Modernizing Financial Technology Infrastructure, Enterprise Systems and Cybersecurity in the Digital Age |
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| © 2024 by IJCTT Journal | ||
| Volume-72 Issue-7 |
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| Year of Publication : 2024 | ||
| Authors : Jabin Geevarghese George | ||
| DOI : 10.14445/22312803/IJCTT-V72I7P101 | ||
How to Cite?
Jabin Geevarghese George, "Modernizing Financial Technology Infrastructure, Enterprise Systems and Cybersecurity in the Digital Age," International Journal of Computer Trends and Technology, vol. 72, no. 7, pp. 1-11, 2024. Crossref, https://doi.org/10.14445/22312803/IJCTT-V72I7P101
Abstract
The industry of financial technology, or FinTech has experienced significant changes in the last several years due to the progressive developments in information and communication technology and evolving legal framework. This paper examines the modernization of FinTech infrastructure, enterprise systems, and cybersecurity, emphasizing the integration of cloud computing, blockchain, artificial intelligence (AI), and machine learning. Modernization of infrastructure also refers to the use of cloud computing, blockchain, and many other new technologies, and the goals of their utilization are effectiveness and cost-saving. These technologies aim to enhance efficiency and reduce costs, reshaping enterprise systems and improving decision-making processes. Despite the significant technological advancement, cybersecurity is still a crucial issue since the enhancement of Financial Services through digitization leads to high risks of cybercrimes. The paper offers a definition of Fintech, reviews the current state of matters, defines the major Fintech trends, and analyses the major opportunities as well as the threats that exist in the Fintech industry today. In this paper, by reviewing relevant literature, describing the methodology, and discussing the results, the intention is to add knowledge to the current discussion about fintech developments and prospects in the financial sector.
Keywords
Financial technology, Fintech, Enterprise systems, Cybersecurity, Cloud computing, Blockchain, Artificial intelligence, Machine learning.
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