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Transformation of Digital Payments in India Using fintech Payment Solutions
Dr. A.P. Hosmani
Pages: 1-8 | First Published: 05 Sep 2023
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Abstract 
The digital payment sector in India is growing rapidly, enabling the country to shift from a  cash-centric to a "Digitally Empowered Economy." Having one of the world's largest payment networks and a thriving digital economy, even while cash remains the major means of transaction, digital payments have increased significantly owing to advances in fintech or financial technology. According to the Digidhan dashboard, digital payment transactions in India accelerated from 2071 crore to 8840 crore between 2017-18 and 2022-23.Fintech, or financial technology, is a key player in this evolution, developing innovative solutions that make financial services more accessible, affordable, and convenient for millions of Indians. In this context, a study was carried out to learn about the numerous fintech options accessible to make digital payments in India, as well as to analyze the transformation of digital payments in India utilizing various fintech solutions. According to the survey, Bhim UPI and IMPS have had a significant stake in digital payments over the last six years, while debit and credit card usage has been falling in recent years due to developments in financial technology and innovations.

Keywords: Fintech, Digital payments, Transformation.

 

References

 
1. Jack, William, and Tavneet Suri. 2014. Risk Sharing and Transactions Costs: Evidence from   Kenya’s Mobile Money Revolution. American Economic Review 104: 183–223.

2. Banna, Hasanul, M. Kabir Hassan, and Mamunur Rashid. 2021. Fintech-Based  Financial Inclusion and Bank Risk-Taking: Evidence from OIC Countries. Journal of International Financial Markets, Institutions and Money 75: 101447.

3. Nguyen, Quang Khai. 2022. The effect of FinTech development on financial  stability in an emerging market: The role of market discipline. Research in Globalization 5: 100105.

Websites: 

https://ihmcl.co.in/netc/
https://cleartax.in/g/terms/nach-national-automated-clearing-house
http://cashlessindia.gov.in
Impact Factor: 5.2 IJAR. (2017). 3(6), 525–530. www.allresearchjournal.com 

Fintech and Sustainable Finance
Jayanandhini A
Pages: 9-18 | First Published: 05 Sep 2023
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Abstract

The paper attempts to throw light on the relationship between fintech and  sustainable finance, how was the situation of sustainable finance before and after the implementation of fintech and its merits and limitations.

The paper concentrates not only on the development of financial stability in the recent days but also on the further developments we can make in the future in the area of sustainable finance using fintech.

The digitalization of sustainable finance has brought various benefits for the environment, the government and also the society. Additionally, we analyze the role of technology in promoting transparency, accountability, and data-driven approaches to
assess companies' ESG performance.

Key concepts:  Fintech and sustainable finance, green finance. 

References

  1. Thompson, S. (2023). Green and Sustainable Finance: Principles and practice in banking,  investment and insurance. story, KoganPage.
  2. Cen, T., & He, R.; (2018). Fintech, Green Finance and Sustainable Development.  Proceedings of the 2018 International Conference on Management, Economics, Education, Arts and Humanities (MEEAH 2018).  
  3.  Naifar, N., & Elsayed, A.; (2023). Green Finance Instruments, Fintech, and Investment Strategies: Sustainable Portfolio Management in the post-COVID era. Springer. 
Anti-Money Laundering (AML) Issues in Fintech
S. Shilpa
Pages: 19-23 | First Published: 05 Sep 2023
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Abstract
In response to the rapid development of the financial institutions, the regulatory body  is focusing on promoting innovations in FinTech business in order to increase the consumer safety, investors’ protection, market integrity and financial inclusion so on. There are new technologies implemented to improve the services to protect financial
system although it is quite difficult for regulators to control the emergence of risks and still users are facing the issues like cyber risk, compliances with regulations, AI integration, block chain integration, market saturation, money laundering issue, terrorism financing liquidity, volatility of bank funding sources etc. This paper focused to discuss on antimoney laundering issues and available opportunities and role of Money Laundering Act 2002.

Keywords: Anti-money laundering, FinTech, Financial terrorism 

References 
1. https://www2.deloitte.com/content/dam/Deloitte/de/Documents/finance/Deloitt e_FinTech.pdf 
2. https://www.ambitionbox.com/awards/best-financial-services-companies-to-workin-india-2021?tag=bajaj-finserv&campaign=awards2021_loc https://www.imf.org/external/np/leg/amlcft/eng/aml1.htm

3. Allen, F., Gu, X., & Jagtiani, J. (2021). A survey of fintech research and policy discussion. Review of Corporate Finance, 1, 259-339. https://www.fincen.gov/historyanti-money-laundering-laws

4. Anooja, C. V., & Latha, M. ROLE OF RESERVE BANK OF INDIA IN CONTROLLING MONEY LAUNDERING. 
5. Faccia, A., Moşteanu, N. R., Cavaliere, L. P. L., &Mataruna-Dos-Santos, L. J. (2020, September). Electronic money laundering, the dark side of fintech: An overview of the most recent cases. In Proceedings of the 2020 12th international conference on information management and engineering (pp. 29-34). 
6. Kumar, S. (2018). Money laundering scams in india: Its impact and government regulations to control. International Journal of Research and Analytical Reviews, 5(4), 735739.

7. L. Bellomarini et al; “Rule-based Anti-Money Laundering in Financial Intelligence Units: Experience and Vision” (2020);  

Crypto currency as an Enabler for Inclusive Payments - a PEST Analysis
Dr Brinda Kalyani P R
Pages: 24-32 | First Published: 05 Sep 2023
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Abstract

Paper Type: Research paper 
  The United Nations 2030 Sustainable Development Goals envision big data analytics, block chain management and thus pave the way for crypto currency, a version of digital money that works through support of cryptography. Comprehensive settlement of crypto currencies as a medium of exchange empirically researched and tested measure of value. The political, economic, social and technological potential of crypto currencies to be accepted as a comprehensive form of payment is made possible through PEST analysis. Although India has not accepted crypto currencies in settling the global balance of payments, there are still serious discussions on the matter. A pilot study
was conducted with 50 samples using the subjects as bank employees in the city of Palakkad. The results of the pilot study demonstrate how difficult it is to track transactions when the reference is lost (lack of control), how dependent the speed of the transaction is on other events (reliability), how complex the associated infrastructure is, how our portfolio can determine the existence of money (knowledge), and which security variable is the most conservative of the 17 variables examined.

Keywords: E-Wallets, Crypto currencies, Common Currencies, Transaction Traceability, Technology Expertise, PEST Analytics. 

References
1. Akopova and Przhedetskaya, (2016), “Imperative of state in the process  of establishment of innovational economy in the globalizing world”, https://www.um.edu.mt/library/oar/handle/123456789/28939 
2. Ahmed, S. S. (n.d.). A Survey on Cyptocurrencies. (pp. 46-48). Conference on Advances in Computer Science.
doi:02.AETACS.2013.4.131 
3. Alan Litchfield, J. H. (2015). A Novel Method for Decentralised Peer to Peer Software Licence validation using Cryptocurrency Blockchain Technology. 38th Austrasian Conpter Science Conference ACSC 2015 . Sydney, Australia. 
4. Amirreza Ramezani, A. P. (2014, August). Kaizen and Kaizen Costing. Academic Journal of Research in Business & Accounting, 2(8), pp. 4352. Retrieved from www.newscienceseries.com

5. Bhatnagar, H. (2017, May 26). Demonetization to Digitalization. Management and Economic Research Journal, 3, 11-15. doi:10.18639/MERJ2017.03.453170 
6. Boldeanu and Tache (2016), The Financial System of the EU and the Capital Markets Union, European Research Studies Volume XIX, Issue 1, 2016, pp. 59 - 70 

7. Bridget Marsh, L. J. (2019). The Loan market, Blockchain, and Smart Contracts The Potential for transformative change. GLI Block chain and cryptpcurrency Regulation 2019, First Edition. 
8. ChenZhu, L. C. (2018). The Intrinsic Attribute of Digital Currency. Journal of Economics and Research, 1 (4), 478-482. 
9. Cohen, B. J. (2000, April). Life At the tope: International Currencies of the 21st Century. Instituto de Economia,, pp. 9-34. 
10. Coinmetro. (2019). Digital Currency Vs Crypto Currency. Blog: https://coinmetro.com/blog/digital-currency-vs-cryptocurrency-whatsthe-difference/.

