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Data-driven approaches in FinTech: a survey

Data-driven approaches in FinTech: a survey This paper aims to explore the latest study of the emerging data-driven approach in the area of FinTech. This paper attempts to provide comprehensive comparisons, including the advantages and disadvantages of different data-driven algorithms applied to FinTech. This paper also attempts to point out the future directions of data-driven approaches in the FinTech domain.Design/methodology/approachThis paper explores and summarizes the latest data-driven approaches and algorithms applied in FinTech to the following categories: risk management, data privacy protection, portfolio management, and sentiment analysis.FindingsThis paper details out comparison between different existed works in FinTech with traditional data analytics techniques and the latest development. The framework for the analysis process is developed, and insights regarding the implementation, regulation and workforce development are provided in this area.Originality/valueTo the best of the authors’ knowledge, this paper is first to consider broad aspects of data-driven approaches in the application of FinTech industry to explore the potential, challenges and limitations of this area. This study provides a valuable reference for both the current and future participants. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Information Discovery and Delivery Emerald Publishing

Data-driven approaches in FinTech: a survey

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References (83)

Publisher
Emerald Publishing
Copyright
© Emerald Publishing Limited
ISSN
2398-6247
DOI
10.1108/idd-06-2020-0062
Publisher site
See Article on Publisher Site

Abstract

This paper aims to explore the latest study of the emerging data-driven approach in the area of FinTech. This paper attempts to provide comprehensive comparisons, including the advantages and disadvantages of different data-driven algorithms applied to FinTech. This paper also attempts to point out the future directions of data-driven approaches in the FinTech domain.Design/methodology/approachThis paper explores and summarizes the latest data-driven approaches and algorithms applied in FinTech to the following categories: risk management, data privacy protection, portfolio management, and sentiment analysis.FindingsThis paper details out comparison between different existed works in FinTech with traditional data analytics techniques and the latest development. The framework for the analysis process is developed, and insights regarding the implementation, regulation and workforce development are provided in this area.Originality/valueTo the best of the authors’ knowledge, this paper is first to consider broad aspects of data-driven approaches in the application of FinTech industry to explore the potential, challenges and limitations of this area. This study provides a valuable reference for both the current and future participants.

Journal

Information Discovery and DeliveryEmerald Publishing

Published: May 20, 2021

Keywords: Survey; Deep learning; Data mining; Machine learning; FinTech; Data-driven approach

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