Contemporary Studies of Risks in Emerging Technology
Contemporary Studies of Risks in Emerging Technology by Simon Grima, published by Emerald Publishing Limited on May 15, 2023, is a comprehensive examination of the evolving landscape of technology and its implications for financial risk management. This 408-page book addresses the challenges posed by rapid technological advancements, particularly in the context of the global financial crisis and the vulnerabilities exposed during the COVID-19 pandemic. It explores how these developments impact access to financial records and the increased risks associated with cybercrime, money laundering, and terrorist financing.
Readers will find an in-depth analysis of how financial technology (FinTech) is reshaping the business environment for financial services. The book discusses the advantages and disadvantages of emerging technologies, as well as the challenges they present. It emphasizes the need for research to identify trends and tools that can enhance financial analysis and risk management. By focusing on strategic planning and risk assessment, this edition serves as a valuable resource for those interested in the intersection of technology and finance, providing insights into the future of business development in an increasingly digital world.
Official synopsis Publisher
With the rapid development of technologies, it becomes increasingly important for us to remain up-to-date on new and emerging technologies. This series, therefore, aims to deliver content on current and future technologies and how the young generation benefits from this. The global financial crisis has highlighted major weaknesses in financial records, information, and data. These weaknesses have led to inadequacies in the access to financial records and information, higher operational risks, flawed bankruptcies, and foreclosure proceedings. The Lockdown due to the ongoing pandemic COVID-19 has increased the scope for criminals to exploit vulnerabilities and commit financial crimes. The increased online presence and homeworking have significantly expanded the attack surface for cybercriminals. Criminals are exploiting vulnerabilities, increasing the risks of cyber-attacks, money laundering and terrorist financing. Research is therefore needed to identify trends, tools and applications that will provide the needed records, information, and data to support more effective financial analysis and risk management.
Financial Technology (FinTech) has become one of the most pioneering and cost-effective disruptive technologies. Initial adaptation of FinTech solutions has permitted several start-ups, financial service providers, and other assorted sectors to accomplish an augmented pace of growth. Contemporary Studies of Risks in Emerging Technology: Part B also highlights how emerging technologies are altering the subtleties of doing business for financial services benefactors, possibility of emerging technologies, advantages and disadvantages, technology linked issues/challenges in financial services, and also highlights drivers of this revolution.
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