11. Frebowitz, R. L. (2018). Retrieved Octoboer 10, 2019, from  www.hsdl.org. 
12. Frebowitz, R. L. (2018). Cryptocurrency and State Sovereignty. Monterey, California: Naval Post graduate School. 
13. Govt, O. (2018). https://data.gov.om/OMCMC2016/communication#. Retrieved October 10, 2019 
14. Jim Kyung Soo Liew, R. Z. (2019, March 28). Cryptocurrency Investing Examined. Open Access Journam. doi:10.31585/jbba-2-2-(2)2019 
15. Kindel. (n.d.). Travelex.com. Retrieved Sept 20, 2019, from www.travelex.com. 
16. Mahieu, C. L. (n.d.). Nano: A Feeless Distributed Cryptocurrency Network. 
17. Marshall B Romney, P. J. (2011). Accounting Information Systems (12th Edition ed.). (1. Edition, Ed.) Pearson Education. 
18. Mehilli, L. (2018). An Empitical Study in the Adoption of Cryptocurrency E Payment Systems in Italian Business Platforms. Thesis submitted to Ca'Foscari University of Venice. 
19. Michael Wilson.CPA, B. A. (2018, September/October). CRYPTOCURRENCIES: Implications For The Future of Accounting. Today's CPA, pp. 24-29. 
20. Nashirah Abu Bakar, S. R. (2017, November). Cryptocurrency Framework Diagnostics from Islamic Finance Perspective: A New Insight of Bitcoin System Transaction. International Journal of Managment Science and Business Administration, 4(1), 19-28. doi:10.18775/ijmsba.1849-5664-5419.2014.41.1003 

21. Natalia G. Vovchenko1, E. N. (n.d.). Electronic Currency: The Potential Risk to National Security and Methods  to minimize them. European Research Studies, XX(1), 36-48. 
22. NSC, O. (2018). https://data.gov.om/OMCMC2016/communication#. Retrieved Oct 10, 2019 
23. Portes and Rey (2005), The determinants of cross-border equity flows, Journal of International Economics 65 (2005) 269 – 296 
24. Rajak, S. K. (n.d.). Cash to cashless economy: An Indian perspective.2(6), 239-241. Retrieved from ISSN: 2455-4197 
25. Shekhar, K. C. (2013). Banking Theory and Practice (Vol. 21st Edition). Vikas Pyblications. 
26. Tamajón, A. F. (2019, Feb 1). An Analysis of the Process of AdoptingLocal Digital Currencies in Support of Sustainable development. Sustainability Journal, pp. 1-19. doi:10 3390/su11030849 
27. Dr. Anil Kumar V., Swathy P., “A Study on Opportunities and Challenges of Crypto currency in India with special reference to Bit coin”, 2019. http://ijrar.com/upload_issue/ijrar_issue_20543250.pdf . 
28. Redhwan Al-Amri, Nur Haryani Zakaria, Adib Habbal and Suhaidi  Hassan, “Crypto currency adoption: current stage, opportunities, and open challenges”, 2019. 

29.https://www.researchgate.net/publication/335821380_Cryptocurrency _adoption_current_stage_opportunities_and_open_challenges .
 

Fintech Adoption among SMEs: Current Trends & Implications
Dr.M.Bhuvaneswari
Pages: 33-41 | First Published: 05 Sep 2023
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Abstract
This study provides an in-depth examination of the use of Financial Technology (Fintech) solutions by Small and Medium-sized Enterprises (SMEs) in the modern business landscape. Fintech, which is defined by new digital technologies that disrupt traditional financial services, has received a lot of attention in recent years because of its
potential to improve financial efficiency, accessibility, and competitiveness for  businesses of all kinds. 
The major goal of this research is to look into the amount of Fintech acceptance among SMEs, identify the important variables driving their adoption decisions, and evaluate the benefits and obstacles of integrating Fintech solutions into their operations. A mixed methods approach was used to achieve these goals, integrating quantitative survey data and qualitative interviews with SME owners and managers.  On the other hand, data security, legal compliance, and the difficulty of integrating Fintech technologies with existing infrastructures appear as key impediments to widespread implementation. In addition, the report emphasizes the necessity of financial
literacy and awareness among SME owners in order to make educated decisions on Fintech adoption. 

Keywords: Fintech, Small and Medium-sized Enterprises, Infrastructure Integration, Operational Efficiency, Financial Performance, Digitalization. 

References
 Muthukannan P., Tan B., Gozman D., Johnson L. The emergence of a fintech ecosystem: A case study of the Vizag Fintech Valley in India. Information & Management. 2020;57(8):103385. DOI: 10.1016/j.im.2020.103385 
 Schueffel P. Taming the beast: A scientific definition of fintech. Journal of Innovation Management. 2016;4(4):32–54. DOI: 10.24840/2183–0606_004.004_0004 
 Rosavina M., Rahadi R. A. Kitri M. L., Nuraeni S., Mayangsari L. P2P lending adoption by SMEs in Indonesia. Qualitative Research in Financial Markets. 2019; 11(2):260–279. DOI: 10.1108/QRFM-09–2018–0103 
 Sarmah A., Saikia B., Tripathi D. Can unemployment be answered by micro small and medium enterprises? Evidences from Assam. Indian Growth and Development Review. 2021;14(2):199–222. DOI: 10.1108/IGDR-09–2020–0140 Link:
https://www.sciencedirect.com/science/article/abs/pii/S03135926220008  68 
 https://www.adb.org/sites/default/files/publication/502781/adbifintech-smes.pdf

https://www3.weforum.org/docs/IP/2015/FS/GAC15_The_Future_of_Fi nTech_P aradigm_Shift_Small_Business_Finance_report_2015.pdf 

Next-Gen Payment Systems: Transforming the way we transact
Dr. C. Gayathiri Devi,
Pages: 42-49 | First Published: 05 Sep 2023
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Abstract

With the rapid advancements in technology and changing consumer preferences, the world of payments is undergoing a profound transformation. Next-Gen payment systems are emerging as the driving force behind this revolution, enabling seamless, secure, and efficient transactions across various channels. This research article explores the evolution of payment systems, discusses key characteristics and benefits of Next-gen payment systems, analyzes emerging trends and technologies shaping the industry, and examines the potential challenges and opportunities in their implementation. By shedding light on the transformative impact of Next-gen payment systems, this article aims to provide insights into the future of transactions and their implications for businesses, consumers, and society at large.
 

