Fintech Evolution, Opportunities, and Challenges: Perspectives from Emerging Markets

Ahmed Mohamed Habib ()
Additional contact information
Ahmed Mohamed Habib: Independent Research

A chapter in Trends and Challenges of Electronic Finance, 2025, pp 235-247 from Springer

Abstract: Abstract This chapter discusses the essence and evolution of financial technology (fintech), as well as its opportunities and challenges, particularly in emerging markets. The fintech industry has recently experienced notable progress owing to the adoption of digitalization and the incorporation of advanced technologies, such as Big Data (BD) analysis, Artificial Intelligence (AI), Machine Learning (ML), Biometric Identification (BI), Blockchain (BC) technology, the Internet of Things (IoT), Cryptocurrency (CR), and Cloud-Based Services (CBS). Fintech investments have had a profound impact on the way financial services businesses embrace and incorporate fintech advances. This technology has immense potential to enable payment automation and provide immediate digital access to financial resources. Fintech presents substantial prospects for the development of emerging markets as well as notable challenges. A long-term shift necessitates overcoming key challenges, such as regulatory compliance, infrastructure, trust, and the digital divide. Accordingly, it is necessary to constantly provide reasonable and secure conditions for such technologies and address existing deficiencies and challenges through ongoing and gradual improvement processes that enhance growth and sustainability over time.

Keywords: Fintech; Islamic fintech; Artificial intelligence; Blockchain technology; Internet of things; Emerging markets (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-96-3304-3_13

Ordering information: This item can be ordered from
http://www.springer.com/9789819633043

DOI: 10.1007/978-981-96-3304-3_13

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().