Emerging Trends in FinTech: A Comprehensive Analysis

DOI

10.2991/978-94-6463-408-2_23How to use a DOI?

Keywords

FinTech; Blockchain; Artificial Intelligence; Digital Currencies; Financial Innovation

Abstract

This paper provides an in-depth examination of the latest trends in financial technology (FinTech) and their profound impact on the global financial sector. By delving into groundbreaking innovations such as blockchain technology, the integration of artificial intelligence (AI) in banking, and the burgeoning prominence of digital currencies, this study seeks to offer a comprehensive understanding of the current state of FinTech. We explore how blockchain is revolutionizing financial transactions with its decentralization and increased security, while AI in banking is enhancing customer experiences, automating processes, and bolstering risk management. Additionally, the paper highlights the rise of digital currencies, discussing their potential to redefine monetary systems and their influence on global finance.Our investigation extends to the challenges and opportunities presented by these technological advancements, including regulatory hurdles, ethical considerations, and the need for new skill sets in the finance sector. Furthermore, the study contemplates the future trajectory of FinTech, speculating on how emerging technologies like quantum computing and the Internet of Things (IoT) could further transform financial services. This paper aims not only to provide insights into how FinTech is currently reshaping the financial landscape but also to anticipate the future direction of these developments. Through this analysis, we contribute to the broader understanding of FinTech’s role in driving innovation, efficiency, and change in the financial world.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Wenbing Zan
PY  - 2024
DA  - 2024/05/07
TI  - Emerging Trends in FinTech: A Comprehensive Analysis
BT  - Proceedings of the 9th International Conference on Financial Innovation and Economic Development (ICFIED 2024)
PB  - Atlantis Press
SP  - 195
EP  - 201
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-408-2_23
DO  - 10.2991/978-94-6463-408-2_23
ID  - Zan2024
ER  -