References

1. Adams, R., Baca, M., & Ko, E. (2018). Blockchain for next generation of banking: A systematic review. Journal of Information Systems and Operations Management, 12(2), 342-352.
2. Bank for International Settlements. (2020). Central bank digital currencies: Foundational principles and core features. Retrieved from  https://www.bis.org/publ/othp33.pdf
3. Chishti, S., & Barberis, J. (2016). The Fintech Book: The Financial Technology Handbook for Investors, Entrepreneurs, and Visionaries. Wiley.
4. Gubbi, J., Buyya, R., Marusic, S., & Palaniswami, M. (2013). Internet of Things (IoT): A vision, architectural elements, and future directions. Future Generation Computer Systems, 29(7), 1645-1660.
5. Iansiti, M., & Lakhani, K. R. (2020). Competing in the age of AI. Harvard Business Review Press.
6. International Monetary Fund. (2021). Cross-Border Payments: A Vision for the Future. Retrieved from: https://www.imf.org/en/Publications/PolicyPapers/Issues/2021/07/20/Cross-Border-Payments-A-Vision-for-the-Future-460064

7. Kshetri, N. (2017). The economics of blockchain. In: The Oxford Handbook of Digital Technology and Society. Oxford University Press. Litan, A., & Truskowski, F. (2017). Banks and Fintechs: Bridging the Gap. World Economic Forum.
8. Nica, E. (2017). Mobile payments adoption: A literature review. Journal of Economic Computation and Economic Cybernetics Studies and Research, 51(4), 65-86. World Economic Forum. (2019). The New Physics of Financial Services: How artificial intelligence is transforming the financial ecosystem. Retrieved from
http://www3.weforum.org/docs/WEF_New_Physics_of_Financial_Services.pdf

 

 

 

 

Financial Inclusion of Rural women through Fintech
S. Aiswarya
Pages: 50-58 | First Published: 05 Sep 2023
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Abstract 
India is the fastest growing fintech market in the world. Fintech. The growth of cashless payments and other technologies like Artificial Intelligence, Cloud computing, blockchain, big data has digitally transformed most financial services. The study focuses on the role of fintech services in financial inclusion of rural women. An analytical research design is adopted in the study. A questionnaire was conveniently administered among the sample size of 76 women users of fintech services in rural area in Kerala’s Palakkad district  A five-point Rensis Likert scale was used for measuring the qualitative data in the study. For statistical analysis and percentage analysis, the chi-square test, one-way ANOVA and mean value analysis have been used. Microsoft Excel is used for analysing the data. The study reveals that majority of the respondents adopted fintech services due to its ease of use an convenience. Women are not adopting financial services due to lack of accessibility and difficulty in procedures. Fintech provides solution for these problems faced by them while accessing financial services. Most of the respondents are aware about mobile payments like google pay, Paytm etc.

Keywords: Fintech, Financial inclusion, women, rural area, financial services

 

References
1. Baber, Hasnan. (2018). Is Fintech a Solution for Financial Inclusion and  Women Empowerment. In International onference on Business and  Economics (ICBE), 153-156.https://ssrn.com/abstract=3933186 
2. Esmaeilpour Moghadam, H., & Karami, A. (2023). Financial inclusion through FinTech and women's financial empowerment. International Journal of Social Economics, Vol. ahead-of-print No. ahead-ofprint. https://doi.org/10.1108/IJSE-04-2022-0246

3. Hemmen, N. (2019). Fintech & financial inclusion. Copenhagen Business School. https://research.cbs.dk/files/59796342/638270_Master_Thesis.pdf

4. Setiawan, B., Phan, T.D., Medina, J. et al. (2023). Quest for financial inclusion via digital financial services (Fintech) during COVID-19 pandemic: case study of women in Indonesia. Journal of Financial Services Marketing. https://doi.org/10.1057/s41264-023-00217-9 

Fintech's Impact on the Banking System in India
Dr. Melbha D
Pages: 59-64 | First Published: 05 Sep 2023
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Abstract

Technology has changed the world to implausible extents in a fairly short period of time, and it appears that the changes will no way end. Piece meal from significant advancements in computer technology, manufacturing, and telecommunications, the new, technologically advanced period also altered the world of plutocrat. The term Fintech, which stands for fiscal technology, isn't new to the wordbook; it has been in use since 1971. Despite this, numerous individualities are still unfit to grasp the meaning of both the word and the notion. Fintech is being used by multitudinous businesses. This system is used in the banking assiduity. One of the reasons behind the wide use of mobile phones. This composition concludes by agitating the impact of fintech on the Indian banking
system.

Key words- Information technology, digital payment, Mobile phone, fintech, fiscal institutionsetc.,  

References
 Financial Stability Board (FSB) 2020 “BigTech in emerging market and developing  economies”  
 October Frost J 2020 “The Economic Forces Driving Fintech Adoption Across Countries”  
 In M King and R Nesbitt (eds), The Technological Revolution in Financial Servi ces, Toronto: University of Toronto Press Frost, 
 J, L Gambacorta, Y Huang, HS Shin, and P Zbinden 2019 “BigTech and the changing structure of financial intermediation” Economi c Policy, 34(100), 761–99 Frost, 
 J, L Gambacorta and HS Shin 2021 “From Financial Innovation to Inclusion” IMF Finance & Development, 
 Spring Fuster, A, P Goldsmith-Pinkham, T Ramadorai, and A Walther 2019 “The effect of machine learning on credit markets”  
 VoxEU January Gambacorta, L, Y Huang, H Qiu, and J Wang 2019 “How do machine learning and non-traditional data affect credit scoring? New evidence from a Chinese fintech firm” BIS Working Papers, 834 Gambacorta,  
 L, Y Huang, Z Li, H Qiu, and S Chen 2020 “Data vs collateral” BIS Working Papers,881, September Goldfarb, A and C Tucker 2019 “Digital Economics” Journal of Economic Literature, 57(1), 3-43. 
 Schär, F 2021 “Decentralized Finance: On Blockchain- and Smart Contract-Based Financial Markets” Federal Reserve Bank of St Louis Review, February 

Clever Transportation: A Top Level View of Technologies and Applications
Dr. S. Gomathi Meena
Pages: 65-74 | First Published: 05 Sep 2023
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Abstract 

As technology continues to evolve and our lives become smarter, tools can help us  complete our daily tasks more efficiently. One of the most important developments of our age is the Internet of Things (IoT), which connects different smart devices such as smartphones, smart refrigerators, smart watches, smart alarms, smart door locks and more. Communicate with each other and exchange information seamlessly. We now use IoT technology for our daily activities such as transportation. Studies on smart transportation are of particular interest to researchers as it has the potential to change the way we move people and goods. IoT has many benefits for drivers in smart cities, including traffic control, traffic management, efficient parking and security measures. Some examples of its applications include road sensing, parking, lighting, collision avoidance, irregularities and roads. In this article, we want to better understand the development of these applications and review current research based on applications in these areas. Our aim is to provide an independent analysis of the different technologies used in smart transportation today and their challenges. Our method includes literature review on smart transportation and its applications. We also examine communication technologies that support intelligent transportation, such as Wi-Fi, Bluetooth and mobile phones, and how they facilitate data exchange. We take a look at the different models used in smart transportation, including cloud computing, edge
computing, and FoG computing. Finally, we describe current challenges in transport  knowledge and propose future research directions. We will examine data privacy and security issues, network scalability, and interoperability of different IoT devices.

