December 2024
Intermediate to advanced
336 pages
8h 46m
English
book
Computational Intelligence for Autonomous Finance
by Deepak Gupta, Mukul Gupta, Rajesh Kumar Dhanaraj, Balamurugan Balusamy, Parth M. Gupta
Content preview from Computational Intelligence for Autonomous Finance
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13Pre- and Post-COVID Autonomous Finance: Global Perspective
Shikha Singh1*, Deepa Gupta1, Roshan Kumar2 and Balamurugan Balusamy3
1GL Bajaj Institute of Management, Greater Noida, UP, India
2Banaras Hindu University, Banaras, UP, India
3Shivnadar University, Greater Noida, UP, India
Abstract
The effects of the coronavirus disease 2019 (COVID-19) pandemic on financial services and customers’ decision to utilize financial technology (FinTech) for financial services are examined in this research. Research on how the pandemic has affected financial services is still lacking, and little is known about the role that Fintech has played in crisis situations. We examine the opportunities and challenges faced by Fintech and fintech-enabled services in this article, with an emphasis on the advantages and disadvantages for Fintech firms. Aside from the unexpected but crucial impetus for the adoption of technology in financial services provided by the COVID-19 lockdowns, several additional factors have contributed to the growth story of FinTech. These elements include government support for a digital economy, the dependable and quick processing capacity of mobile devices, and the expansion and speed of internet connection. FinTech’s ascent and expansion are further supported by the growing need for accessible financial services, rising client demands, and a fiercely competitive financial services industry. India gained attention in 2021 for its FinTech accomplishments, which mirrored ...
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