Synergy of AI and Fintech in the Digital Gig Economy

Alex Khang, Babasaheb Jadhav, Vugar Abdullayev Hajimahmud , Ipseeta Satpathy

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English

CRC Press
30 September 2024

Finance; Production engineering; Automatic control engineering; Distributed databases; Artificial intelligence

The convergence of Artificial Intelligence (AI) and Financial Technology (Fintech) has ushered in a new era of innovation in the finance ecosystem, particularly within the context of the digital gig economy. This emerging trend has created a unique set of challenges and opportunities, which AI and Fintech are poised to address. This book explores how the convergence of these cutting-edge technologies is reshaping the financial landscape, especially related to the way people work and earn in the gig economy, and examines the rise of the digital gig economy and its impact on the traditional workforce.

Synergy of AI and Fintech in the Digital Gig Economy presents the key advancements in AI and Fintech, how they are disrupting traditional financial systems, and how AI-powered tools and platforms are streamlining financial processes, enhancing decision-making, and providing personalized services to individuals and businesses. The book explores how the synergy of AI and Fintech is advancing financial inclusion and looks at how these technologies are providing previously underserved populations with access to financial services and empowering them to participate in the global economy. Highlights include how AI and Fintech are revolutionizing risk assessment and management in the financial sector and discuss the use of advanced algorithms to detect fraud, assess creditworthiness, and mitigate financial risk more effectively. The book also addresses the regulatory challenges and ethical considerations arising from the integration of AI and Fintech and discusses the need for responsible AI and data privacy to ensure sustainable development. Insights, case studies, and practical examples provided in the book show how AI and Fintech are driving transformative changes and represent an area of significant interest and importance in the realm of finance and technology.

Written for students, scholars, lecturers, researchers, scientists, experts, specialists, and engineers, this book represents an area of significant interest and importance in the realm of finance and technology. Real-world examples and contributions from industry experts give readers a comprehensive understanding of this hot trending topic.

Edited by: Alex Khang, Babasaheb Jadhav, Vugar Abdullayev Hajimahmud, Ipseeta Satpathy
Imprint: CRC Press
Country of Publication: United Kingdom
Dimensions: Height: 234mm, Width: 156mm,
Weight: 980g
ISBN: 9781032716763
ISBN 10: 1032716762
Pages: 424
Publication Date: 30 September 2024
Audience: College/higher education , Professional and scholarly , Primary , Undergraduate
Format: Hardback
Publisher's Status: Active

Alex Khang is a Professor in Information Technology, D.Sc. D.Litt., AI and Data Scientist, Software industry expert, and the Chief of Technology Officer at the Global Research Institute of Technology and Engineering, North Carolina, United States. He has published 74 documents indexed by Scopus. Authored 52 books, 3 on software development, and authored/co-authored 10 papers and 50 book chapters. He has also edited 15 books and is calling for book chapters for 17 edited books in the fields of AI ecosystem. He has over 30 years of working experience as a product manager, data engineer, AI engineer, cloud solution architect, solution architect, software architect, and database expert in the foreign corporations of Germany, Sweden, the United States, Singapore, and multinationals (former CEO, CTO, Engineering Director, Product Manager, Data Product Manager). Babasaheb Jadhav is an Associate Professor in Finance and International Business at Dr. D. Y. Patil Vidyapeeth (Deemed to be University), Global Business School and Research Centre, Sant Tukaram Nagar, Pimpri, Pune (Maharashtra), India. He has more than 12 years of experience in industry, research, and academics. Dr. Jadhav has earned his Ph.D. from Savitribai Phule Pune University (SPPU) in Financial Management. He has to his credit 1 Funded Research Project, 2 Patents, 6 copyrights, 7 books, and more than 50 research papers, which include case studies in various national and internationally indexed journals and 4 articles published by reputed magazines and national newspapers. His areas of interest and research include Financial Management, Taxation, Economics, General Management, and International Business Management. Vugar Abdullayev Hajimahmud is a Doctor of Technical Sciences, Associate Professor, at Azerbaijan State Oil, and Industry University, Baku, Azerbaijan. He completed his Ph.D. in Computer Science in 2005 and is currently an Associate Professor of the Computer Engineering Department at the Azerbaijan State Oil and Industry University. He is the author of 61 scientific papers and his research is related to the study of cyber-physical systems, IoT, big data, smart cities, and information technologies. He has published 4 book chapters and 1 edited book on the Healthcare Ecosystem with CRC Press/Taylor and Francis. Ipseeta Satpathy is a Senior Professor, Ph.D., D.Litt., and former visiting professor at Lynchburg College Virginia, USA. She is the winner of the Oxford Journal Distinguished Research Professor Award, at Cambridge University, London, and has over 23 years of experience in teaching and administration at KIIT University. She has authored 6 books and has published more than 200 research papers in various referred national and international journals, and conference proceedings of more than 60 research papers which are Scopus indexed. In 2014 Dr. Satpathy was awarded the prestigious Oxford Journal Distinguished Research Professor Award at Cambridge University, London, and was invited by the Charlton Business School, University of Massachusetts to address the fraternity.