Keywords: smart transportation; internet of things; intelligent systems; distributed
systems; smart transportation applications 

 

References

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2. afZhuang, D.; Gan, V.J.; Tekler, Z.D.; Chong, A.; Tian, S.; Shi, X. Data-driven predictive control for smart HVAC system in IoT-integrated buildings with time-series forecasting and reinforcement learning. Appl. Energy 2023, 338, 120936.
3. Low, R.; Tekler, Z.D.; Cheah, L. Predicting commercial vehicle parking duration using generative adversarial multiple imputation networks. Transp. Res. Rec. 2020, 2674, 820–831.[CrossRef]
4. Kang, H.S.; Lee, J.Y.; Choi, S.; Kim, H.; Park, J.H.; Son, J.Y.; Kim, B.H.; Noh, S.D. Smart manufacturing: Past research, present findings, and future directions. Int. J. Precis. Eng. Manuf.-Green Technol. 2016, 3, 111–128. [CrossRef].
5. Kandogan, Y.; Johnson, S.D. Role of economic and political freedom in the emergence of global middle class. Int. Bus. Rev. 2016, 25, 711–725. [CrossRef]
6. How Many Cars Are in the U.S.? 2022. Available online: https://www.fool.com/theascent/research/car-ownership-statistics/(accessed  on  20 July 2022).
7. Zhang, J.; Wang, F.Y.; Wang, K.; Lin, W.H.; Xu, X.; Chen, C. Data-driven intelligenttransportation systems: A survey. IEEE Trans. Intell. Transp. Syst. 2011, 12, 1624–1639[CrossRef
8. Eisele, W.L.; Fossett, T.; Schrank, D.L.; Farzaneh, M.; Meier, P.J.; Williams, S.P.Greenhouse Gas Emissions and Urban Congestion: Incorporation of Carbon DioxideEmissions and Associated Fuel Consumption into Texas A&M Transportation InstituteUrban Mobility Report. Transp. Res. Rec. 2014, 2427, 73–82.
9. Allen, H.; Millard, K.; Stonehill, M. A summary of the proceedings from the unitednations climate change conference in doha qatar and their significance for the land transportsector. In Proceedings of the Copenhagen: Bridging the Gap (btg) Initiative, Doha, Qatar, 1September 2013.
10. Nasim, R.; Kassler, A. Distributed architectures for intelligent transport systems: Asurvey. In Proceedings of the 2012 Second Symposium on Network Cloud Computing andApplications, London, UK, 3–4 December 2012; pp. 130–136.
11. McGregor, R.V.; Eng, P.; MacIver, A. Regional its architectures—From policy toproject implementation. In Proceedings of the The Transportation Factor 2003, AnnualConference and Exhibition of the Transportation Association of Canada, (Congres etExposition Annuels de l’Association des transport du Canada) Transportation Associationof Canada (TAC), St. John’s, NL, Canada, 21–24 September 2003.
12. Guerrero-Ibanez, J.A.; Zeadally, S.; Contreras-Castillo, J. Integration challenges ofintelligent transportation systems with connected vehicle, cloud computing, and internet ofthings technologies. IEEE Wirel. Commun. 2015, 22, 122–128. [CrossRef]
13. Hong, K.; Lillethun, D.; Ramachandran, U.; Ottenwälder, B.; Koldehofe, B. Mobile fogA programming model for large-scale applications on the internet of things. In Proceedingsof the Second ACM SIGCOMM Workshop on Mobile Cloud Computing, Hong Kong,
China, 16 August 2013; pp. 15–20.
14. Giang, N.K.; Leung, V.C.; Lea, R. On developing smart transportation applications infog computing paradigm. In Proceedings of the 6th ACM Symposium on Development andAnalysis of Intelligent Vehicular Networks and Applications, Valletta, Malta, 13–17
November 2016; pp. 91–98.
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16. Hull, B.; Bychkovsky, V.; Zhang, Y.; Chen, K.; Goraczko, M.; Miu, A.; Shih, E.;Balakrishnan, H.; Madden, S. Cartel: A distributed mobile sensor computing system. InProceedings of the 4th International Conference on Embedded networked Sensor SystemsBoulder, CO, USA, 31 October–3 November 2006; pp. 125–138
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20. Arthurs, P.; Gillam, L.; Krause, P.; Wang, N.; Halder, K.; Mouzakitis, A. A taxonomy and survey of edge cloud computing for intelligent transportation systems and connected vehicles. IEEE Trans. Intell. Transp. Syst. 2021, 23, 6206–6221. [CrossRef]
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22. Shukla, S.; Balachandran, K.; Sumitha, V. A framework for smart transportation using 
 

Influence of E-Payment services on the Buying Behavior of Customers
Dr. S. Lalitha
Pages: 75-81 | First Published: 05 Sep 2023
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Abstract

    Technological Revolution influences the buying behavior of Customers to a great extent. Anytime, anywhere, any amount payment has affected the spending habits of the customers drastically to the level that he is forced not to
differentiate between the need and luxury. A technology can only be successful if it can gratify users and, as a result, encourage customer loyalty, despite the plentiful benefits. The purpose of this paper is to investigate the factors influencing customer satisfaction and the factors influencing the use of electronic payments.The ease
of use and availability of good networking system are the two important factors that has helped the Unified Payment Interface system to work to this level of excellence.

Keywords: Payments, Technology, Satisfaction and Customer interaction 

References

1. Baoyuan Kang, Dongyang Shao, Jiaqiang Wang (2017). A fair electronic payment system for digital content using elliptic curve cryptography. Journal of Algorithms & Computational Technology12(1):174830181772712. 
2. Thakur & Srivastava (2014). Adoption readiness, personal innovativeness, perceived risk and usage intention across customer groups for mobile payment services in India.Internet Research24(3).DOI:10.1108/IntR-12-2012-0244.. 
3. S.Britto, R.Kumar, and S.Albert Rabara (2009).An End-To-End Secure Mobile Payment System Using Public Key Infrastructure System. Journal of Algorithms & Computational Technology 6(3):395-410. 
4. Syed Far Abid Hossain, Zhao Xi, Mohammad Nurunnabi, Khalid Hussain (2020). Ubiquitous Role of Social Networking in Driving M-Commerce: Evaluating the Use of Mobile Phones for Online Shopping and Payment in the Context of  Trust.Volume:10issue:3.https://doi.org/10.1177/2158244020939536. 
5. Chanchai Phonthanukititha worn, Carmine Sellitto, Michelle W. L. Fong (2016). A Comparative Study of Current and Potential Users of Mobile Payment Services. SAGE Open, vol. 6(4), pages21582440166, November. 

Corporate Renovation via Artificial Intelligence –The Path of New Age Business
Dr. J. Nithya
Pages: 82-87 | First Published: 05 Sep 2023
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Abstract
In today’s era, the role of technology is intruded in each and every life of a   human. The upgradation of technology yields us the comfort and efficient way in performing the task which is desires. At present many sectors started to find the efficient way of accomplishing the task in the desired time. So technological aspect has  been handled by the industries to sustain itself in the sector for a long run perspective. So, the competitive environment forces to sustain a new technology into the business, for retaining the customers who were loyal to the company. Even a small sector having the heavy competition between the companies, that were present inside the sector itself. Artificial intelligence is a program, that helps to obtain the result in a efficient way. Many companies started to adopt the new space, which consist of AI to tackle the in-efficiencies, that are within the businesses. The first industrial revolution, developed the transportation which guided the business to transport the goods from one place to other. The second industrial revolution, leads to a new improvement in the field of electrical areas. The third industrial revolution starts to upgrade it’s manua  thing into computerized thing. The fourth industrial revolution, starts to focus on the areas of internet-of-things, cyber based areas and cloud computing. At present the globe has shifted from the fourth to fifth industrial revolution, which consist of involving AI into the businesses for fulfilling the customers expectations as soon as possible. The role of industries into the human life is important for the development  of a country. So, the industrial revolution will peak the economical development within the country. 

