Abstract:
FinTech, a prominent technology that is quickly becoming integrated into
modern banking industry, In Sri Lanka, the majority of banks have begun to
incorporate FinTech into their current banking practices. Islamic banking and finance
started as a different financial system was established in Sri Lanka. The Islamic
banking sector is effectively growing, along with other conventional banks. Islamic
banking has recently experienced enormous expansion, which has greatly benefited
the partnership banking business. Numerous conventional banks offer separate
windows to start their operations in Islamic financing. Islamic banks and windows are
using more financial technology in conjunction with these initiatives for regular
transactions. The growth of Islamic banking has accelerated the development of
FinTech. Islamic banks are making a lot of technological advancements in order to
improve their banking services and draw in new clients. Three Islamic windows and
one full-fledged Islamic bank in Sri Lanka are examined in this study. These banks'
information suggests that FinTech adoption in their banks is still in its early stages. In
Sri Lanka's banking sector, it should develop and grow.
