FinTech Innovations in Banking: Opportunities and Challenges in Business Financing and Risk Management
Keywords:
Financial technology, business financing, risk management, blockchain, artificial intelligence, big data analytics, banksAbstract
The rapid development of financial technology (FinTech) has profoundly transformed the banking industry, particularly in business financing and risk management. This study examines FinTech innovations in banking, focusing on the opportunities and challenges in business financing and risk management. The findings indicate how FinTech tools such as blockchain, artificial intelligence, and big data analytics can revolutionize banks’ business models and corporate financing, enhance service efficiency, reduce costs, and improve risk management capacity. Nevertheless, these technologies also introduce new challenges for banks, including data security, privacy protection, and regulatory requirements. In conclusion, considering the structure of Iranian banks, practical recommendations and policy measures are proposed to effectively leverage FinTech for enhancing financing and risk management, enabling banks to benefit from innovation opportunities while mitigating risks.
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