Artificial Intelligence and Industry 5.0: Revolutionizing the Future of Work
Arul Seelan P
Pages: 88-94 | First Published: 05 Sep 2023
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Abstract
Rapid advances in artificial intelligence (AI) have revolutionized many parts of our life, including the way businesses run. With the advent of Industry 4.0, digital technologies were integrated into manufacturing processes, transforming production and automation. However, as time goes on, the following phase, Industry 5.0, is expected to reshape the human-machine connection. The article looks at the impact of AI on Industry 5.0 and what it means for the future of work. 
Keywords: Industry 4.0; Industry 5.0; Automation; AI; Robots; Cobots 
 

References

1. “World Economic Forum.” (2018).The Future of Jobs Report, 2018. www.weforum.org/reports/the-future-of-jobs-report-2018 
2. Adel, Amr. (2022). “Future of industry 5.0 in Society: Human-Centric Solutions, Challenges and Prospective Research Areas.” Journal of Cloud Computing, vol. 11, no. 40, 2022, pp. 1-15. www.doi.org/10.1186/s13677-022-00314-5/ 
3. Aslam, F., W. Aimin, M. Li, K. Ur Rehman. (2020). “Innovation in the era of IoT and industry 5.0: Absolute Innovation Management (AIM) Framework.” Information, vol. 11, no. 2, p.124. 
4. Barataa, Joao and Ina Kayser. (2023). “Industry 5.0 – Past, Present, and Near Future.” Procedia Computer Science 219, pp. 778-788. 
5. Deloitte. (2018). Industry 4.0 and Manufacturing Ecosystems.www2.deloitte.com/content/dam/Deloitte/tr/Documents/technology/Industry_4.0_and_manufacturing_ecosystems.pdf 
6. IEEE Standards Association. (2020). Ethical Aligned Design: A Vision for Prioritizing Human Well-being with Artificial Intelligence and Autonomous Systems.www.standards.ieee.org/standard/EAD_Scopes.html 
7. Jennings, Charles. (2019).Artificial Intelligence: Rise of the Lightspeed Learners. Rowman& Littlefield. 
8. Kolade, Oluwaseun, AdebowaleOwoseni. (2022). Employment 5.0: The Work of the Future and the Future of Work, Technology in Society. Vol.71.  www.doi.org/10.1016/j.techsoc.2022.102086 
9. Mallampati, Mahesh, et al. (2002). “Industry 4.0 and the Future of Industrial Automation: The Role of Industrial Communication Networks.” International   Journal of Mechanical Engineering, vol. 7, no. 4, pp. 59-65. 
10. PwC. (2019). AI and the Future of Work. www.pwc.com/gx/en/issues/data-andanalytics/assets/pwc-ai analysis-sizing-the-prize-report.pdf
 

Present and Future Digital Payments Systems in India
P.Kumar
Pages: 95-104 | First Published: 05 Sep 2023
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Abstract
The term "Digital Payment" refers to making payments to other individuals through the Internet or other electronic means, rather than using paper currency. The Government of India initiated Digital Payments in response to the announcement of the demonetization of currency notes on November 8, 2016, to increase transparency in transactions and eliminate black money. This was a step towards a cashless economy. Furthermore, digital payments were also promoted to ensure that banks have sufficient cash available to provide credit to individuals. A significant portion of society has adopted Digital Modes of Payment; however, some individuals are still apprehensive about using Internet banking, debit cards, and electronic cash. In recent years, the payments industry in India has been changing a lot. Thanks to better digital infrastructure, government policies, and initiatives, the availability of new technologies, disruptive innovations, and changing customer habits, the payments market has been steadily moving towards digitization. This research paper clearly deals with digital payment systems and the problems faced by people in recent days.

Keywords: Digital, Payments, Future, Challenges, Mobile payment  

References

 
1. Baghla, A. (2018). A study on the future of digital payments in India. International Journal of Research and Analytical Reviews, 5(4), 85-89.

2. Bezovski, Z. (2016). The future of the mobile payment as electronic payment  system. European Journal of Business and Management, 8(8), 127-132.

3. Khando, K., Islam, M. S., & Gao, S. (2022). The Emerging Technologies of Digital Payments and Associated Challenges: A Systematic Literature Review. Future Internet, 15(1), 21.

4. Ravikumar, T., Murugan, N., Suhashini, J., & Sriram, M. (2022, February).  Technologies Driving Digital Payments in India: Present and Future. In Proceedings of Second International Conference on Sustainable Expert Systems: ICSES 2021 (pp. 71-78). Singapore: Springer Nature Singapore.

5. Shah, Z. A. (2017). Digital payment system: Problems and prospects. EPRA  International Journal of Economic and Business Review, 5(8), 194-201.

6. The data is retrieved from http://cashlessindia.gov.in/digital_payment_methods.html

7. The data is retrieved from https://www.meity.gov.in/modes-digital-payment

8. Angamuthu, B. (2020). Growth of digital payments in India. NMIS Journal of  Economics and Public Policy.

9. Franciska, A. M., & Sahayaselvi, S. (2017). An overview on digital payments. International Journal of Research, 4(13), 2101-2111.

10. Pandey, S. K. (2022). A Study on Digital Payments System & Consumer Perception:  An Empirical Survey. Journal of Positive School Psychology, 6(3), 10121-10131.


 

Cyber-Enabled Financial Crimes in India
Rohini.S
Pages: 105-113 | First Published: 05 Sep 2023
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Abstract
Online financial transactions have evolved from a convenience to a requirement as most financial institutions' clients are mostly based at home. Post covid the increase in usage of online financial transactions by public makes it easier for crooks to take advantage of  weaknesses and perpetrate financial crime.  Virtually everyone has an enhanced internet presence, which has given cybercriminals new and occasionally more gullible targets. Cyber
assaults expose financial organizations to high operational and reputational risks regularly.  Financial crimes pose risks to all countries, organizations, and people. Millions of people around the world are victims of financial crimes. This paper focuses on different cyber- enabled financial crimes and the trend of cyber crimes in India and the financial cyber crimes among different states of India.

Keywords: Online Financial Transactions, Cyber Criminals, Financial Cybercrimes, One-way ANOVA, NCRB
 

References

1. Alansari, M., Aljazzaf, Z., & Sarfraz, M. (2019). On Cyber Crimes and Cyber Security (pp. 1–41). https://doi.org/10.4018/978-1-5225-8304-2.ch001 
2. Crime in India—All Previous Publications | National Crime Records Bureau. (n.d.). Retrieved July 13, 2023, from https://ncrb.gov.in/en/crime-in-india 
3. Crisanto, J. C., & Prenio, J. (n.d.). Financial crime in times of Covid-19 – AML and cyber resilience measures. 
4. Cyber crimes on rise with growing digitisation. (2022, December 6). https://www.thehindubusinessline.com/data-stories/visually/cyber-crimes-on-rise- with-growing-digitisation/article66231903.ece
5. Financials, e-commerce, gaming sectors most prone to cyber frauds: Study. (2023, July 3). https://www.thehindubusinessline.com/news/financials-e-commerce gaming-sectors-most-prone-to-cyber-frauds-study/article67038050.ece

