Financial Technology (Fintech)

Jalal, Adnan; Al Mubarak, Muneer; Durani, Farah

doi:10.1007/978-3-031-35828-9_45

Cited by 9 publications

(2 citation statements)

References 14 publications

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“…Despite successes, challenges persist in the implementation of data privacy laws, revealing gaps that need to be addressed for more robust protection. Regulatory bodies may face challenges in adequately resourcing staff and technology to keep pace with the rapid evolution of technology and emerging privacy risks (Jalal et al, 2023). In regions with multiple, overlapping regulations, lack of harmonization can lead to confusion for businesses and uneven protection for users.…”

Section: Effectiveness Of Existing Legal Frameworkmentioning

confidence: 99%

Global data privacy laws: A critical review of technology's impact on user rights

Benedicta Ehimuan,

Ogugua Chimezie, Ob,

Onyinyechi Vivian Akagha

et al. 2024

World J. Adv. Res. Rev.

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In the rapidly evolving landscape of technology, the intersection with data privacy laws has become a focal point for scholars, policymakers, and practitioners alike. This paper provides a comprehensive and critical examination of the global data privacy laws in light of the profound impact of technology on user rights. As the digital era progresses, the balance between technological innovation and the protection of individual privacy rights has become increasingly complex. The analysis encompasses a wide range of global data privacy frameworks, including the General Data Protection Regulation (GDPR), California Consumer Privacy Act (CCPA), and other relevant regional legislations. The paper explores the challenges and opportunities presented by emerging technologies, such as artificial intelligence, machine learning, and big data analytics, in shaping the landscape of data protection. Furthermore, the study evaluates the effectiveness and enforcement mechanisms of existing data privacy laws in addressing the ethical implications of technology, particularly in the context of user consent, data breaches, and algorithmic decision-making. Special attention is given to the evolving nature of digital surveillance, biometric data processing, and the implications of cross-border data transfers. In order to foster a comprehensive understanding, the paper also reviews the evolving nature of user rights and consent in the digital age. It critically examines the adequacy of current legal frameworks in addressing the challenges posed by technology-driven intrusions into individual privacy, considering issues of transparency, accountability, and user empowerment. By providing a nuanced analysis of the interplay between global data privacy laws and technological advancements, this paper aims to contribute to the ongoing discourse on the need for adaptive and robust legal frameworks. It calls for a proactive approach to address the evolving landscape, advocating for a harmonized and globally inclusive regulatory environment that safeguards user rights without stifling technological innovation.

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Section: Effectiveness Of Existing Legal Frameworkmentioning

confidence: 99%

Global data privacy laws: A critical review of technology's impact on user rights

Benedicta Ehimuan,

Ogugua Chimezie, Ob,

Onyinyechi Vivian Akagha

et al. 2024

World J. Adv. Res. Rev.

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“…All things considered, companies become more resilient when they use technology for digital transformation since it boosts their agility in responding to changing markets and stimulates innovation. In the next three years, over 150 million more customers are expected to use financial technology, thus businesses and researchers alike should be putting in a lot of effort to protect this potential (Jalal, Al Mubarak, & Durani, 2023).Digitization and financial technology would also assist institutions in preserving the legitimacy of their internal organisational structures. According to (Suzuki & Miah, 2022), the right digital transformation strategy will advance corporate practises that result in profound changes to the structure, operations, and interactions of firms.…”

Section: Figurementioning

confidence: 99%

Exploring the Nexus of Financial Technologies, Financial Inclusion, and Blockchain in Islamic Finance within Digital Transformation

Kanwal,

Tayyab,

Idrees

2023

Pak. J. Humanit. Soc. Sci

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Financial technology and continuous digital growth are having an influence on financial inclusion which has significant ramifications for the faith-based financial paradigm. The objective of this research is to investigate the relationships and effects of financial technologies in Islamic financing inside financial institutions within the framework of digital transformation and blockchain technology. The use of these advancements will significantly affect Sharia-compliant Islamic finance. This paper critically investigates the historical and current implications of Financial Technologies, financial inclusion, and Blockchain in Islamic Finance worldwide with a focus on banking, investing, and compliance with regulations. Using a comprehensive review of the literature, indexing journals, and empirical case studies, this research seeks to provide significant new insights on the development and status of several areas within the Islamic financial industry. In order to make Sharia compatible, it also examines how digitalization has altered the landscape. Furthermore, before they can considerably promote financial inclusion in many countries, the Islamic financial services industry and the junction of technology and Islamic finance still have a ways to go due to the scale necessary. The study's findings may serve as a guide for financial institutions, decision-makers, and other interested parties in order to maximise the potential of blockchain technology and other financial innovations in Islamic finance across a range of Islamic nations. Long-term, equitable economic growth will result from this.

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Equality in the digital age: leveraging technological innovation for fostering access to financial services

Suhrab,

Pinglu,

Qian

2024

SN Bus Econ

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Financial Technology (Fintech)

Cited by 9 publications

References 14 publications

Global data privacy laws: A critical review of technology's impact on user rights

Global data privacy laws: A critical review of technology's impact on user rights

Exploring the Nexus of Financial Technologies, Financial Inclusion, and Blockchain in Islamic Finance within Digital Transformation

Equality in the digital age: leveraging technological innovation for fostering access to financial services

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