Skip to main content

2024 | OriginalPaper | Buchkapitel

Finance in the Digital Age: The Challenges and Opportunities

verfasst von : Wissem Ajili Ben Youssef, Nadia Mansour

Erschienen in: Technology: Toward Business Sustainability

Verlag: Springer Nature Switzerland

Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.

search-config
loading …

Abstract

The financial sphere has been experiencing an acceleration of technological innovations for years. In the medium and long term, the landscape of financial products and services is expected to change, notably due to new trends such as digitalization, big data, Blockchain, and crypto-assets. Disruption will affect financial products and services and disturb the various operators’ value chains and business models.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Springer Professional "Technik"

Online-Abonnement

Mit Springer Professional "Technik" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 390 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Maschinenbau + Werkstoffe




 

Jetzt Wissensvorsprung sichern!

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 340 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Jetzt Wissensvorsprung sichern!

Literatur
Zurück zum Zitat Alchian, A.A., Demsetz, H.: Production, information costs, and economic organization. Am. Econ. Rev. 62(5), 777–795 (1972) Alchian, A.A., Demsetz, H.: Production, information costs, and economic organization. Am. Econ. Rev. 62(5), 777–795 (1972)
Zurück zum Zitat Alfaro, E., Marco, B., Fabien, G., Juan, M., Ida, S., Barbara, W.: Bbva’s data monetization journey. MIS Q. Exec. 18(2), 118–127 (2019) Alfaro, E., Marco, B., Fabien, G., Juan, M., Ida, S., Barbara, W.: Bbva’s data monetization journey. MIS Q. Exec. 18(2), 118–127 (2019)
Zurück zum Zitat Aloisi De, L.J. : La Finance : un levier pour le développement durable, in Rapport moral sur l’argent dans le monde, 341–351 (1999) Aloisi De, L.J. : La Finance : un levier pour le développement durable, in Rapport moral sur l’argent dans le monde, 341–351 (1999)
Zurück zum Zitat Banque de France. (2019). Évaluation des risques du système financier (2019) Banque de France. (2019). Évaluation des risques du système financier (2019)
Zurück zum Zitat Bhatia, A., Chandani, A., Chhateja, J.: Robo advisory and its potential in addressing the behavioral biases of investors—A qualitative study in Indian context. J. Behav. Exp. Finan. 25, 100281 (2020)CrossRef Bhatia, A., Chandani, A., Chhateja, J.: Robo advisory and its potential in addressing the behavioral biases of investors—A qualitative study in Indian context. J. Behav. Exp. Finan. 25, 100281 (2020)CrossRef
Zurück zum Zitat Bollaert, H., Lopez-de-Silanes, F., Schwienbacher, A.: Fintech and access to finance. J. Corp. Finan. 68, 101941 (2021)CrossRef Bollaert, H., Lopez-de-Silanes, F., Schwienbacher, A.: Fintech and access to finance. J. Corp. Finan. 68, 101941 (2021)CrossRef
Zurück zum Zitat Chen, S., Zhang, H.: Does digital finance promote manufacturing servitization: micro evidence from China. Int. Rev. Econ. Financ. 76, 856–869 (2021)CrossRef Chen, S., Zhang, H.: Does digital finance promote manufacturing servitization: micro evidence from China. Int. Rev. Econ. Financ. 76, 856–869 (2021)CrossRef
Zurück zum Zitat Coase, R.: The new institutional economics. J. Inst. Theor. Econ. 140, 229–231 (1984) Coase, R.: The new institutional economics. J. Inst. Theor. Econ. 140, 229–231 (1984)
Zurück zum Zitat DePrado, J.W., de Castro Alcântara, V., de Melo Carvalho, F., Vieira, K.C., Machado, L.K.C., Tonelli, D.F.: Multivariate analysis of credit risk and bankruptcy research data: a bibliometric study involving different knowledge fields (1968–2014). Scientometrics 106(3), 1007–1029 (2016)CrossRef DePrado, J.W., de Castro Alcântara, V., de Melo Carvalho, F., Vieira, K.C., Machado, L.K.C., Tonelli, D.F.: Multivariate analysis of credit risk and bankruptcy research data: a bibliometric study involving different knowledge fields (1968–2014). Scientometrics 106(3), 1007–1029 (2016)CrossRef