6. Nicholls, J., Kuppa, A., & Le-Khac, N.-A. (2021). Financial Cybercrime: A Comprehensive Survey of Deep Learning Approaches to Tackle the Evolving  Financial Crime Landscape. IEEE Access, PP, 1–1. https://doi.org/10.1109/ACCESS.2021.3134076 
7. Mehta, D. (2021). Analysis of the Factors Influencing Cybercrime Using Linear Regression and Correlation Analysis. International Journal of Statistics and Analysis, 5-13.
8. Over 16 lakh cyber crime incidents reported since 2020, says govt. (2022,  December 13). The Economic Times.
https://economictimes.indiatimes.com/tech/tech-bytes/over-16-lakh-cyber-crime- incidents-reported-since-2020-says-govt/articleshow/96198446.cms
9. Shilpa Balan, j. o. (2017). Data Analysis of Cybercrime in Businesses. Information  Technology and Management Science , 64-68.
10. The Latest Cyber Crime Statistics (updated July 2023) | AAG IT Support. (n.d.).  Retrieved July 13, 2023, from https://aag-it.com/the-latest-cyber-crime-statistics/
 

Fintech Trends and Challenges
Logesh.T
Pages: 114-119 | First Published: 05 Sep 2023
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Abstract

Update and innovations are the main pillars of development and without these two, improvements will not happen. Fintech is a financial technology; it uses technology for undertaking financial activities. In the previous years, man plays a vital role in undertaking financial matters, but today the role is reversed, here technology deals those activities. Fintech slowly change the world from traditional to online. A new trend in fintech emerges day by day and this indicates the positive sign but at the same time challenges also emerges along with those trends. This is a serious issue and creates a danger to fintech. This paper deals about the Fintech trend and it’s challenges.

Keywords: Fintech, trends, challenges, AI, Block chain, BNPL, Open banking, virtual cards, stable coins.

 

References

  •  Ryan Randy suryono, Indra budi and Betty purwandari (2020), “Challenges and trends of financial technology (Fintech): A Systematic literature review”, Information journal, vol: 11, issue 12.
  • Sanjiv R Das (2019) “The future of fintech”, Financial management 48(4), 9811007.
  • Thomas Philippon (2016), “The fintech opportunity”, National bureau of economic
    Research
  • https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://w
    ww.investopedia.com/terms/f/fintech.asp&ved=2ahUKEwjzoebhvL_AhW2d2wGHRbLBPMQFnoECCQQAQ&usg=AOvVaw21JJQ-AL9KxRaL7QfeuHR

 

User Adoption Challenges: Overcoming Barriers to Mass Adoption of Digital Currencies
Dr. P. Murugan
Pages: 120-126 | First Published: 05 Sep 2023
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Abstract

This article explores the key barriers to the mass adoption of digital currencies and provides suggestions for overcoming these challenges. The barriers include lack of awareness and education, regulatory uncertainty, security concerns, volatility and price= stability, usability and user experience, scalability, interoperability, financial inclusion, trust and perception, and resistance from established financial institutions. The study aims to  identify these barriers, understand their impact, propose strategies for overcoming them, and provide insights based on data analysis. The mean scores and standard deviations are presented to rank the dimensions, and a hypothesis is tested to determine the relationship between user types and the barriers. The findings suggest that user experience and usability, security and fraud concerns, energy consumption, scalability, and interoperability are
perceived as the most significant barriers. The results of Levene's Test indicate significant differences in the perceived barriers between common users and business users. Suggestions for overcoming the barriers include education and awareness campaigns, regulatory clarity, enhanced security measures, price stability mechanisms, and improved usability. Collaborative efforts are essential to foster widespread adoption and integration of digital
currencies into mainstream financial systems.

Keywords: digital currency, mass adoption, barriers, user adoption, awareness, education, regulation, security, volatility, usability, scalability, interoperability, financial inclusion, trust, perception, resistance, user types.
 

References

1. Ciaian, P., Rajcaniova, M., &Kancs, D. (2016). The economics of BitCoin price  formation. Applied Economics, 48(19), 1799-1815.
2. Dwivedi, Y. K., Rana, N. P., Jeyaraj, A., Clement, M., & Williams, M. D. (2019).  Artificial intelligence (AI): Multidisciplinary perspectives on emerging challenges, opportunities, and agenda for research, practice and policy. International Journal of  Information Management, 48, 193-194. 
3. Dwyer, G. P., & Malone, D. (2019). The economics of payment choice. Journal of Economic Surveys, 33(4), 997-1016. 
4. Gans, J. S., &Halaburda, H. (2016). Some economics of private digital currency. NBER Chapters, in: Innovation Policy and the Economy, Volume 17, 33-58. 
5. Gordon, L. A., &Catalini, C. (2018). Blockchain technology for healthcare: Facilitating the transition to patient-driven interoperability. Computational and Structural Biotechnology Journal, 16, 224-230. 
6. Heeks, R. (2017). Understanding and overcoming the barriers to blockchain. IDPM  Working Papers, 69.
7. Kim, B. J., Lee, Y., & Lee, J. H. (2018). The effect of government regulation on  Bitcoin price. Journal of Banking & Finance, 93, 51-60. 

8. Kshetri, N. (2017). Can blockchain strengthen the internet of things? IT Professional, 19(4), 68-72. 
9. Swan, M. (2015). Blockchain: Blueprint for a new economy. " O'Reilly Media, Inc.".
10. Yermack, D. (2015). Is Bitcoin a real currency? An economic appraisal. Handbook  of Digital Currency, 31-43. 

Sustainable Investment: The New Paradigm for Sustainable Development Goals
Dr. T. Arockia Sagayaraj
Pages: 127-132 | First Published: 05 Sep 2023
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Abstract 

Consumers are being encouraged to consider their purchases more carefully as environmental worries grow. Businesses are taking action to provide green alternatives to conventional goods and services. Sustainable finance refers to the incorporation of environmental, social, and governance (ESG) considerations into business decisions,
economic expansion, and investment plans. Sustainable funding is highly valued by both investors and politicians worldwide. Nearly all sustainable investment products have been introduced in India in the previous two years, demonstrating the country's enormous growth potential further; businesses from all industries are working to improve their sustainability standards too. When making investments, corporations are beginning to give more thought to sustainable practices invariably in all business operations. Although sustainable investing is an excellent method, it is costly because it requires extensive study to identify investments that satisfy the investor's main objective. The conceptual research is carried out to identify and assess the sustainable investment activities and Government initiatives towards sustainable development goals.

Keywords: Sustainable Investment, Drivers, ESG and Sustainable Development Goals
 

References

  1.  Brijesh Damodaran, Co-founder & Chief Investment Officer, Auxano Capital, Future of Sustainable Investment in India, August 01,2022
  2. Global Sustainable Investment Alliance, 2018. 2018 Global Sustainable Investment, http://www.gsi-alliance.org/wp-content/uploads/2019/03/GSIR_Review2018.3.28.pdf (As accessed on Oct 31, 2019)
    Ministry of Environment, Forest and Climate Change, Government of India, 2019, http:// moef.gov.in/wp-content/uploads/2019/07/Draft-National-Resourc.pdf (As accessed on Dec 23, 2019)
  3. Rakhi Kumar, Natasha Dayaramani and James D. Rocha, 2016, UNDERSTANDING & COMPARING ESG TERMINOLOGY, A Practical Framework for Identifying the ESG Strategy That Is Right for You.
  4. Rohit Goel, Deepali Gautam, and Fabio Natalucci, “Sustainable Finance in Emerging Markets: Evolution, Challenges, and Policy Priorities”, Sep 2022, © 2022 International Monetary Fund, WP/22/182.
  5. Schmidt-Traub, G., & Sachs, J. D. 2015. “Financing sustainable development: implementing the SDGs through effective investment strategies and partnerships” Working Paper, Sustainable Development Solution Network.
  6. Tim Stobierski, 14 JUL 2022, “WHAT IS SUSTAINABLE INVESTING”, Harvard Business School Online, Business in Society, Finance, Sustainable Investing.
  7. VAAMANAASETHI, Sustainability investments could make up 40% of India’s assets under management in the next four years, reveals survey, JUN 9, 2022.
  8. Zhan, J.X., Santos-Paulino, A.U. Investing in the Sustainable Development Goals: Mobilization, channeling, and impact. J Int Bus Policy 4, 166–183 (2021). https://doi.org/10.1057/s42214-020-00093-3

