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International Journal for Research Trends and Innovation
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ISSN Approved Journal No: 2456-3315 | Impact factor: 8.14 | ESTD Year: 2016
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| Paper Title: | Transforming the Financial Sector: A Review of Recent Advancements in FinTech |
| Authors Name: | Rahul Jain , Dhiren Prajapati , Amit Dangi |
| Download E-Certificate: | Download |
| Author Reg. ID: |
IJRTI_185285
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| Published Paper Id: | IJRTI2302043 |
| Published In: | Volume 8 Issue 2, February-2023 |
| DOI: | http://doi.one/10.1729/Journal.33219 |
| Abstract: | The financial technology (fintech) industry has experienced rapid growth in recent years, driven by advancements in technology and changes in consumer behavior. This has led to the emergence of new trends that are shaping the future of finance. One of the most significant trends in fintech is the increased adoption of Artificial Intelligence (AI) and Machine Learning (ML) technologies. These technologies are being used to automate various financial processes, such as loan underwriting and risk assessment, leading to improved efficiency and reduced costs. Another trend is the growth of blockchain technology, which is being used to create decentralized and secure financial systems. Blockchain-based solutions are also being used to streamline cross-border payments and improve supply chain finance. The use of Robotic Process Automation (RPA) is also growing in popularity in the fintech industry. RPA is being used to automate repetitive tasks, such as account reconciliation and data entry, freeing up employees to focus on higher-value activities. Another trend is the increased adoption of cloud computing, which is being used to store and manage large amounts of financial data securely and efficiently. Finally, fintech companies are also investing in cybersecurity measures to protect against cyber threats, such as hacking and fraud. This includes the use of biometrics and other authentication technologies to secure online transactions. In conclusion, these trends are driving the growth of the fintech industry and transforming the way financial services are delivered. They are making finance more accessible, efficient, and secure for consumers and businesses alike. |
| Keywords: | Fintech, financial services, artificial intelligence, finance sector, emerging technologies, innovation in fintech, financial inclusion |
| Cite Article: | "Transforming the Financial Sector: A Review of Recent Advancements in FinTech", International Journal of Science & Engineering Development Research (www.ijrti.org), ISSN:2455-2631, Vol.8, Issue 2, page no.250 - 267, February-2023, Available :http://www.ijrti.org/papers/IJRTI2302043.pdf |
| Downloads: | 000205387 |
| ISSN: |
2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016 An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator |
| Publication Details: |
Published Paper ID: IJRTI2302043
Registration ID:185285
Published In: Volume 8 Issue 2, February-2023
DOI (Digital Object Identifier): http://doi.one/10.1729/Journal.33219
Page No: 250 - 267 Country: Mandsaur, Madhya Pradesh, India Research Area: Computer Engineering Publisher : IJ Publication Published Paper URL : https://www.ijrti.org/viewpaperforall?paper=IJRTI2302043 Published Paper PDF: https://www.ijrti.org/papers/IJRTI2302043 |
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ISSN: 2456-3315
Impact Factor: 8.14 and ISSN APPROVED,
Journal Starting Year (ESTD) : 2016
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