Acta Scientific Computer Sciences

Research Article Volume 6 Issue 7

Transforming Fintech Payments: The Impact of Artificial Intelligence in the Financial Sector

Balachandra Keley*

Department of Computer Sciences, USA

*Corresponding Author: Balachandra Keley, Department of Computer Sciences, USA.

Received: January 10, 2024; Published: June 13, 2024

Abstract

The financial technology (fintech) industry has witnessed a transformative revolution in recent years, with artificial intelligence (AI) playing a pivotal role in reshaping various aspects of financial services. One area where AI has demonstrated significant impact is in payment processing within the fintech sector. This article explores the evolution of AI in fintech payment processing, highlighting key advancements, challenges, and future prospects.

Keywords: Artificial Intelligence (AI); Algorithm; Ecosystem

References

  1. Shree S., et al. “Digital payments and consumer experience in India: a survey based empirical study”. Journal of Banking and Financial Technology 5 (2021): 1-20.
  2. Hendershott T., et al. “FinTech as a game changer: Overview of research frontiers”. Information Systems Research1 (2021): 1-17.
  3. Zhang C and Lu Y. “Study on artificial intelligence: The state of the art and future prospects”. Journal of Industrial Information Integration 23 (2021): 100224.
  4. Wang P. “On defining artificial intelligence”. Journal of Artificial General Intelligence2 (2019): 1-37.
  5. Chen L., et al. “Artificial intelligence in education: A review”. Ieee Access 8 (2020): 75264-75278.
  6. Madhuri T S., et al. “Big-data driven approaches in materials science for real-time detection and prevention of fraud”. Materials Today: Proceedings 81 (2023): 969-976.
  7. Ameen N., et al. “Customer experiences in the age of artificial intelligence”. Computers in Human Behavior 114 (2021): 106548.
  8. Kushwaha A K., et al. “What impacts customer experience for B2B enterprises on using AI-enabled chatbots? Insights from Big data analytics”. Industrial Marketing Management 98 (2021): 207-221.
  9. Misheva B H., et al. “Explainable AI in credit risk management”. arXiv preprint arXiv: (2103): 00949.
  10. Guo H and Polak P. “Artificial intelligence and financial technology FinTech: How AI is being used under the pandemic in 2020”. The Fourth Industrial Revolution: Implementation of Artificial Intelligence for Growing Business Success (2020): 169-186.
  11. Siau K and Wang W. “Artificial intelligence (AI) ethics: ethics of AI and ethical AI”. Journal of Database Management (JDM)2 (2020): 74-87.
  12. Zheng Z., et al. “Blockchain challenges and opportunities: A survey”. International Journal of Web and Grid Services4 (2018): 352-375.

Citation

Citation: Balachandra Keley. “Transforming Fintech Payments: The Impact of Artificial Intelligence in the Financial Sector".Acta Scientific Computer Sciences 6.7 (2024): 32-34.

Copyright

Copyright: © 2024 Balachandra Keley. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.




Metrics

Acceptance rate35%
Acceptance to publication20-30 days

Indexed In




News and Events


  • Certification for Review
    Acta Scientific certifies the Editors/reviewers for their review done towards the assigned articles of the respective journals.
  • Submission Timeline for Upcoming Issue
    The last date for submission of articles for regular Issues is December 25, 2024.
  • Publication Certificate
    Authors will be issued a "Publication Certificate" as a mark of appreciation for publishing their work.
  • Best Article of the Issue
    The Editors will elect one Best Article after each issue release. The authors of this article will be provided with a certificate of "Best Article of the Issue"

Contact US