FINANCIAL TECHNOLOGY AND ANALYTICS | UNIT 2 | ONE SHOT | BCOM/BBA | DU/SOL/REGULAR/NCWEB скачать в хорошем качестве

FINANCIAL TECHNOLOGY AND ANALYTICS | UNIT 2 | ONE SHOT | BCOM/BBA | DU/SOL/REGULAR/NCWEB

TELEGRAM : t.me/idea_infusion . 📚 FINANCIAL TECHNOLOGY AND ANALYTICS | UNIT 2 | ONE SHOT | SEM 8 BCOM / BBA | DU / SOL / REGULAR / NCWEB | COMPLETE EXAM PREPARATION Welcome to this Complete One Shot Lecture on Financial Technology and Analytics – Unit 2, specially created for Semester 8 students of B.Com and BBA from Delhi University (DU), School of Open Learning (SOL), Regular Colleges, and NCWEB. This lecture explains the complete Unit 2 syllabus in a simple, structured, and exam-oriented way, helping students prepare effectively for university exams, internal assessments, assignments, and viva examinations. Financial Technology (FinTech) has transformed the financial services industry by introducing digital innovations, automation, data analytics, and advanced technologies. Unit 2 focuses on payments, digital banking, and financial innovations, which are key components of the modern financial ecosystem. This one-shot lecture helps students understand important concepts quickly and revise the entire unit efficiently before exams. 🎯 WHAT YOU WILL LEARN IN UNIT 2 Unit 2 mainly focuses on digital payments, financial innovations, and new technology-driven financial services. These concepts are explained in easy language so that students can understand them clearly and write effective answers in exams. 🔹 1. Digital Payments and Payment Systems Digital payments refer to electronic transactions made without using physical cash. With the advancement of technology, digital payment systems have become fast, secure, and convenient. Types of Digital Payment Systems • Mobile wallets • Internet banking • Credit and debit cards • Unified Payment Interface (UPI) • Contactless payments Digital payment systems allow users to transfer money instantly from one account to another using digital devices. Advantages of Digital Payments • Faster transactions • Reduced cash handling • Greater convenience • Improved transaction tracking • Increased financial transparency These systems are widely used by individual consumers, businesses, and financial institutions. 🔹 2. Mobile Banking and Internet Banking Mobile banking and internet banking have revolutionized the way people access financial services. Mobile Banking Mobile banking allows customers to perform banking activities through mobile applications. Examples of services provided through mobile banking include: • Fund transfers • Balance inquiry • Bill payments • Loan applications • Investment services Internet Banking Internet banking allows users to access banking services through web-based platforms using computers or mobile devices. Benefits include: • 24/7 banking access • Faster transactions • Reduced paperwork • Convenient account management These services significantly improve customer experience and banking efficiency. 🔹 3. Digital Wallets and E-Wallets Digital wallets, also known as e-wallets, are electronic applications that allow users to store money digitally and make online payments. Features of Digital Wallets • Store digital money securely • Make quick payments • Transfer money to other users • Pay for online shopping and services Digital wallets are widely used for online transactions, bill payments, and mobile recharges. They provide a cashless and convenient payment experience. 🔹 4. Peer-to-Peer (P2P) Lending Peer-to-peer lending is an innovative financial service that connects borrowers directly with lenders through online platforms. Unlike traditional banking, P2P lending eliminates the need for financial intermediaries. Benefits of P2P Lending • Faster loan approval • Lower transaction costs • Access to credit for individuals and small businesses • Higher returns for investors This model has gained popularity in recent years due to its efficient and technology-driven approach to lending. 🔹 5. Crowdfunding Crowdfunding is a method of raising funds from a large number of individuals through online platforms. It is commonly used by startups, entrepreneurs, and social organizations. Types of Crowdfunding Donation-Based Crowdfunding People contribute money without expecting financial returns. Reward-Based Crowdfunding Contributors receive rewards such as products or services. Equity Crowdfunding Investors receive ownership shares in the company. Debt Crowdfunding Funds are provided as loans that must be repaid with interest. Crowdfunding platforms help entrepreneurs raise capital quickly and reach a large number of investors. 🔹 6. Financial Inclusion Through FinTech Financial inclusion refers to providing access to financial services to individuals and businesses who previously had limited or no access to banking systems. Financial Technology and Analytics Unit 2 FinTech Payments System Explained Digital Payments FinTech Mobile Banking and Internet Banking E-Wallets Digital Wallets Peer to Peer Lending Explained Crowdfunding FinTech FinTech BCom Semester 8 FinTech BBA Semester 8