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2024 | OriginalPaper | Chapter

Finance in the Digital Age: The Challenges and Opportunities

Authors : Wissem Ajili Ben Youssef, Nadia Mansour

Published in: Technology: Toward Business Sustainability

Publisher: Springer Nature Switzerland

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Abstract

The chapter 'Finance in the Digital Age: The Challenges and Opportunities' examines the profound impact of digitalization on the financial sector. Traditionally, the financial sphere was influenced by asymmetric information, agency problems, and incomplete contracts. Today, digitalization is reshaping these dynamics, offering new opportunities such as improved access to finance and innovative investment possibilities. The research methodology is based on a descriptive approach, utilizing a literature review to explore AI, innovation, and banks. The chapter analyzes the impact of digitalization on intermediated finance and market finance, presenting the evolution of risk mapping and the constraint of sustainability in finance. It also discusses the changing value chains of the financial industry, the emergence of new risks, and the role of artificial intelligence and machine learning in transforming financial systems. Notably, the chapter highlights the case of BlackRock, a pioneer in leveraging digital disruption and big data for investment strategies. The concluding sections address the challenges and opportunities in sustainable finance, emphasizing the need for international standardization and the integration of ESG criteria. This comprehensive analysis provides valuable insights into the current and future landscape of digital finance.
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Metadata
Title
Finance in the Digital Age: The Challenges and Opportunities
Authors
Wissem Ajili Ben Youssef
Nadia Mansour
Copyright Year
2024
Book
Technology: Toward Business Sustainability

Print ISBN: 978-3-031-54008-0

Electronic ISBN: 978-3-031-54009-7

Copyright Year: 2024

DOI
https://doi.org/10.1007/978-3-031-54009-7_5

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