FinTech enablers, use cases, and role of future internet of things
In the current global trend, financial organizations strive extensively towards smartening finance to derive the benefits of digitalization. In such an effort, Financial Technology (Fintech) involves usage of several contemporary disruptive technologies such as AI, 5G/6G, Blockchain, Metaverse, IoT,...
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| Format: | Article |
| Language: | English |
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Springer
2023-01-01
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| Series: | Journal of King Saud University: Computer and Information Sciences |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S1319157822003159 |
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| author | Jagadeesha R. Bhat Salman A. AlQahtani Maziar Nekovee |
| author_facet | Jagadeesha R. Bhat Salman A. AlQahtani Maziar Nekovee |
| author_sort | Jagadeesha R. Bhat |
| collection | DOAJ |
| description | In the current global trend, financial organizations strive extensively towards smartening finance to derive the benefits of digitalization. In such an effort, Financial Technology (Fintech) involves usage of several contemporary disruptive technologies such as AI, 5G/6G, Blockchain, Metaverse, IoT, etc., in financial industry to add value to the customer services. By the inception of technology, several major financial services and processes such as lending, verification, fraud detection, quality maintenance, credit scoring, and many more will be simplified and augmented. However, there is a need for research and innovation of disruptive financial products and the enabling ecosystem of technologies. Consequently, several tech-giants have focused their attention on Fintech to introduce Information and Communication Technology (ICT) solutions. In this manuscript, firstly, we envision the future trends and driving applications of Fintech that would emerge during 2030. Further, we attempt to provide a high-level framework of the enablers of Fintech including IoT, 5G, Digital twins and Metaverse for certain use cases. In addition, we provide directions for future Fintech research while anticipating the challenges ahead. |
| format | Article |
| id | doaj-art-ec6bee0c0030434cb3cd1dbc0c30621e |
| institution | Kabale University |
| issn | 1319-1578 |
| language | English |
| publishDate | 2023-01-01 |
| publisher | Springer |
| record_format | Article |
| series | Journal of King Saud University: Computer and Information Sciences |
| spelling | doaj-art-ec6bee0c0030434cb3cd1dbc0c30621e2025-08-20T03:49:17ZengSpringerJournal of King Saud University: Computer and Information Sciences1319-15782023-01-013518710110.1016/j.jksuci.2022.08.033FinTech enablers, use cases, and role of future internet of thingsJagadeesha R. Bhat0Salman A. AlQahtani1Maziar Nekovee2Dept. of Electronics and Communication Engineering, Indian Institute of Information Technology Dharwad, IndiaResearch Chair of New Emerging Technologies and 5G Networks and Beyond, Computer Engineering Department, College of Computer and Information Sciences, King Saud University, Kingdom of Saudi Arabia; Corresponding author.Dean of Sussex AI Institute, ZJSU Head of Centre for Advanced Communications, Mobile Technology, and IoT. 6G Mobile Communications R&I Lab, School of Engineering and Informatics, University of Sussex, United KingdomIn the current global trend, financial organizations strive extensively towards smartening finance to derive the benefits of digitalization. In such an effort, Financial Technology (Fintech) involves usage of several contemporary disruptive technologies such as AI, 5G/6G, Blockchain, Metaverse, IoT, etc., in financial industry to add value to the customer services. By the inception of technology, several major financial services and processes such as lending, verification, fraud detection, quality maintenance, credit scoring, and many more will be simplified and augmented. However, there is a need for research and innovation of disruptive financial products and the enabling ecosystem of technologies. Consequently, several tech-giants have focused their attention on Fintech to introduce Information and Communication Technology (ICT) solutions. In this manuscript, firstly, we envision the future trends and driving applications of Fintech that would emerge during 2030. Further, we attempt to provide a high-level framework of the enablers of Fintech including IoT, 5G, Digital twins and Metaverse for certain use cases. In addition, we provide directions for future Fintech research while anticipating the challenges ahead.http://www.sciencedirect.com/science/article/pii/S1319157822003159FintechIoTAIDigital twin6GMetaverse |
| spellingShingle | Jagadeesha R. Bhat Salman A. AlQahtani Maziar Nekovee FinTech enablers, use cases, and role of future internet of things Journal of King Saud University: Computer and Information Sciences Fintech IoT AI Digital twin 6G Metaverse |
| title | FinTech enablers, use cases, and role of future internet of things |
| title_full | FinTech enablers, use cases, and role of future internet of things |
| title_fullStr | FinTech enablers, use cases, and role of future internet of things |
| title_full_unstemmed | FinTech enablers, use cases, and role of future internet of things |
| title_short | FinTech enablers, use cases, and role of future internet of things |
| title_sort | fintech enablers use cases and role of future internet of things |
| topic | Fintech IoT AI Digital twin 6G Metaverse |
| url | http://www.sciencedirect.com/science/article/pii/S1319157822003159 |
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