Zurück zum Zitat Elena-Iulia, A.: The impact of the Internet on the business environment. Procedia Econ. Finan. 15, 951–958 (2014)CrossRef Elena-Iulia, A.: The impact of the Internet on the business environment. Procedia Econ. Finan. 15, 951–958 (2014)CrossRef
Zurück zum Zitat Fama, E.F.: Efficient capital markets: a review of theory and empirical work. J. Finan. 25, 383–417 (1970)CrossRef Fama, E.F.: Efficient capital markets: a review of theory and empirical work. J. Finan. 25, 383–417 (1970)CrossRef
Zurück zum Zitat Fama, E.F.: Agency problems and the theory of the firm. J. Polit. Econ. 88, 288–307 (1880)CrossRef Fama, E.F.: Agency problems and the theory of the firm. J. Polit. Econ. 88, 288–307 (1880)CrossRef
Zurück zum Zitat Fama, E.F., Jensen, M.: Agency problems and residuals claims. J. Law Econ. 26, 327–349 (1983)CrossRef Fama, E.F., Jensen, M.: Agency problems and residuals claims. J. Law Econ. 26, 327–349 (1983)CrossRef
Zurück zum Zitat Fama, E.F.: Efficient capital markets: ii. J. Finan. 46(5), 1575–1618 (1991)CrossRef Fama, E.F.: Efficient capital markets: ii. J. Finan. 46(5), 1575–1618 (1991)CrossRef
Zurück zum Zitat Fama, E.F.: Market efficiency, long-term returns, and behavioral finance. J. Finan. Econ. 49, 283–306 (1998)CrossRef Fama, E.F.: Market efficiency, long-term returns, and behavioral finance. J. Finan. Econ. 49, 283–306 (1998)CrossRef
Zurück zum Zitat Faure, M.: Comment l’intelligence artificielle peut répondre aux enjeux économiques de l’industrie de la gestion d’actifs. Revue d’économie financière 135, 51–66 (2019) Faure, M.: Comment l’intelligence artificielle peut répondre aux enjeux économiques de l’industrie de la gestion d’actifs. Revue d’économie financière 135, 51–66 (2019)
Zurück zum Zitat Flood, M.D., Jagadish, H.V., Raschid, L.: Big data challenges and opportunities in financial stability monitoring. Financ. Stab. Rev. 20, 129–142 (2016) Flood, M.D., Jagadish, H.V., Raschid, L.: Big data challenges and opportunities in financial stability monitoring. Financ. Stab. Rev. 20, 129–142 (2016)
Zurück zum Zitat Königstorfer, F., Thalmann, S.: Applications of artificial intelligence in commercial banks–a research agenda for behavioral finance. J. Behav. Exp. Finan. 27, 100352 (2020)CrossRef Königstorfer, F., Thalmann, S.: Applications of artificial intelligence in commercial banks–a research agenda for behavioral finance. J. Behav. Exp. Finan. 27, 100352 (2020)CrossRef
Zurück zum Zitat French K.R.: Stock return and weekend effects. J. Finan. Econ. 55–69 (1980) French K.R.: Stock return and weekend effects. J. Finan. Econ. 55–69 (1980)
Zurück zum Zitat Gartner. Hype Cycle for digital banking transformation (2019) Gartner. Hype Cycle for digital banking transformation (2019)
Zurück zum Zitat Goodell, J.W., Kumar, S., Lim, W.M., Pattnaik, D.: Artificial intelligence and machine learning in finance: identifying foundations, themes, and research clusters from bibliometric analysis. J. Behav. Exp. Finan. 32, 100577 (2021)CrossRef Goodell, J.W., Kumar, S., Lim, W.M., Pattnaik, D.: Artificial intelligence and machine learning in finance: identifying foundations, themes, and research clusters from bibliometric analysis. J. Behav. Exp. Finan. 32, 100577 (2021)CrossRef
Zurück zum Zitat Grossman, S., Stiglitz, J.: On the impossibility of informationally efficient markets. Am. Econ. Rev. 70, 393–408 (1980) Grossman, S., Stiglitz, J.: On the impossibility of informationally efficient markets. Am. Econ. Rev. 70, 393–408 (1980)
Zurück zum Zitat Grossman, S., Hart, O.: The costs and benefits of ownership: a theory of vertical and lateral integration. J. Polit. Econ. 94, 691–719 (1986)CrossRef Grossman, S., Hart, O.: The costs and benefits of ownership: a theory of vertical and lateral integration. J. Polit. Econ. 94, 691–719 (1986)CrossRef
Zurück zum Zitat Hart, O., Moore, J.: Property rights and the nature of the firm. J. Polit. Econ. 98, 1119–1158 (1990)CrossRef Hart, O., Moore, J.: Property rights and the nature of the firm. J. Polit. Econ. 98, 1119–1158 (1990)CrossRef
