![Open Access](https://i-scholar.in/lib/pkp/templates/images/icons/fulltextgreen.png)
![Restricted Access](https://i-scholar.in/lib/pkp/templates/images/icons/fulltextred.png)
Big Data and Metaverse Revolutionizing the Futuristic Fintech Industry
The Fintech industry is no stranger to transformation and disruption. With the emergence of new technologies such as Big Data and the Metaverse, finance companies are quickly leveraging these technologies to revolutionize the virtual fintech sector. Big data transforms how financial institutions gather, analyze, and utilize data. The sheer amount of data available has opened up countless opportunities for better customer understanding and insight into business operations. Companies can use this data to create predictive models that identify emerging trends in customer behavior, market activity, and other aspects of their business. By utilizing these insights, companies can make smarter decisions about products, services, marketing strategies, and more. The Metaverse is another technology with massive potential for disrupting the Fintech sector. The Metaverse enables businesses to offer virtual goods and services without physical stores or retail outlets. This makes it easier for companies to scale their operations across multiple regions and gives customers more options when choosing a financial service provider. Additionally, using digital currencies like Bitcoin helps reduce transaction costs significantly while increasing security compared to traditional payment methods like credit cards or PayPal.
Keywords
Big Data, Metaverse, FinTech, Innovation, Data Security.
User
Font Size
Information
- Cuțitoi, A. C. (2022). Machine Vision Algorithms, Sensory Data Mining Techniques, and Geospatial Mapping Tools in the Blockchain-based Virtual Economy. Review of Contemporary Philosophy, (21), 223-238.
- El Nokiti, A., Shaalan, K., Salloum, S., Aburayya, A., Shwedeh, F., & Shameem, B. (2022). Is Blockchain the answer? A qualitative Study on how Blockchain Technology Could be used in the Education Sector to Improve the Quality of Education Services and the Overall Student Experience. Computer Integrated Manufacturing Systems, 28(11), 543-556.
- Taherdoost, H. (2023). Blockchain: a catalyst in fintech future revolution. Future Technology (FUTECH).
- Renduchintala, T., Alfauri, H., Yang, Z., Pietro, R. D., & Jain, R. (2022). A Survey of Blockchain Applications in the FinTech Sector. Journal of Open Innovation: Technology, Market, and Complexity, 8(4), 185.
- Visconti, R. M. (2022). The Valuation of Digital Intangibles: Technology, Marketing, and the Metaverse. Springer Nature.
- Charamba, K. (2022). Beyond The Corporate Responsibility To Respect Human Rights In The Dawn Of A Metaverse. University of Miami International and Comparative Law Review, 30(1), 110.
- Lo, C. (2022). The Digital Renminbi’s Disruption: Shaping the Global Economic, Financial and Policy Landscapes. Emerald Group Publishing.
- Shi, Y., Gao, Y., Luo, Y., & Hu, J. (2022). Fusions of industrialisation and digitalisation (FID) in the digital economy: Industrial system digitalisation, digital technology industrialisation, and beyond. Journal of Digital Economy.
- Polas, M. R. H., Jahanshahi, A. A., Kabir, A. I., Sohel-Uz-Zaman, A. S. M., Osman, A. R., & Karim, R. (2022). Artificial Intelligence, Blockchain Technology, and Risk-Taking Behavior in the 4.0 IR Metaverse Era: Evidence from Bangladesh-Based SMEs. Journal of Open Innovation: Technology, Market, and Complexity, 8(3), 168.
- Indriasari, E., Prabowo, H., Gaol, F. L., & Purwandari, B. (2022). Intelligent Digital Banking Technology and Architecture: A Systematic Literature Review. International Journal of Interactive Mobile Technologies, 16(19).
- Bao, H., &Roubaud, D. (2021). Recent Development in Fintech: Non-Fungible Token. FinTech, 1(1), 44-46.
- Dash, B., & Sharma, P. (2022, December). Impact of Digitalization on Shaping Consumer-Centered Smart Healthcare System-A Comprehensive Study. In 2nd International Conference on Advances in Computing & Information Technologies (CACIT 2022).
- Moro Visconti, R. (2022). The Valuation of Digital Intangibles: Technology, Marketing, and the Metaverse.
- Lu, L. (2023). Fintech: Technology-Enabled Financial Innovation for Digital Trade. In Research Handbook on Digital Trade. Edward Elgar.
- Leng, J., Sha, W., Wang, B., Zheng, P., Zhuang, C., Liu, Q., … & Wang, L. (2022). Industry 5.0: Prospect and retrospect. Journal of Manufacturing Systems, 65, 279-295.
- Bisht, D., Singh, R., Gehlot, A., Akram, S. V., Singh, A., Montero, E. C., … & Twala, B. (2022). Imperative Role of Integrating Digitalization in the Firms Finance: A Technological Perspective. Electronics, 11(19), 3252.
- Xu, J. (2022). The Technical Foundations of FinTech: ABCDI and More. Future And Fintech, The: AbcdiAnd Beyond, 37.
- Bhat, J. R., AlQahtani, S. A., & Nekovee, M. (2022). FinTech enablers, use cases, and role of future internet of things. Journal of King Saud University-Computer and Information Sciences.
- Dash, B., Sharma, P., & Ali, A. (2022). Federated Learning for Privacy-Preserving: A Review of PII Data Analysis in Fintech. International Journal of Software Engineering & Applications, 13(4), 1-13.
- Turi, A. N. (Ed.). (2023). Financial Technologies and DeFi: A Revisit to the Digital Finance Revolution. Springer Nature.
- Ansari, M. F., Dash, B., Sharma, P., &Yathiraju, N. (2022). The Impact and Limitations of Artificial Intelligence in Cybersecurity: A Literature Review. International Journal of Advanced Research in Computer and Communication Engineering, 11(9), 81-90.
- Yathiraju, N. (2022). Investigating the use of an Artificial Intelligence Model in an ERP Cloud-Based System. International Journal of Electrical, Electronics and Computers, 7(2), 1-26.
- Dash, B., Sharma, P., Ansari, M. F., & Swayamsiddha, S. (2022a). A review of ONDC's digital warfare in India taking on the e-commerce giants. International Journal of Engineering & Technology, 11(2), 96-99.
- Melnyk, M., Kuchkin, M., & Blyznyukov, A. (2022). Commercial Banks: Traditional Banking Models Vs. Fintechs Solutions.
- Marr, B. (2022, November 17). Banking in the metaverse – the next frontier for Financial Services. Forbes. Retrieved January 23, 2023, from https://www.forbes.com/sites/bernardmarr/2022/11/16/banking-in-the-metaverse--the-next-frontier-for-financial-services/?sh=6510596e22d1
- Dubey, V., Mokashi, A., Pradhan, R., Gupta, P., &Walimbe, R. (2022). Metaverse and Banking Industry–2023 The Year of Metaverse Adoption.
- Shevlin, R. (2022, April 14). JPMorgan opens a bank branch in the metaverse (but it's not what you think it's for). Forbes. Retrieved January 23, 2023, from https://www.forbes.com/sites/ronshevlin/2022/02/16/jpmorgan-opens-a-bank-branch-in-the-metaverse-but-its-not-for-what-you-think-its-for
![](https://i-scholar.in/public/site/images/abstractview.png)
Abstract Views: 195
![](https://i-scholar.in/public/site/images/pdfview.png)
PDF Views: 102