Analysis of FinTech Enablers and Role of Future Internet of Things (IoT) in the New-Age Business World

Authors

  • Dr. Vipin Kumar Bagria Assistant professor, Department of EAFM, Government Commerce college, Sikar (Raj.)
  • Bholi Meena Assistant professor, Department of Economics, Government PG College Hindauncity, Karauli (Raj.)

DOI:

https://doi.org/10.53983/ijmds.v12n07.004

Keywords:

AI-ML, Digital twin, 5G, Digital Marketing, Fintech, IoT

Abstract

Financial institutions work very hard to make finance smarter in the present global trend to reap the rewards of digitization. Financial technology (Fintech) uses various modern disruptive technologies, including AI, 5G/6G, Blockchain, Metaverse, IoT, and others, in the financial sector to improve client services. Many critical financial services and procedures, including lending, verification, fraud detection, quality maintenance, credit scoring, and many more, will be streamlined and improved by the advent of technology. However, there is a need for the development of innovative financial products and a supporting technological environment. To introduce ICT solutions, various tech giants have emphasized Fintech. In this book, we first imagine the emerging trends and key Fintech applications in 2030. For some use cases, we also try to present a high-level framework of the Fintech enablers, such as IoT, 5G, Digital Twins, and Metaverse. We also outline future directions for Fintech research while looking ahead to potential difficulties.

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Author Biographies

Dr. Vipin Kumar Bagria, Assistant professor, Department of EAFM, Government Commerce college, Sikar (Raj.)

Dr. Vipin Kumar Bagria received his Bachelor of Commerce and Master of Commerce from S.K. Government College, Sikar affiliated to University of Rajasthan, Jaipur. He obtained his Ph.D. degree from Department of EAFM, University of Rajasthan, Jaipur. He also received Certificate in Rural Development, Certificate in Disaster Management and Certificate in Water Harvesting and Management from IGNOU, Delhi. He is currently working as Assistant Professor in Department of EAFM, Government Commerce College, Sikar, Rajasthan. He is a keen researcher. His twelve research papers have been published in reputed journals. He presented his fifteen research papers in National and International Conferences.

Bholi Meena, Assistant professor, Department of Economics, Government PG College Hindauncity, Karauli (Raj.)

Bholi Meena received his Bachelor of Arts from University Maharani College, University of Rajasthan, Jaipur and Master of Arts (Economics) from Department of Economics, University of Rajasthan, Jaipur. She is pursuing her Ph.D. from Department of Economics, University of Kota, Kota (Rajasthan). She is currently working as Assistant Professor in Department of Economics, Government PG College, Hindauncity, Karauli (Raj.). She is a keen researcher. Her many research papers have been published in reputed journals. She presented her many research papers in National and International Conferences.

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Published

31-07-2023

How to Cite

Bagria, V. K., and B. Meena. “Analysis of FinTech Enablers and Role of Future Internet of Things (IoT) in the New-Age Business World”. International Journal of Management and Development Studies, vol. 12, no. 07, July 2023, pp. 29-37, doi:10.53983/ijmds.v12n07.004.

Issue

Vol. 12 No. 07 (2023): IJMDS

Section

Articles