Websites:
https://advisor.visualcapitalist.com/esg-investing-the-top-5-drivers/

https://d1ns4ht6ytuzzo.cloudfront.net/oxfamdata/oxfamdatapublic/202006/SUSTAINABLE%20INVESTMENT_09-03-2020.pdf

https://advisor.visualcapitalist.com/four-esg-strategies-for-investors/

 

Artificial Intelligence and its Destiny in Digital Advertising and Marketing
Anitha.M
Pages: 133-139 | First Published: 05 Sep 2023
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Abstract
Era is rapidly developing at each second. The advertising field has undergone a drastic trade because of the creation of artificial intelligence. Artificial Intelligence based digital advertising gives you advanced customer experiences, thereby uplifting the company’s repute. It consists of information the customer needs, delivering product content material to the targeted consumer, and dealing with the complete system. The design of clever
machines appearing common tasks that require human intelligence is referred to as artificial intelligence. The techniques of artificial Intelligence include three cognitive capabilities. They are mastering, reasoning and self-correction. Virtual advertising and marketing is the exercise of selling manufacturers to potential customers via the internet and other kinds of digital communication. The advent of synthetic Intelligence in digital marketing allows the marketer to identify the customer needs and satisfy them with the required merchandise. Protection performs an important role in any business enterprise. Enterprise security may be very vital to relaxed crucial statistics and the complete business community from vulnerabilities. Artificial Intelligence is used to construct a robust protection infrastructure. Security plays a crucial function in any business enterprise. Artificial Intelligence is used to
build a robust protection infrastructure.

Key words:   synthetic Intelligence, digital advertising, safety, virtual communication.

 

References

1.Https://www.Ssl2buy.Com/cybersecurity/synthetic-intelligence-destiny-digital-marketing.
2. A Cyber security schedule for the forty fifth Presidents. (2017, January five). Retrieved from https://www.Csis.Org/news/cybersecurity-schedule-45th-president
3. An exam of the Cyber security exertions marketplace. (N.D.). Retrieved from http://www.Rand.Org/content material/dam/rand/pubs/research_reports/RR400/RR430/RAND_RR430.Pdf.
4. Cyber IN-security strengthening the Federal Cyber security team of workers [PDF]. (2009, July). Partnership for Public provider and Booz.

 

A Comprehensive Analysis of Blockchain and its Technology
Dr.M.Bhuvaneshwari
Pages: 140-142 | First Published: 05 Sep 2023
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Abstract

 Blockchain technology has revolutionized various industries by introducing  decentralized, transparent, and secure ways of managing data and conducting transactions. This report provides a comprehensive examination of blockchain and its underlying technology, exploring its fundamental principles, mechanisms, and potential applications. Through an in-depth review of existing literature and real-world use cases, the report highlights the transformative impact of blockchain on enhancing data management, security, and efficiency. Moreover, the challenges and limitations faced by blockchain are discussed, and future prospects for its widespread adoption are
explored. By understanding the intricacies of blockchain technology, stakeholders can make informed decisions to harness its potential effectively.

Keywords: Blockchain, technology, decentralized, cryptographic, consensus algorithms, transparency, security, efficiency, data management, digital transactions, applications, adoption, decentralized networks, smart contracts, distributed ledger, cryptocurrency.
 

References

  1. Nakamoto, S (2008). Bit coin: A Peer-to-Peer Electronic Cash System. Self-published
  2. Smith, J. (2021). Understanding Blockchain Technology. Tech Insights.
  3. https://www.techinsights.com/blockchain 
Digital Adoption in Insurance Industry – A New Approach
Dr. M. Jayanthi
Pages: 143-150 | First Published: 05 Sep 2023
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Abstract
Technology has transformed the service industry and expanded its reach across  various customers. The most impacted sectors within finance is Insurance sector, which has experienced significant changes with the advent of technology. For a very long time, insurance companies had to seize the chances that digitization presented. But in recent years, a significant change has occurred in this. Digital transformation is quickly changing the game in the insurance industry, just like it has in retail or banking. This paper presents a comprehensive exploration of the historical roots of insurance, the emergence of digital insurance, current digital trends prevailing in the insurance sector and the vast array of opportunities it offers.

Keywords: Fintech, Digital transformation, Financial services, Digital insurance
 

References

Books 
 Bessis, J. (2017). Risk Management in Banking. John Wiley & Sons.
 Davenport, T, and Iyer, R., (2018). The AI Advantage: How to Put the Artificial  Intelligence Revolution to Work. MIT Press.
 KPMG International (2020), The Digital Insurer: Trends and Challenges. KPMG 
 

Journal Article 
 Lefter, V., &, L. (2018). InsurTech and the Impact of Technology on the Insurance  Industry. Procedia Economics and Finance, 47, 256-261.
 Winkler, H., & Jeschonek, F. (2019). InsurTech: A Systematic Mapping Study.  Electronic Markets, 29(1), 123-145.
 C, & D. (2021). level of awareness in digital insurance plans among policy holder.  Ilkogretim, 20(5), 5485–5488.
 Dixit, Chaudhary, Kochhar, & Mishra. (2012). customer behavior toward online  insurance in India. Palgrave Journals, 19(2), 120–133.
 K, & P.N. (2019, September). Perception of policyholders towards digitalization of  insurance sector-A study with reference to Belthangady taluk. EPRA, 7(9) 

Websites
 World Economic Forum. (2019). The InsurTech Revolution: How Technology Is  Transforming the Insurance Industry. Retrieved from https://www.weforum.org/reports/the-insurtech-revolution-how-technology is transforming-the-insurance-industry

 

Cryptocurrency and Fintech: Transforming the Financial Landscape
Dr. Bhuvaneshwari. M
Pages: 151-158 | First Published: 05 Sep 2023
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Abstract

Cryptocurrency and Fintech have emerged as transformative forces, revolutionizing the traditional financial landscape. This paper presentation aims to explore the profound  impact of cryptocurrencies and Fintech on the financial industry, shedding light on their underlying technologies, advantages, challenges, and potential future implications. By examining the disruptions caused by these innovations, this presentation seeks to foster a comprehensive understanding of how they are reshaping the financial landscape and the opportunities they offer for a more inclusive and efficient financial ecosystem.

Key words: cryptocurrency, fintech, distributed ledger, immutability, decentralised finance, blockchain 
 

References

  1. Vijai, C. 2019. Fintech in India - Opportunities and Challenges. SAARJ Journal on Banking & Insurance Research (SJBIR) vol 8. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3354094

  2. Anitha Kumari, Chitra Devi.N. 2022. The Impact of FinTech and Blockchain Technologies on Banking and Financial Services. Technology Innovation Management Review vol 12. https://timreview.ca/article/1481

  3. Pollari, I. 2016. The Rise of Fintech: Opportunities and Challenges. Jassa-the Finsia
    Journal of Applied Finance, 3: 15-21. https://www.semanticscholar.org/paper/The-riseof-Fintech-opportunities and-challengesPollari/2a7456a457830a122bb2d6237ae72ce897ded4af Ozili,

  4. Peterson.K (2023): CBDC, Fintech and cryptocurrency for financial Inclusion and financial stability. Digital Policy, Regulation and Governance Journal. 

