Jaspreet Kau
IS 499 Information System Capstones
Project Proposal
09/13/2021
Fintech Applications
For my project proposal report I want to discuss the Fintech which is the new
financial industry, and which is applied as the technology, so that we can improve all the
financial activities. As per the authors provided definition in 2018 it can be considered as
the innovative ideas which are useful for improving the financial service processes and it
proposed the technology solutions as per the different situations in the business. Fintech
can take the form of software, a service, or a business that provides technologically
advanced ways to make financial processes more efficient by disrupting traditional
methods. These solutions are the result of global financial crisis in 2008.
This development was further characterised by the integration in e-finance innovation,
social media, big analytic data, artificial intelligence, Internet technology and social
networking services. It has created a challenge for multiple traditional financial institutions
like the banks so that they must develop the business models in the practical direction.
Along with this all the new start-ups were able to utilise this as the opportunity so that they
can enter into the financial services industry. It also shows present in financial sector then
it is started with the emergence of cheques as the mode of payment.
In 1958 the Bank of America also produced their first credit card and the automatic
transaction machine appeared for helping the process of financial transactions in 1967. It
was followed by the sharing okay but transaction. There has been development fo
payments and crowdfunding was also reduced. It shows that it is the fast-growing energy
and hence there coming of reviewing research so that we can capture the evaluation all
financial services.
For improving the understanding of industry players, regulators, and the aggregators
about an extent for which the fintech industry is cu
ently developing it is very important to
conduct the literature review. The aim of this study is to determine cu
ent state of art in
the field of financial technology identify all the caps which are cu
ently present in the
financial technology research and the last stage is to find out the challenges and trends
which are present in the future potential in research. A proper literature review needs to
e performed to achieve these objectives.
There is requirement of discussing the initial problems which were raised by the
development of this technology like the loan defaults, information asymmetry and moral
hazard. It is important to have a systematic literature review for the matter data process.
We can try to study from the different work processes and grouping. The results of this
analysis can be further validated by the experts, and it will provide the overview about the
problems challenges and the trends which are present in the fintech sector.
References
Suryono, R. R., Budi, I., & Purwandari, B XXXXXXXXXXChallenges and trends of financial
technology (Fintech): a systematic literature review. Information, 11(12), 590.
Pollari, I XXXXXXXXXXThe rise of Fintech opportunities and challenges. Jassa, (3), 15-21.
Kiyutsevskaya, A. M XXXXXXXXXXFintech: cu
ent trends and challenges for monetary
policy. Voprosy ekonomiki, (4), XXXXXXXXXX.
Didenko, A XXXXXXXXXXRegulating FinTech: Lessons from Africa. San Diego Int'l LJ, 19, 311.
Romānova, I., & Kudinska, M XXXXXXXXXXBanking and Fintech: a challenge or opportunity?.
In Contemporary issues in finance: Cu
ent challenges from across Europe. Emerald
Group Publishing Limited.
Draft Proposal XXXXXXXXXX
Draft Proposal
Fintech Applications
Jaspreet Kaur
Is-499 Information System Capstones
10/15/2021
Proposal XXXXXXXXXX
Table of Contents
Introduction ........................................................................................... XXXXXXXXXX3
Reason to choose the press article ..................................................... XXXXXXXXXX3
Important points of the Article ............................................................. XXXXXXXXXX3
Thoughts regarding this article ........................................................... XXXXXXXXXX4
Proposal ................................................................................................. XXXXXXXXXX4
Summary ................................................................................................ XXXXXXXXXX6
Conclusion ............................................................................................. XXXXXXXXXX7
References ............................................................................................. XXXXXXXXXX7
Proposal XXXXXXXXXX
Introduction
The topic for this proposal is analysis of the press release published in BA
times which ensures the development of Fintech technology and innovation. The
cu
ent proposal will seek address to the rationale behind choosing the press times
which was published in BA times. Furthermore, it will outline the significant points in
the Article that focused on Fintech article as well as thoughts regarding the article as
a software developer and the role undertaken by them. In addition to that, it will
explain the proposal and finally the summary of the proposal.
Reason to choose the press article
The basic goal of any press release is to promote something important and
specific, and to do it in a clear and concise manner. A press release, on the other
hand, is a document that follows a specific format and has three marketing and
promotional purposes: To inform the media about an event in the hopes that it will be
widely publicised (Power et al., XXXXXXXXXXThe reason behind the press release that is
published in BA times is concerning with the challenges that are faced by the
application or software developers. Unless the company get assistance from top
financial app development companies for effective and efficient results, there are
numerous hurdles along the way.
Important points of the Article
The major highlight in this article given is regarding the challenges that were
faced by the developer of application and software during the application related to
finance. This identification of the challenge is significant because it will help the user
to known about the challenging part and try to resolve it while using the software.
Additionally, this article has also highlighted the likely factors that a developer of
software should believe prior to creating software that is related to finance (Sahu et
Proposal XXXXXXXXXX
al., XXXXXXXXXXHence, it will make sure that the risks are well known in application of
finance software that a pathway holds