A STUDY ON IMPACT OF FINANCIALTECHNOLOGY ON FINANCIAL PERFORMANCE OF CORPORATES AT JINDAL STEEL AND POWER LTD

Abstract

The research findings indicated that Jindal Steel and Power Ltd. experienced enhanced financial performance following the implementation of financial technology (FinTech). Digital technology has enabled the organization to boost its profitability and streamline its operations. This has been accomplished through the implementation of online payment tools, automated treasury systems, data-driven financial management, and other methods. Streamlining the management of working capital, reducing transaction costs, and enhancing liquidity are all examples of how the implementation of these innovative ideas has contributed to the enhancement of the company's operational efficiency. A competitive advantage has been obtained by the business as a result of the utilization of digital technology, which has facilitated the acceleration of financial data and enhanced decision-making. FinTech has traditionally been of assistance to the company in terms of growth, resilience, and competitiveness in the market. This is the case notwithstanding certain concerns, such as increasing operating expenses and dangers to cyber security.