Advances in Economics, Management and Political Sciences

- The Open Access Proceedings Series for Conferences


Proceedings of the 7th International Conference on Economic Management and Green Development

Series Vol. 30 , 10 November 2023


Open Access | Article

The Impact of Digital Transformation on the Financial Ser-vices Industry: A Comprehensive Review

Shijie An * 1
1 Columbia University

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 30, 36-41
Published 10 November 2023. © 2023 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Shijie An. The Impact of Digital Transformation on the Financial Ser-vices Industry: A Comprehensive Review. AEMPS (2023) Vol. 30: 36-41. DOI: 10.54254/2754-1169/30/20231417.

Abstract

This paper studies the different aspects of how different fields of technologies are applied to digital transformations and fin-tech and what risks might be met. It is an important issue because fintech and digital transformation are the crucial points that make companies more digital. This paper will take about fintech and digital transformation through topics including blockchain and NFT, robo-advisor and artificial intelligence, peer-to-peer lend-ing, and online payments. These four factors are the primary factors that lead to enterprise digitization. However, while these four factors are so considerable, the lack of supervision would also cause a lot of trouble that violates people’s property. People have experienced losing their property when there are no sufficient policies that regulate new technologies. This paper will specifically talk about how these factors are important and relevant to fintech and digital transformation and what might be the potential risks if there are no proper actions that restrict these factors. A healthy and compliant trend is the necessary path that leads to prosperity.

Keywords

fintech, digital transformation, blockchain, artificial intelligence

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Volume Title
Proceedings of the 7th International Conference on Economic Management and Green Development
ISBN (Print)
978-1-83558-081-3
ISBN (Online)
978-1-83558-082-0
Published Date
10 November 2023
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
10.54254/2754-1169/30/20231417
Copyright
© 2023 The Author(s)
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated