Technology in FinTech - How Trends Shape Finance
Dang, Hoang Nam Phuong (2021)
Dang, Hoang Nam Phuong
2021
All rights reserved. This publication is copyrighted. You may download, display and print it for Your own personal use. Commercial use is prohibited.
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2021060213500
https://urn.fi/URN:NBN:fi:amk-2021060213500
Tiivistelmä
The finance and banking industry has been reshaped due to the new digitalization trends.
FinTech becomes a common concept in the finance field, representing outstanding
innovations taken by organizations engaged in financial activities. This word encompasses several strategies, from customer’ security to the distribution of technology in financial services. Besides, the current technology that has a huge potential for implementation in various sectors is blockchain technology. The study aims to analyze
blockchain as a foundation technology, which is already known as a part of Bitcoin, can also be the “new Internet”.
This thesis is a literature review that provides a theoretical framework to examine how
FinTech technology affects the financial industry. The objective of the thesis is to define the concept of FinTech. The goal was to determine a report about highlighted technology first, then the evolution of the most significant FinTech’ innovations: blockchain and
cryptocurrency, and finally developed a demo of them. Quantitative research is used to
identify the working principle of these technologies, security threats, and their effect in the banking and financial industry.
FinTech becomes a common concept in the finance field, representing outstanding
innovations taken by organizations engaged in financial activities. This word encompasses several strategies, from customer’ security to the distribution of technology in financial services. Besides, the current technology that has a huge potential for implementation in various sectors is blockchain technology. The study aims to analyze
blockchain as a foundation technology, which is already known as a part of Bitcoin, can also be the “new Internet”.
This thesis is a literature review that provides a theoretical framework to examine how
FinTech technology affects the financial industry. The objective of the thesis is to define the concept of FinTech. The goal was to determine a report about highlighted technology first, then the evolution of the most significant FinTech’ innovations: blockchain and
cryptocurrency, and finally developed a demo of them. Quantitative research is used to
identify the working principle of these technologies, security threats, and their effect in the banking and financial industry.