Changes and challenges of financial technology adoption in Banking Industry

The rapid advancement of financial technology (FinTech) has transformed the global banking industry, redefining the way financial services are delivered and consumed. This publication explores the major shifts driven by FinTech innovations such as mobile banking, artificial intelligence, blockchain, and digital payment platforms. While these technologies offer enhanced efficiency, customer experience, and financial inclusion, they also introduce significant challenges. Key concerns include cybersecurity threats, data privacy issues, regulatory compliance, and the complexities of integrating legacy systems with modern technologies.Through a combination of industry analysis, case studies, and expert insights, this work examines how banks are responding to these disruptions and adapting their strategies to stay competitive. It also highlights the role of regulatory bodies, customer trust, and digital infrastructure in shaping the success of FinTech adoption. This publication is essential reading for banking professionals, policymakers, FinTech innovators, and researchers interested in the evolving intersection of finance and technology.