Fintech integration in Small and Medium Enterprises: Enhancing economic resilience and operational efficiency DOI Creative Commons

Anwuli Nkemchor Obiki-Osafiele,

Edith Ebele Agu,

Njideka Rita Chiekezie

et al.

Finance & Accounting Research Journal, Journal Year: 2024, Volume and Issue: 6(8), P. 1485 - 1500

Published: Aug. 22, 2024

The integration of financial technology (Fintech) in small and medium-sized enterprises (SMEs) offers substantial benefits enhancing economic resilience operational efficiency. This paper explores the multifaceted role Fintech providing inclusion, improving cash flow management, facilitating access to credit, reducing costs for SMEs. Additionally, it examines how tools aid risk business continuity, market adaptability, stability. also highlights efficiencies gained through automation, data analytics, supply chain optimization, customer relationship management. Despite these benefits, SMEs face significant challenges, including regulatory compliance issues, barriers adoption, cybersecurity concerns. concludes with practical recommendations integrate solutions effectively suggests areas future research understand further long-term impact potential SME performance. Keywords: Fintech, SMEs, Economic Resilience, Operational Efficiency, Financial Inclusion.

Language: Английский

AI-Driven accessibility: Transformative software solutions for empowering individuals with disabilities DOI Creative Commons

Nnaemeka Valentine Eziamaka,

Theodore Narku Odonkor,

Adetola Adewale Akinsulire

et al.

International Journal of Applied Research in Social Sciences, Journal Year: 2024, Volume and Issue: 6(8), P. 1612 - 1641

Published: Aug. 3, 2024

The integration of artificial intelligence (AI) in developing software solutions marks a pivotal advancement enhancing accessibility for individuals with disabilities. This paper explores the transformative potential AI-driven technologies designed to empower those physical, sensory, and cognitive impairments. AI's capability learn adapt diverse user needs enables creation personalized intuitive applications, offering unprecedented levels independence inclusion. encompass various innovations, including speech recognition, natural language processing (NLP), computer vision. Speech recognition facilitate communication hearing impairments by converting spoken into text vice versa. NLP advancements have enabled development sophisticated text-to-speech systems, which can read aloud content visually impaired users, prediction tools that assist users motor typing efficiently. Furthermore, vision technology provides real-time image video aiding navigating their environment identifying objects. These are integrated everyday devices platforms, significantly utility accessibility. For instance, AI-powered screen readers voice assistants now embedded smartphones computers, providing seamless access information digital services. Educational leveraging AI ensures learning materials accessible all students, regardless disabilities, tailored support. impact extends beyond personal empowerment societal By enabling greater participation education, employment, social activities, these help bridge gap between disabilities peers. Companies organizations benefit from talents perspectives more inclusive workforce, driving innovation economic growth. However, implementation also present challenges. Ensuring data privacy security, avoiding bias algorithms, maintaining affordability user-friendliness critical considerations. Ongoing research, collaboration among stakeholders, design practices essential address challenges maximize benefits In conclusion, revolutionizing way interact world. harnessing power AI, offer opportunities independence, inclusion, empowerment, ultimately contributing equitable society. Keywords: Al-Driven, Accessibility, Transformative, Disabilities, Empowering.

Language: Английский

Citations

9

Advanced strategies for achieving comprehensive code quality and ensuring software reliability DOI Creative Commons

Nnaemeka Valentine Eziamaka,

Theodore Narku Odonkor,

Adetola Adewale Akinsulire

et al.

Computer Science & IT Research Journal, Journal Year: 2024, Volume and Issue: 5(8), P. 1751 - 1779

Published: Aug. 3, 2024

Achieving comprehensive code quality and ensuring software reliability are critical goals in modern engineering. This paper delves into advanced strategies that encompass both technical organizational practices, aiming to enhance boost reliability. Key include the implementation of rigorous review processes, adoption automated testing frameworks, utilization static dynamic analysis tools. Firstly, processes fundamental for maintaining high standards quality. By fostering a collaborative environment where peer reviews routine, teams can catch potential issues early, ensure adherence coding standards, promote knowledge sharing. practice not only improves but also enhances team cohesion expertise. Secondly, frameworks indispensable achieving test coverage reducing incidence bugs. Unit tests, integration end-to-end when automated, provide continuous feedback changes do introduce new defects. approach is crucial reliability, especially agile DevOps environments rapid iterations common. Furthermore, tools development pipeline offers additional layers assurance. Static inspect codebase vulnerabilities, smells, compliance with without executing program. Dynamic tools, on other hand, evaluate during runtime detect memory leaks, concurrency issues, performance bottlenecks. Together, these assessment code’s health Moreover, culture improvement learning within essential. Regular training sessions, workshops, knowledge-sharing activities help keeping updated latest advancements engineering practices Encouraging mindset quality-first among developers ensures long-term benefits sustainability. In conclusion, require multifaceted integrates reviews, Coupled strong improvement, collectively contribute robust, reliable, high-quality systems. Keywords: Software Reliability, Code Quality, Advanced, Strategies, Comprehensive.

