International Research Journal of Education and Technology

The financial services sector plays a pivotal role in driving business growth and economic development. Financial services, encompassing banking, insurance, investments, and lending, facilitate money management and promote economic growth, stability, and prosperity. Effective money management requires specialized financial knowledge and expertise, necessitating financial services providers to navigate functions such as procuring finance, allocating resources, managing risk, facilitating transactions, and maintaining accurate records.

The financial services sector can be classified into three primary categories: retail, wholesale, and investment financial services. Given the sensitive nature of financial information, caution and vigilance are essential.

The advent of Financial Technology (FinTech) has revolutionized the sector, transforming financial services delivery and consumption. The study provides a comprehensive overview of FinTech's transformative role in the financial services sector. It offers insights into FinTech cloud platform adoption's impact, benefits, and challenges, highlighting its potential to drive innovation, efficiency, and growth.

Key Words:  Financial Services- FinTech- Digital Transformation- Regulatory Compliance- Customer-

Centric Approaches- Financial Inclusion- Cloud Computing