Algorithmic FinTech Pioneering the Financial Landscape of Tomorrow

Author:

Aggarwal Kapil Kumar1ORCID,Sharma Atul2,Kaur Rumit2,Lakhera Girish3

Affiliation:

1. Chandigarh University, India

2. University School of Business, India

3. Graphic Era University (Deemed), India

Abstract

Algorithmic FinTech emerges as a pioneering force transforming the financial landscape in an era of fast technical breakthroughs and a new financial worldview. This study examines Algorithmic FinTech in-depth, providing light on its transformational potential, essential applications, and profound impact on the future of finance. Algorithmic FinTech is applying cutting-edge technology such as artificial intelligence, machine learning, and data analytics to optimize financial processes. This chapter examines algorithms' numerous roles in the financial industry, ranging from risk assessment and trading methods to personal financial management and lending solutions. This chapter provides an in-depth introduction to comprehending the transformational potential of Algorithmic FinTech, its applications, and its influence on traditional banking while emphasizing the importance of responsible innovation in ensuring a robust and equitable financial future.

Publisher

IGI Global

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