Customer Due Diligence in the FinTech Era: A Bibliometric Analysis

Risks, Journal Year: 2023, Volume and Issue: 11(1), P. 11 - 11

Published: Jan. 3, 2023

This study examined the current developments in customer due diligence (CDD) financial technology (FinTech) era. The of anti-money laundering (AML) and combating financing terrorism (CFT) gained prominence after 2007–2009 global crisis (GFC), which administrative penalties were issued to institutions. Faced with AML regulatory compliance issues, technological solutions or are still being developed. Thus, several innovation have shaped future direction CDD aspects AML/CFT sphere. A bibliometric review meta-analysis was employed for study. Scopus database utilised generate dataset study, while SciVal applied research metric analysis. major findings revealed that key themes this area include laundering, banks crime, cryptocurrency, as well blockchain corruption. It also established most done is focused on United Kingdom, States, China. integration FinTech an emerging requires interdisciplinary collaborations.

Language: Английский

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Multi-Party Evolutionary Game Analysis of Accounts Receivable Financing under the Application of Central Bank Digital Currency

Journal of theoretical and applied electronic commerce research, Journal Year: 2023, Volume and Issue: 18(1), P. 394 - 415

Published: Feb. 20, 2023

Accounts receivable financing is one of the most prominent approaches in supply chain finance; nevertheless, actual process, financial institutions and SMEs have credit risk information asymmetry risk, which leads to frequent nonpayment collaboration fraudulent loans. This paper introduces central bank digital currency into traditional accounts solves using two technologies currency: technology blockchain technology; enables supervision capital flow, for access logistics flow. In context technology, this builds an evolutionary game model whether use repay loan, compares stabilization strategies SMEs, calculates analyzes model’s impact, investigates changes decision-making paths both parties, then conducts numerical simulation analysis Matlab Python verify reliability further. According results, adding can reduce loan institutions, increase credibility financing, expedite implementation alleviate concerns SMEs.

Language: Английский

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Performance Analysis Method for Robotic Process Automation

Sustainability, Journal Year: 2023, Volume and Issue: 15(4), P. 3702 - 3702

Published: Feb. 17, 2023

Recent studies show that decision making in Business Process Management (BPM) and incorporating sustainability business is vital for service innovation within a company. Likewise, it also possible to save time money an automated, intelligent sustainable way. Robotic Automation (RPA) one solution can help businesses improve their BPM practices through digital transformation. However, deciding which processes automate with RPA technology be complex. Consequently, this paper presents model selecting indicators determine the profitability of shifting selected processes. The method used work Performance Analysis Method, allows predicting could replaced by workflow. Method consists collecting data on speed efficiency process then using develop discrete event simulations estimate cost automating parts process. A case study presented, from international utility company as input simulation. predicts Electric Utility Company (EUC) will substantial amount if implements its call center.

Language: Английский

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Risk-Based Approach for Selecting Company Key Performance Indicator in an Example of Financial Services

Informatics, Journal Year: 2023, Volume and Issue: 10(2), P. 54 - 54

Published: June 19, 2023

Risk management is a highly important issue for Fintech companies; moreover, it very specific and puts forward the serious requirements toward top of any financial institution. This study was devoted to specifying risk factors affecting finance capital adequacy institutions. The authors considered different types risks in combination, whereas other scholars usually analyze isolation; however, believe that necessary consider their mutual impact. were estimated using PLS-SEM method Smart PLS-4 software. quality obtained model high according all indicators. Five hypotheses related five considered. impact AML, cyber, governance on confirmed; effect operational also confirmed. Other have no adequacy. It interesting associated with staff findings this can be easily applied by institution analysis. Moreover, serve better collaboration investigating activities practitioners working sphere. present novel approach enhancing key performance indicators (KPIs) companies, proposing utilizing metrics are derived from company’s risks, thereby introducing an innovative selecting KPIs based inherent Fintech’s business model. aligns unique profile company, fostering fresh perspective measurement within industry.

Language: Английский

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Causal estimation of FTX collapse on cryptocurrency: a counterfactual prediction analysis

Financial Innovation, Journal Year: 2025, Volume and Issue: 11(1)

Published: Jan. 9, 2025

Abstract This study uses the Bayesian structural model to assess causal effect of futures exchange (FTX) insolvency on cryptocurrencies from October 2022 December 14, 2022. Findings show that FTX negatively impacts cryptocurrencies. Moreover, results indicate rapid divergence counterfactual predictions, and actual are consistently lower than would have been expected in absence collapse. Cryptocurrency is reacting strongly uncertainty caused by insolvency. In relative terms, collapse has highly detrimental Solana Ethereum. Furthermore, outcomes not affected if intervention had occurred. collapsed owing a mismatch between assets liabilities. The industry still mostly unregulated, regulators must act quickly, highlighting need for outstanding innovation decentralized trustless technology adoption.

