Affiliation:
1. Ahlia University, Bahrain
Abstract
There is a paradigm shift in the financial services industry. Combined with ever-changing customer expectations and preferences, emerging technologies such as artificial intelligence (AI), machine learning, the internet of things (IoT), and blockchain are redefining how financial institutions deliver services. It is an enormous task to remain competitive in this ever-changing environment. Financial institutions see FinTech as a major part of the digital future, and as proof of this, since 2015, financial institutions have invested over US$ 27 billion in FinTech and digital innovation. This chapter is an introductory chapter that explores FinTech in the literature. It focuses on how FinTech is reshaping the financial industry by describing FinTech phases and development process. The financial products and services using FinTech are also described with a highlight on Islamic FinTech. The chapter finally concludes by describing the future of FinTech.
Reference60 articles.
1. Accenture. (2015). The Future of Fintech and Banking: Digitally disrupted or reimagined? Author.
2. Afi. (2018). Innovative Cross-Border Remittance Services: Experiences from Afi Member Countries. Guideline Note No. 30 August.
3. Arner, G., Barberis, J., & Buckley, R. (2017). FinTech and RegTech in a Nutshell, and the Future in a Sandbox. Research Foundation Briefs, 3(4).
Cited by
4 articles.
订阅此论文施引文献
订阅此论文施引文献，注册后可以免费订阅5篇论文的施引文献，订阅后可以查看论文全部施引文献