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Algorithmic FinTech Pioneering the Financial Landscape of Tomorrow
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Author(s): Kapil Kumar Aggarwal (Chandigarh University, India), Atul Sharma (University School of Business, India), Rumit Kaur (University School of Business, India)and Girish Lakhera (Graphic Era University (Deemed), India)
Copyright: 2024
Pages: 19
Source title:
Algorithmic Approaches to Financial Technology: Forecasting, Trading, and Optimization
Source Author(s)/Editor(s): Amandeep Singh (Chitkara Business School, Chitkara University, India), Sanjay Taneja (Graphic Era University (Deemed), India)and Pawan Kumar (Chandigarh University, India)
DOI: 10.4018/979-8-3693-1746-4.ch002
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Abstract
Algorithmic FinTech emerges as a pioneering force transforming the financial landscape in an era of fast technical breakthroughs and a new financial worldview. This study examines Algorithmic FinTech in-depth, providing light on its transformational potential, essential applications, and profound impact on the future of finance. Algorithmic FinTech is applying cutting-edge technology such as artificial intelligence, machine learning, and data analytics to optimize financial processes. This chapter examines algorithms' numerous roles in the financial industry, ranging from risk assessment and trading methods to personal financial management and lending solutions. This chapter provides an in-depth introduction to comprehending the transformational potential of Algorithmic FinTech, its applications, and its influence on traditional banking while emphasizing the importance of responsible innovation in ensuring a robust and equitable financial future.
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