Language: Английский

Citations

4

Advancing financial inclusion and technological innovation through cutting-edge software engineering DOI Creative Commons

Theodore Narku Odonkor,

Nnaemeka Valentine Eziamaka,

Adetola Adewale Akinsulire

et al.

Finance & Accounting Research Journal, Journal Year: 2024, Volume and Issue: 6(8), P. 1320 - 1348

Published: Aug. 3, 2024

Advancing financial inclusion and fostering technological innovation through cutting-edge software engineering are paramount in addressing the global disparities access to services. This paper explores critical role of revolutionizing sector, particularly enhancing for underserved populations. Financial inclusion, which ensures that individuals businesses have useful affordable products services, is a cornerstone economic development. Despite its importance, significant portion population remains unbanked or underbanked, primarily due limited traditional banking infrastructure. Technological innovation, driven by advancements engineering, presents transformative solution this challenge. Cutting-edge practices at forefront developing robust, scalable, secure solutions. Mobile applications, instance, leverage sophisticated architectures provide seamless services users remote areas. These applications facilitate various transactions, including money transfers, bill payments, savings, thereby integrating into formal system. Additionally, blockchain technology, underpinned advanced offers decentralized platform transactions. Blockchain's inherent transparency security features make it an ideal tool trust reducing fraud By enabling low-cost cross-border technology significantly contributes making accessible those previously excluded. Artificial Intelligence (AI) machine learning, powered algorithms, further enhance providing personalized AI-driven chatbots virtual assistants offer 24/7 customer support, ensuring constant guidance. Moreover, AI algorithms analyze user data tailored products, such as customized loan investment advice, meeting unique needs diverse users. promising potential, integration these technologies faces challenges, privacy navigating regulatory landscapes. However, strategic collaboration between institutions, providers, bodies, challenges can be mitigated. In conclusion, advancing not only bridges gap but also drives more inclusive economically empowered society. Keywords: Inclusion, Innovation, Advancing, Software Engineering, Cutting-Edge.

Language: Английский

Citations

2

Building resilience in small businesses through effective relationship management and stakeholder engagement DOI Creative Commons

Theodore Narku Odonkor,

Oghenekome Urefe,

Edith Ebele Agu

et al.

International Journal of Management & Entrepreneurship Research, Journal Year: 2024, Volume and Issue: 6(8), P. 2507 - 2532

Published: Aug. 3, 2024

In an increasingly volatile and competitive business environment, building resilience is essential for the survival growth of small businesses. This paper explores how effective relationship management stakeholder engagement can strengthen in enterprises. The focus on developing strong relationships with customers, employees, suppliers, broader community, alongside fostering transparent communication trust. Effective begins understanding addressing needs expectations key stakeholders. For businesses, maintaining customer paramount. involves delivering exceptional service, personalized experiences, consistent value. By actively listening to feedback adapting their evolving preferences, businesses enhance loyalty reduce churn rates. Employee another critical aspect resilience. Engaged employees are more productive, innovative, committed company's success. Small should prioritize creating a positive work offering opportunities professional growth, recognizing employee contributions. Open channels inclusive decision-making processes further boost morale retention. Supplier also play vital role Establishing reliable mutually beneficial partnerships suppliers ensures steady flow goods services. negotiate favorable terms, maintain communication, diversify supplier base mitigate risks associated supply chain disruptions. Community corporate social responsibility (CSR) initiatives reputation credibility participating community development environmental sustainability efforts, build local networks garner support from community. These not only improve brand image but create sense purpose belonging among requires trust-building. regularly update stakeholders developments, challenges, successes. Utilizing digital platforms, media, newsletters facilitate timely communication. Building trust demonstrating consistency, integrity, accountability all dealings. conclusion, through nurturing connections trust, mutual support, adaptability, sustain navigate complexities modern landscape. Keywords: Resilience, Businesses, Management, Stakeholder, Relationship.

Language: Английский

Citations

2

Comprehensive financial strategies for achieving sustainable growth in small businesses DOI Creative Commons

Theodore Narku Odonkor,

Oghenekome Urefe,

Emmanuel Biney

et al.

