial resources.The findings suggest that FinTech can serve as a powerful tool in narrowing the wealth gap, particularly in underserved regions, when complemented by supportive regulatory frameworks and digital literacy initiatives.