The Data Processing Approach for Preserving Personal Data in FinTech-Driven Paradigm

Kim, Kyongjin; Hong, Seng-Phil

doi:10.14257/ijsia.2016.10.10.30

Cited by 7 publications

(5 citation statements)

References 5 publications

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“…The main problems with AI approaches can therefore be described as isolation and data fragmentation which is also faced by the issue of privacy protection. The government has also focused on privacy protection, as showcased by the different laws [30]. This creates a challenge that must be resolved in the growing field of AI and machine learning researchers and data scientists.…”

Section: Federated Learning For Privacy-preservingmentioning

confidence: 99%

Untitled

2022

IJSEA

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There has been tremendous growth in the field of AI and machine learning. The developments across these fields have resulted in a considerable increase in other FinTech fields. Cyber security has been described as an essential part of the developments associated with technology. Increased cyber security ensures that people remain protected, and that data remains safe. New methods have been integrated into developing AI that achieves cyber security. The data analysis capabilities of AI and its cyber security functions have ensured that privacy has increased significantly. The ethical concept associated with data privacy has also been advocated across most FinTech regulations. These concepts and considerations have all been engaged with the need to achieve the required ethical requirements. The concept of federated learning is a recently developed measure that achieves the abovementioned concept. It ensured the development of AI and machine learning while keeping privacy in data analysis. The research paper effectively describes the issue of federated learning for confidentiality. It describes the overall process associated with its development and some of the contributions it has achieved. The widespread application of federated learning in FinTech is showcased, and why federated learning is essential for overall growth in FinTech.

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Section: Federated Learning For Privacy-preservingmentioning

confidence: 99%

Untitled

2022

IJSEA

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“…Data security and data privacy are important concerns to be noted in the development of FinTech. However, there have been a number of research investigating how to work with data-based processes in a secure manner, such as by means of strong authentication operations (Kim & Hong, 2016). To achieve this, it is necessary to refine the implementation of innovative FinTech and integrate the experiences of many nations.…”

Section: Research On Fintechmentioning

confidence: 99%

Blockchain and Cryptocurrency Innovation for a Sustainable Financial System

ARNONE

2022

IJIM

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FinTech ecosystem and business model development are extensively discussed in the literature. The adoption of innovative technologies and digital transformation has impacted the approach to carrying on the businesses and channels that offer financial highly reliable and instinctive services and products. This study primarily deals with the identification of data sets. Also, a systematic review protocol was created using the PRISMA method to describe the hypothesis and rational and planned techniques of the study. Blockchain technology has been employed in an assortment of sectors and used by several nations for improving ecological supportability. In fact, blockchain technology has been effective to increase green production, tracking and preserving environmental degradation and pollution-related data, and collecting and analyzing the low carbon or green data in real time for more timely decisions. There is a scarcity of literature on studying the impact of blockchain and cryptocurrency on adopting FinTech and its sustainability. Therefore, the aim of this study is to add to this body of literature an investigation on the impact of Blockchain and Cryptocurrency adoption on FinTech for the environment-friendly nature.

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“…The historical view of fintech, ecosystems, business models, and types of fintech investments was found to be a preliminary topic of study [3,15,18]. An important issue in developing fintech is data privacy and data security, hence, studies have been undertaken that propose methods to approach data-based processes, such as strong authentication functions [39]. For this reason, mechanisms for using innovative financial technology need to be refined, and rules relating to the experiences of various countries need to be integrated.…”

Section: Research On Fintech (In General)mentioning

confidence: 99%

“…. Developing a trust-based financial system, including comprehensive and measurable security mechanisms[39] 48. Data security and consumer trust[24] Infrastructure49.…”

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confidence: 99%

Challenges and Trends of Financial Technology (Fintech): A Systematic Literature Review

2020

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Digital transformation creates challenges in all industries and business sectors. The development of digital transformation has also clearly triggered the emergence of fintech (financial technology) initiatives, which are recognized as some of the most important innovations in the financial industry. These initiatives are developing rapidly, driven in part by the sharing economy, regulations, and information technology. However, research in the field of fintech remains in its infancy. Fintech offers several services, such as funding, payment (including electronic wallets), e-aggregators, e-trading, and e-insurance, and cryptocurrencies such as Bitcoin. This provides an opportunity to more closely examine fintech’s research challenges and trends. This study aims to (1) determine the state of the art of financial technology research; (2) identify gaps in the financial technology research field; and (3) identify challenges and trends for future research potential. The novel proposal in this study includes theoretical contributions regarding financial technology. Using the systematic literature review approach of Kitchenham, in addition to thematic analysis, meta-analysis and observation to validate the quality of literature and analysis, the results of this study provide a theoretical basis fintech research from an information systems perspective, including the formulation of fintech technology concepts and their development.

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The Data Processing Approach for Preserving Personal Data in FinTech-Driven Paradigm

Cited by 7 publications

References 5 publications

Untitled

Untitled

Blockchain and Cryptocurrency Innovation for a Sustainable Financial System

Challenges and Trends of Financial Technology (Fintech): A Systematic Literature Review

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