Zurück zum Zitat Holzinger, A., Kieseberg, P., Weippl, E., Tjoa, A.M.: Current advances, trends and challenges of machine learning and knowledge extraction: from machine learning to explainable AI. In: Holzinger, A., Kieseberg, P., Tjoa, A.M., Weippl, E. (eds.) CD-MAKE 2018. LNCS, vol. 11015, pp. 1–8. Springer, Cham (2018). https://doi.org/10.1007/978-3-319-99740-7_1CrossRef Holzinger, A., Kieseberg, P., Weippl, E., Tjoa, A.M.: Current advances, trends and challenges of machine learning and knowledge extraction: from machine learning to explainable AI. In: Holzinger, A., Kieseberg, P., Tjoa, A.M., Weippl, E. (eds.) CD-MAKE 2018. LNCS, vol. 11015, pp. 1–8. Springer, Cham (2018). https://​doi.​org/​10.​1007/​978-3-319-99740-7_​1CrossRef
Zurück zum Zitat Hurlin, C., Pérignon, C.: Machine learning et nouvelles sources de données pour le scoring de crédit. Revue d’économie financière, 21- 50 (2019) Hurlin, C., Pérignon, C.: Machine learning et nouvelles sources de données pour le scoring de crédit. Revue d’économie financière, 21- 50 (2019)
Zurück zum Zitat ISO Focus. (2020). Établir un cadre pour un développement durable, in Finance : la nouvelle vague, ISO Focus- 138, janvier, 26–31 ISO Focus. (2020). Établir un cadre pour un développement durable, in Finance : la nouvelle vague, ISO Focus- 138, janvier, 26–31
Zurück zum Zitat Jadhav, S., Hongmei, H., Karl, J.: An academic review: applications of data mining techniques in finance industry. Int. J. Soft Comput. Artif. Intell. 4(1), 79–95 (2016) Jadhav, S., Hongmei, H., Karl, J.: An academic review: applications of data mining techniques in finance industry. Int. J. Soft Comput. Artif. Intell. 4(1), 79–95 (2016)
Zurück zum Zitat Jensen, M.C., Meckling, W.H.: Theory of the firm: managerial behavior, agency costs and ownership structure J. Financ. Econ. 3(4), 305–360 (1976) Jensen, M.C., Meckling, W.H.: Theory of the firm: managerial behavior, agency costs and ownership structure J. Financ. Econ. 3(4), 305–360 (1976)
Zurück zum Zitat Karthick, A.V., Gopalsamy, S.: Role of IoT in Business Sustainability. In: Aloysius Edward, J., Jaheer Mukthar, K.P., Asis, E.R., Sivasubramanian, K. (eds) Current Trends in Economics, Business and Sustainability. ICEBS 2023. Contributions to Environmental Sciences & Innovative Business Technology. Springer, Singapore (2023). https://doi.org/10.1007/978-981-99-3366-2_2 Karthick, A.V., Gopalsamy, S.: Role of IoT in Business Sustainability. In: Aloysius Edward, J., Jaheer Mukthar, K.P., Asis, E.R., Sivasubramanian, K. (eds) Current Trends in Economics, Business and Sustainability. ICEBS 2023. Contributions to Environmental Sciences & Innovative Business Technology. Springer, Singapore (2023). https://​doi.​org/​10.​1007/​978-981-99-3366-2_​2
Zurück zum Zitat Le Saout, E.: Finance et développement durable. Euro-Mediterranean Econ. Finan. Rev. 1(4), 176–203 (2006) Le Saout, E.: Finance et développement durable. Euro-Mediterranean Econ. Finan. Rev. 1(4), 176–203 (2006)
Zurück zum Zitat Li, X., Tang, P.: Stock index prediction based on wavelet transform and FCD-MLGRU. J. Forecast. 39(8), 1229–1237 (2020)MathSciNetCrossRef Li, X., Tang, P.: Stock index prediction based on wavelet transform and FCD-MLGRU. J. Forecast. 39(8), 1229–1237 (2020)MathSciNetCrossRef
Zurück zum Zitat Charles martinet, A., Reynaud, E.: Entreprise durable, finance et stratégie. Revue française de gestion, 5, 121–136 (2004) Charles martinet, A., Reynaud, E.: Entreprise durable, finance et stratégie. Revue française de gestion, 5, 121–136 (2004)
Zurück zum Zitat Mavlutova, I., Spilbergs, A., Verdenhofs, A., Natrins, A., Arefjevs, I., Volkova, T.: Digital transformation as a driver of the financial sector sustainable development: an impact on financial inclusion and operational efficiency. Sustainability 15(1), 207 (2022). https://doi.org/10.3390/su15010207CrossRef Mavlutova, I., Spilbergs, A., Verdenhofs, A., Natrins, A., Arefjevs, I., Volkova, T.: Digital transformation as a driver of the financial sector sustainable development: an impact on financial inclusion and operational efficiency. Sustainability 15(1), 207 (2022). https://​doi.​org/​10.​3390/​su15010207CrossRef
