Artificial intelligence algorithms and cloud computing technologies in blockchain-based fintech management

• Authors: George Lăzăroiu , Mădălina Bogdan , Marinela Geamănu , Lăcrămioara Hurloiu , Luminița Luminița , Roxana Ștefănescu

Abstracts

EN

Research background: Fintech development shapes corporate investment efficiency and economic growth with innovative tools, and can decrease financing constraints of enterprises, enabling direct and indirect financing and furthering inter-bank competition. Crowdfunding- and blockchain-based fintech operations harness deep and maching learning algorithms, augmented and virtual reality technologies, and big data analytics in mobile payment transactions. Purpose of the article: We show that fintechs have reconfigured financial service delivery by harnessing AI-based data-driven algorithms and cloud and blockchain technologies. Fintech optimizes financial organization and services, economic structures and growth, data analysis, and digital banking performance.  Machine learning algorithms can streamline payment operation capabilities and process promptness, ensuring smooth operational flows, assessing risks, and detecting frauds and money laundering by historical data and customer behavior analysis across instant payment networks and infrastructures. Methods: Quality tools: AXIS, Eppi-Reviewer, PICO Portal, and SRDR. Search period: July 2023. Search terms: “fintech” + “artificial intelligence algorithms”, “cloud computing technologies”, and “blockchain technologies”. Selected sources: 40 out of 195. Published research inspected: 2023. Data visualization tools: Dimensions and VOSviewer. Reporting quality assessment tool: PRISMA. Findings & value added: Fintech development enables organizational innovation by mitigating information asymmetry and financing limitations while providing financial assistance and tax incentives in relation to products and services. The fintech growth has influenced the dynamic intermediary function of financial institutions in terms of sustainability and economic development. Fintech and natural resources negatively influence, while green innovations and financial development further, environmental sustainability.

Keywords

EN

artificial intelligence algorithms; cloud computing; blockchain; fintech; green and sustainable finance; banking

• Publisher: Instytut Badań Gospodarczych
• Journal: Oeconomia Copernicana
• Year: 2023
• Volume: 14
• Issue: 3
• Pages: 707-730

Dates

published

2023

Contributors

author

George Lăzăroiu

• Spiru Haret University

• https://orcid.org/0000000234226310

author

Mădălina Bogdan

• Spiru Haret University

• https://orcid.org/0000000320195960

author

Marinela Geamănu

• Spiru Haret University

• https://orcid.org/0000000340544865

author

Lăcrămioara Hurloiu

• Spiru Haret University

• https://orcid.org/0000000240156101

author

Luminița Luminița

• Spiru Haret University

• https://orcid.org/0000000198297524

author

Roxana Ștefănescu

• Spiru Haret University

• https://orcid.org/0000000347623814

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Identifiers

DOI

10.24136/oc.2023.021

Biblioteka Nauki

19901187