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Full Description
Electronic finance or the integration of technology in finance is altering how financial services are delivered, acquired, and controlled. This sector is in the process of changing as the world enters a period when digitalization affects all spheres of human life. The dynamic convergence of technology and finance is explored in this book, where the role of technological advancements in supporting sustainable developments at a global level is explored. E-finance encompasses a broad prospect of technological changes like digital payment systems, block chain facility, artificial intelligence support and internet banking. Besides revamping the typical banking practices, these innovations are also creating new opportunities for financial and operational transparency, as well as opportunities to expand the base of the population with access to bank services. Digital strategies may enhance the quality of financial services to their clients, reduce expenses, and expand the coverage of unserved sections of society. However, there are several challenges that exist when it comes to integrating e-finance to sustainable development. It is vital to properly address issues such as cybersecurity, data privacy, compliance with legislation, and other issues that contribute to the digital divide to ensure that the benefits that come with e-finance are distributed fairly while at the same time minimizing possible risks. This book is helpful in presenting a detailed discussion of these challenges alongside strategies that any manager seeking to implement sustainable change can use to manage them.