Language: Английский

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The Far‐Reaching Impacts of Emerging Technologies in Accounting and Finance

Published: Jan. 21, 2025

This study offers a thorough analysis of recent developments in accounting and finance technology. The fields are undergoing radical change due to the introduction cutting-edge software hardware. article will discuss applications, benefits, potential drawbacks technologies including artificial intelligence, blockchain, robotic process automation, data analytics, their impact on future. intends help accountants, professionals, businesses better grasp opportunities threats posed by these so that they may adapt evolving digital landscape. It is impossible overstate value technology has brought sector. revolutionized making it faster, more accurate, easier manage data. To maintain market share, provide service clients, participate strategic decision-making, accountants financial professionals must use new technologies. Adapting thriving age possible for learn harness power

Language: Английский

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The Impact of Artificial Intelligence Adoption on the Quality of Financial Reports on the Saudi Stock Exchange

International Journal of Financial Studies, Journal Year: 2025, Volume and Issue: 13(1), P. 21 - 21

Published: Feb. 4, 2025

The aim of this study was to explore how artificial intelligence (AI) impacts the quality financial reporting, providing insights into new opportunities in field for Saudi context. This employed UTAUT theory examine adoption AI technology auditing practices. also utilized bibliometric analysis techniques through an academic literature review and content analyses documentary evidence. implication is that non-Big 4 audit firms should adopt AI-powered drones, which consequently enhance decision making, decrease fees, reports, efficiency accuracy audits. Furthermore, paper recommends adopting foster a culture change ensure audits consistency, overcome resistance change, support integration technologies such as AI-driven automation. Our indicated importance integrating with IFRS, developing framework practices, incorporating courses, modernizing using AI. These implications lead reports enhanced quality. results four clusters, being most significant keyword occurrence. has limitations, lack consideration cyber-attack risks on may reduce reliability reports. Based findings research, companies regulatory agencies Arabia, like Capital Market Authority (CMA), evaluate improve reporting. Implementing expected audits, automate compliance confidence transparency industry.

Language: Английский

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The correlation of Financial Action Task Force recommendations: the perception of compliance officers concerning the deployment of third parties and Fintech for customer due diligence

Journal of Money Laundering Control, Journal Year: 2025, Volume and Issue: unknown

Published: March 13, 2025

Purpose This study aims to explore the challenges financial institutions face in deploying third parties and technologies perform customer due diligence. Design/methodology/approach applied a qualitative technique interviewed 25 compliance officers from different institutes their regulators. Findings found that third-party recommendation of Financial Action Task Force is restrictive, contradictory, time-consuming seriously lacks standardisation. Furthermore, this restricts use modern Fintechs. has posed significant for adoption Fintechs, international banking/onboarding, digital onboarding inclusion. Practical implications Thus, revisiting Recommendations 17 15 correlation with Recommendation 10 suggested. Originality/value The rarely discussed details, especially developing courtiers’ context.

Language: Английский

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Future-Proofing Financial Institutions

IGI Global eBooks, Journal Year: 2025, Volume and Issue: unknown, P. 387 - 406

Published: April 4, 2025

The financial sector is undergoing a transformation driven by fast-evolving digital technologies and changing customer expectations. AI, blockchain, cloud computing, advanced analytics are the traditional models. This chapter talks about strategic levers for institutions to stay ahead in competition, focusing on operational excellence, customer-centric strategies, data-driven decision-making future-proof operations digitally disrupted landscape. Through qualitative research, author used following scholarly articles, industry reports, case studies discuss actions along with illustrative examples of best practices challenges transformation. Topics include optimizing workflow, management, integrating risk, fraud, personalization. It extends new such as IoT, aligns sustainability ethical goals

Language: Английский

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A Readiness Model and Factors Influencing Blockchain Adoption in Malaysia’s Software Sector: A Survey Study

Sustainability, Journal Year: 2023, Volume and Issue: 15(16), P. 12139 - 12139

Published: Aug. 8, 2023

The technology of Blockchain may open up new potential for innovation and distinction. It can enable the software sector to develop more safe transparent systems that function in an environment without trust. adoption rate still needs be higher despite advantages; relatively low attributable issues such as a lack awareness, difficulty adoption, ambiguity surrounding legal regulatory frameworks. Considering technical, organizational, environmental aspects, this study aims determine primary factors impacting readiness firms adopt technology. research on adopting Malaysian is limited. Using quantitative method, researchers used structural equation modeling analyze 251 survey responses from sector. In light findings, eight hypotheses were considered significant, one hypothesis was rejected. At same time, R2 indicated all these variables explained 71% dependent variable’s variance, which substantial. Overall, it makes easier use technology, would increase overall competitiveness Malaysia’s international market.

Language: Английский

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