Finance & Accounting Research Journal, Journal Year: 2024, Volume and Issue: 6(8), P. 1349 - 1374

Published: Aug. 3, 2024

Sustainable growth in small businesses is a critical component for economic stability and development. This review outlines comprehensive financial strategies designed to foster long-term sustainability enterprises. The primary focus on creating robust foundation, optimizing resource allocation, leveraging innovative tools. Firstly, effective planning budgeting are foundational elements. Small must develop detailed plans that encompass both short-term operational needs objectives. includes cash flow management ensure liquidity, investment essential assets, maintaining an emergency fund cushion against unforeseen fluctuations. Secondly, access diverse funding sources essential. Traditional bank loans, venture capital, government grants provide necessary capital expansion. Additionally, crowdfunding peer-to-peer lending platforms have emerged as viable alternatives, particularly startups community-driven projects. Businesses should strategically select align with their stages health. Moreover, cost efficiency play pivotal role sustainability. Implementing cost-control measures such lean techniques can optimize reduce waste. Regular audits performance reviews help identify areas of improvement resources being utilized effectively. Another strategy investing technology innovation. Adopting technologies (fintech) like automated accounting software, digital payment systems, analytics tools streamline operations, enhance decision-making, improve transparency. Embracing technological advancements ensures remain competitive responsive market changes. Risk equally important achieving sustainable growth. involves identifying potential risks, volatility, developing mitigation strategies. Insurance products, diversification revenue streams, risk plan safeguard disruptions. Lastly, fostering strong relationships advisors mentors valuable insights guidance. These professionals navigate complex landscapes, offer strategic advice, support making informed decisions. In conclusion, encompassing planning, funding, management, integration, professional guidance vital businesses. By adopting these strategies, enterprises build resilient drive innovation, success increasingly market. Keywords: Achieving, Growth, Businesses, Comprehensive, Financial Strategies.

Language: Английский

Citations

1

Leveraging artificial intelligence to enhance customer service analytics and improve service delivery DOI Creative Commons

Anwuli Nkemchor Obiki-Osafiele,

Edith Ebele Agu,

Njideka Rita Chiekezie

et al.

International Journal of Management & Entrepreneurship Research, Journal Year: 2024, Volume and Issue: 6(8), P. 2648 - 2660

Published: Aug. 21, 2024

This paper explores the transformative potential of Artificial Intelligence (AI) in enhancing customer service analytics and improving delivery. It delves into significant advancements AI technologies, such as Natural Language Processing (NLP), Machine Learning (ML), chatbots, virtual assistants, sentiment analysis, highlighting their role creating more responsive, personalized, efficient experiences. The discusses how enables comprehensive data collection integration from multiple sources, facilitates real-time analytics, leverages predictive capabilities to forecast needs. also addresses ethical considerations privacy, transparency, fairness applications examines technical organizational challenges businesses face when adopting AI. Recommendations for future research are provided, focusing on integrating emerging technologies exploring advanced emotion recognition enhance AI-driven further. findings underscore immense revolutionize service, offering actionable insights implement effectively sustainably. Keywords: Intelligence, Customer Service Analytics, Learning, Predictive Sentiment Analysis.

Language: Английский

Citations

1

Protecting digital assets in Fintech: Essential cybersecurity measures and best practices DOI Creative Commons

Anwuli Nkemchor Obiki-Osafiele,

Edith Ebele Agu,

Njideka Rita Chiekezie

et al.

Computer Science & IT Research Journal, Journal Year: 2024, Volume and Issue: 5(8), P. 1884 - 1896

Published: Aug. 23, 2024

Cybersecurity is paramount for protecting digital assets and maintaining consumer trust in the rapidly evolving fintech sector. This review paper explores essential cybersecurity measures best practices, focusing on encryption, multi-factor authentication, security audits, secure software development, network security. The also examines threat landscape, highlighting common cyber threats such as phishing, malware, insider threats, data breaches their impact operations. Future trends cybersecurity, including role of emerging technologies like artificial intelligence (AI) blockchain, are discussed, along with predictions future challenges. Strategic recommendations companies emphasize importance employee training, incident response planning, collaboration experts, regulatory compliance, continuous monitoring. concludes by underscoring necessity proactive to safeguard financial ensure integrity services. Keywords: Fintech Encryption, Multi-factor Authentication, Artificial Intelligence, Blockchain, Threat Intelligence.

Language: Английский

Citations

1

Fintech integration in Small and Medium Enterprises: Enhancing economic resilience and operational efficiency DOI Creative Commons

Anwuli Nkemchor Obiki-Osafiele,

Edith Ebele Agu,

Njideka Rita Chiekezie

et al.

Finance & Accounting Research Journal, Journal Year: 2024, Volume and Issue: 6(8), P. 1485 - 1500

Published: Aug. 22, 2024

The integration of financial technology (Fintech) in small and medium-sized enterprises (SMEs) offers substantial benefits enhancing economic resilience operational efficiency. This paper explores the multifaceted role Fintech providing inclusion, improving cash flow management, facilitating access to credit, reducing costs for SMEs. Additionally, it examines how tools aid risk business continuity, market adaptability, stability. also highlights efficiencies gained through automation, data analytics, supply chain optimization, customer relationship management. Despite these benefits, SMEs face significant challenges, including regulatory compliance issues, barriers adoption, cybersecurity concerns. concludes with practical recommendations integrate solutions effectively suggests areas future research understand further long-term impact potential SME performance. Keywords: Fintech, SMEs, Economic Resilience, Operational Efficiency, Financial Inclusion.

Language: Английский

Citations

1