FINTECH

FINTECH AND IT’S IMPACT ON TRADITIONAL ACCOUNTING

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Abstract
In the ever-evolving landscape of financial technology (Fintech), Nigeria has witnessed significant changes in traditional accounting practices over the past two decades (Arner, 2015). From the early 2000s to the present day, Fintech has reshaped the roles of accounting professionals, transformed organizational structures, and influenced regulatory frameworks. In this article, we delve into the fascinating journey of Fintech’s integration into Nigeria’s financial processes. Financial Technology (FinTech) is a term used to describe new technology that seeks to improve and automate the delivery and use of financial services. The term FinTech can be traced back to the early 1990s (Arner, 2015). In recent years, the financial landscape has undergone a profound transformation, driven by the rapid evolution of Financial Technology, commonly known as Fintech. This study delves into the dynamic interplay between Fintech innovations and the established practices of accounting within the Nigerian context, seeking to understand the implications of this digital revolution. Nigeria, with its vibrant economy and burgeoning technological ecosystem, stands at the forefront of Fintech adoption in Africa
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