Financial Fraud in the Age of FinTech

Abstract

Fintech is a vast domain that includes a wide range of activities, from data security to financial service delivery, which helps companies automate their business operations and introduce the latest financial products and services. The problem of financial fraud has a significant impact on the finance sector and needs behavioral understanding from the perspective of both the fraudster and the consumer. The purpose of the chapter is to identify and analyze the various aspects of financial fraud in the age of Fintech and highlight the emerging research areas and trends. Co-occurrence and co-citation analyses were used to identify emerging trends and research directions related to fraud detection in Fintech research. The cluster analysis revealed five clusters which have been explained further. The research employs thematic clusters that identify fundamental, various themes based on their centrality and density. These themes and streams are intended to guide researchers, scholars, policymakers, and practitioners towards more precise, distinctive, and important areas of focus.