Zurück zum Zitat Meadows, D.H., Meadows, D.I., Randers, J., William, W., Behrens, III W.W.: The Limits to Growth: A Report for The Club of Rome’s Project on the Predicament of Mankind, Potomac Associates Universe Books (1972) Meadows, D.H., Meadows, D.I., Randers, J., William, W., Behrens, III W.W.: The Limits to Growth: A Report for The Club of Rome’s Project on the Predicament of Mankind, Potomac Associates Universe Books (1972)
Zurück zum Zitat Meadows, D., Randers, J., Meadows, D.: Limits to growth, the 30-Year. Chelsea Green Publishing (2004) Meadows, D., Randers, J., Meadows, D.: Limits to growth, the 30-Year. Chelsea Green Publishing (2004)
Zurück zum Zitat Mieszala, J.C.: La banque transactionnelle de gros : l’innovation permanente. Revue d’économie financière, 85- 96 (2019) Mieszala, J.C.: La banque transactionnelle de gros : l’innovation permanente. Revue d’économie financière, 85- 96 (2019)
Zurück zum Zitat More, A.B. : Implementing digital age experience marketing to make customer relations more sustainable. In: Nayyar, A., Naved, M., Rameshwar, R. (eds.) New Horizons for Industry 4.0 in Modern Business. Contributions to Environmental Sciences & Innovative Business Technology. Springer, Cham (2023). https://doi.org/10.1007/978-3-031-20443-2_5 More, A.B. : Implementing digital age experience marketing to make customer relations more sustainable. In: Nayyar, A., Naved, M., Rameshwar, R. (eds.) New Horizons for Industry 4.0 in Modern Business. Contributions to Environmental Sciences & Innovative Business Technology. Springer, Cham (2023). https://​doi.​org/​10.​1007/​978-3-031-20443-2_​5
Zurück zum Zitat Petticrew, M., Roberts, H.: Systematic Reviews in the Social Sciences: A Practical Guide. Wiley, Hoboken (2008) Petticrew, M., Roberts, H.: Systematic Reviews in the Social Sciences: A Practical Guide. Wiley, Hoboken (2008)
Zurück zum Zitat Sangwan, V., Harshita, P.P., Singh, S.: Financial technology: a review of extant literature. Stud. Econ. Financ. 37(1), 71–88 (2019)CrossRef Sangwan, V., Harshita, P.P., Singh, S.: Financial technology: a review of extant literature. Stud. Econ. Financ. 37(1), 71–88 (2019)CrossRef
Zurück zum Zitat Srivastava, S.: Prospective application of blockchain in mutual fund industry. In: Nayyar, A., Naved, M., Rameshwar, R. (eds) New Horizons for Industry 4.0 in Modern Business. Contributions to Environmental Sciences & Innovative Business Technology. Springer, Cham (2023). https://doi.org/10.1007/978-3-031-20443-2_6 Srivastava, S.: Prospective application of blockchain in mutual fund industry. In: Nayyar, A., Naved, M., Rameshwar, R. (eds) New Horizons for Industry 4.0 in Modern Business. Contributions to Environmental Sciences & Innovative Business Technology. Springer, Cham (2023). https://​doi.​org/​10.​1007/​978-3-031-20443-2_​6
Zurück zum Zitat Wall, L.D.: Some financial regulatory implications of artificial intelligence. J. Econ. Bus. 100, 55–63 (2018)CrossRef Wall, L.D.: Some financial regulatory implications of artificial intelligence. J. Econ. Bus. 100, 55–63 (2018)CrossRef
Zurück zum Zitat West, J., Bhattacharya, M.: Intelligent financial fraud detection: a comprehensive review. Comput. Secur. 57, 47–66 (2016)CrossRef West, J., Bhattacharya, M.: Intelligent financial fraud detection: a comprehensive review. Comput. Secur. 57, 47–66 (2016)CrossRef
Zurück zum Zitat Williamson, O.E.: Transaction-cost economics: the governance of contractual relations. J. Law Econ. 22, 3–61 (1979)CrossRef Williamson, O.E.: Transaction-cost economics: the governance of contractual relations. J. Law Econ. 22, 3–61 (1979)CrossRef
Zurück zum Zitat World Economic Forum (2020). The Global Risks Report, 2020 World Economic Forum (2020). The Global Risks Report, 2020
Metadaten
Titel
Finance in the Digital Age: The Challenges and Opportunities
verfasst von
Wissem Ajili Ben Youssef
Nadia Mansour
Copyright-Jahr
2024
DOI
https://doi.org/10.1007/978-3-031-54009-7_5

    Marktübersichten

    Die im Laufe eines Jahres in der „adhäsion“ veröffentlichten Marktübersichten helfen Anwendern verschiedenster Branchen, sich einen gezielten Überblick über Lieferantenangebote zu verschaffen.