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Digital Transformations in Business and FinTech

Digital Transformations in Business and FinTech

Adeel Ahmed Zeerak, Razi Arshad, Naveed Naeem Abbas, Usama Habib Chaudhry
Copyright: © 2023 |Pages: 20
ISBN13: 9781668452844|ISBN10: 1668452847|ISBN13 Softcover: 9781668452851|EISBN13: 9781668452868
DOI: 10.4018/978-1-6684-5284-4.ch001
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MLA

Zeerak, Adeel Ahmed, et al. "Digital Transformations in Business and FinTech." Handbook of Research on Cybersecurity Issues and Challenges for Business and FinTech Applications, edited by Saqib Saeed, et al., IGI Global, 2023, pp. 1-20. https://doi.org/10.4018/978-1-6684-5284-4.ch001

APA

Zeerak, A. A., Arshad, R., Abbas, N. N., & Chaudhry, U. H. (2023). Digital Transformations in Business and FinTech. In S. Saeed, A. Almuhaideb, N. Kumar, N. Zaman, & Y. Zikria (Eds.), Handbook of Research on Cybersecurity Issues and Challenges for Business and FinTech Applications (pp. 1-20). IGI Global. https://doi.org/10.4018/978-1-6684-5284-4.ch001

Chicago

Zeerak, Adeel Ahmed, et al. "Digital Transformations in Business and FinTech." In Handbook of Research on Cybersecurity Issues and Challenges for Business and FinTech Applications, edited by Saqib Saeed, et al., 1-20. Hershey, PA: IGI Global, 2023. https://doi.org/10.4018/978-1-6684-5284-4.ch001

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Abstract

The ever-growing technological innovations and inventions are reshaping businesses at external and internal levels. Digital transformation is the process that integrates technologies in business processes and strategies. This transformation is mostly dependent on data and is driven by evolving technologies, rapid growth in competition, and shift in consumer behavior. It enables a business to be more agile and productive and to provide a better customer experience. This chapter discusses the impact of digital transformation in business and the fintech industry by highlighting the modern technologies used in transformation, the effect on business, the fintech industry, and their current trends. Furthermore, it elaborates on how digital transformation affects businesses at different levels. Lastly, it discusses the challenges faced by businesses in the process of digital transformation and recommends solutions for them.

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