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Financial Technologies: Concept, Application, and Challenges

Financial Technologies: Concept, Application, and Challenges
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Author(s): Debra Hooi Chern Lee (Universiti Tunku Abdul Rahman, Malaysia), Mobashar Rehman (Universiti Tunku Abdul Rahman, Malaysia), Hui Nee Au Yong (Universiti Tunku Abdul Rahman, Malaysia) and Manzoor Ahmed Hashmani (Universiti Teknologi PETRONAS, Malaysia)
Copyright: 2020
Pages: 33
Source title: Financial Technology and Disruptive Innovation in ASEAN
Source Author(s)/Editor(s): Muhammad Anshari (Universiti Brunei Darussalam, Brunei), Mohammad Nabil Almunawar (Universiti Brunei Darussalam, Brunei) and Masairol Masri (Universiti Brunei Darussalam, Brunei)
DOI: 10.4018/978-1-5225-9183-2.ch001

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Abstract

This chapter explores the concept of Financial Technology (FinTech) and how it has progressed to where it is today. This understanding is further supplemented with the applications of FinTech and the challenges it has to tackle in order to continue to evolve in a favourable manner. Being a key player in the FinTech sector, this chapter also delves into the concept of blockchain technology (BCT) to comprehend how it holds the power to impact society through revolutionary applications. As the world heralds an era of FinTech, this chapter aims to give insights on the potential of FinTech and how it cross borders to change the lives of many.

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