  5. https://mpra.ub.unimuenchen.de/115768/1/MPRA_paper_115768.pdf

 


 

Fintech Platforms in Education: Effectiveness of using Fintech in fee collection systems in Smarty Kids “an online tuition center”
Hamsaleela. N,
Pages: 159-166 | First Published: 05 Sep 2023
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Abstract

 This paper details the effectiveness of using Financial Technology (Fintech) in fee  collection systems and salary payment system within the education sector, by considering  SmartyKids, an online tuition center as our case study. The adoption of Fintech in fee collection processes has revolutionized the way educational institutions handle payments, offering enhanced efficiency, convenience, and transparency. Through a comparative analysis, this study evaluates the benefits, challenges, and user experiences associated with Fintech-enabled fee collection systems. The findings highlight the positive impact of Fintech on Smarty  Kids' operations, such as streamlined payment processes, improved security, and real-time updates for parents. Furthermore, the paper explores the broader implications of Fintech in the education sector and discusses future advancements and potential areas for improvement. This research contributes to a deeper understanding of the role of Fintech in fee collection systems and provides insights for educational institutions seeking to optimize their financial operations through technology-driven solutions.

Keywords: Fintech, Fee collection systems, Education sector, SmartyKids, Financial technology, Payment methods, Security measures, Efficiency, Personalized learning experiences.
 

References 
1. The Internet of Money: A collection of talks by Andreas M. Antonopoulos   ISBN-10.15370004541. The Future of FinTech: Integrating Finance and Technology in Financial Services (Palgrave Studies in Financial Services Technology) ISBN-13.978-3319514147 

2. The role of fintech in driving financial inclusion in developing and emerging markets: issues, challenges and prospects - V Ediagbonya, C Tioluwani - Technological Sustainability, 2023
3. Emergence of Fintech and cybersecurity in a global financial centre: Strategic approach by a regulator - AW Ng, BKB Kwok - Journal of Financial Regulation and Compliance, 2017 
4. Transformation of education sector in India using Fin-tech Dr. Mukesh Bhojwani, Assistant Professor Amity Business School, Amity University, Raipur Chhattisgarh ISSN NO:2231-3990.
5. Fintech: A Literature Review International Business Research; Vol. 15, No. 1; 2022 ISSN 1913-9004 E-ISSN 1913-9012 Published by Canadian Center of Science and Education
6. https://www.finextra.com/newsarticle/42530/blockchain-platform-issues-firstdigital-green-bond/sustainable

7.https://www.penser.co.uk/digital-transformation/

8. https://findexable.com/gfi-download/
9. https://www.capgemini.com/service/banking/world-fintech-report/
10. https://www.deloitte.com/global/en/pages/financial-services/topics/fintechinsights.html

 

 

Fintech and Industry 5.0: Revolutionizing the Future of Finance and Manufacturing
Sreenidhi T S
Pages: 167-173 | First Published: 05 Sep 2023
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Abstract

 The convergence of financial technology (fintech) and Industry 5.0 has brought about a remarkable transformation in the world of finance and manufacturing. This paper  explores the intersection of these two domains and delves into the impact they have on each other, as well as their combined effect on the global economy. It highlights the key technologies and trends driving this revolution, while also examining the challenges and opportunities that arise from their integration. By shedding light on this evolving landscape, we aim to provide insights into the future of finance and manufacturing in the context of Fintech and Industry 5.0.

Keywords: Fintech, Industry 5.0, Convergence, Transformation, Global economy, Trends, Integration 

References

1. Sai Shwetha Sairam & Florance Andrews,2023, SELP Journal of Social Science, Volume 
XIV, https://iaraindia.com/wp-content/uploads/2023/06/9-AN-OVERVIEW-ONTHE-FUTURE-OF-INDUSTRY-5.0.pdf

2. Dmitry Ivanov,2022, The Industry 5.0 framework: viability-based integration of the resilience, sustainability, and human-centricity perspectives, international journal of production research, Volume 61,
https://www.tandfonline.com/doi/full/10.1080/00207543.2022.2118892  

3. Elangovan, U. (2021). Industry 5.0: The Future of the Industrial Economy. CRC Press, https://www.taylorfrancis.com/books/mono/10.1201/9781003190677/industry-5-0uthayan-elangovan

 

 

“Performance of Risk and Return on Select Equity Instruments: A Comparative Analysis of Companies in India”
Dr. R. Saminathan
Pages: 174-180 | First Published: 05 Sep 2023
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Abstract

This article presents a comparative analysis of the performance of risk and return on  selected equity instruments of prominent companies in India. The study focuses on five companies listed on the National Stock Exchange (NSE) of India: Reliance Industries Limited (RELIANCE.NS), Tata Consultancy Services Limited (TCS.NS), HDFC Bank Limited (HDFCBANK.NS), Infosys Limited (INFY.NS), and ICICI Bank Limited (ICICIBANK.NS). The analysis utilizes 5 years historical data sourced from Yahoo Finance to assess the risk and return characteristics of these equity instruments. Key performance metrics such as Risk-Adjusted Return (Sharpe ratio), Standar Deviation, CAGR & Beta are examined to evaluate the investment performance.  Additionally, peer comparisons are made to provide a benchmark for assessing the relative performance of the selected companies. The findings of this study aim to provide insights into the risk and return profiles of these equity instruments and help investors make informed investment decisions. It is important to note that past performance does not guarantee future results, and investors should consider their individual risk tolerance and investment objectives when analysing and selecting equity instruments.

Keywords: Risk, return, equity instruments, performance analysis. 
 

References

  • Arokiasamy, A., & Ramachandran, K. (2017). Risk and Return Analysis of Selected Equity Shares in Indian Stock Market. Indian Journal of Commerce and Management Studies, 8(4), 28-34.

  • Singh, R., & Jaiswal, A. K. (2018). Comparative Analysis of Risk and Return of Selected Banking Stocks in India. International Journal of Recent Scientific Research, 9(4), 2629626301. Verma, R., & Patel, A. (2019). Comparative Analysis of Risk and Return of Selected FMCG Stocks in India. International Journal of Engineering, Applied and Management Sciences Paradigms, 58-63.

  • Kaul, P., & Sharma, S. (2020). Comparative Analysis of Risk and Return of Selected IT Sector Stocks in India. Indian Journal of Finance and Banking, 4(1), 24-32.

  • Agarwal, A. K., & Yadav, A. (2020). Comparative Analysis of Risk and Return of Selected Energy Sector Stocks in India. International Journal of Business and Administration Research Review, 3(6), 224-231.

  • Jadhav, S., & Salave, N. (2020). Comparative Analysis of Risk and Return of Selected Pharma Stocks in India. International Journal of Current Innovations in Advanced Research, 2(5), 235-238.

  • Singh, S. P., & Jain, A. K. (2021). Comparative Analysis of Risk and Return of Selected Automobile Sector Stocks in India. Prabandhan: Indian Journal of Management, 14(3), 113.

  • www.yahoofinance.com

  • www.moneycontrol.com

 

 

An Overview of Central Bank Digital Currency
Dr. C. Dhanalakshmi
Pages: 181-189 | First Published: 05 Sep 2023
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Abstract
This paper attempts to introduce Central Bank Digital Currency (CBDC) , analyze its types, main objectives, significance, limitations and give a detailed account of the same. With the developments in the economy and the evolution of the payments system, the form and functions of money has changed over time, and it will continue to influence the future course of currency. The concept of money has experienced evolution from Commodity to Metallic Currency to Paper Currency to Digital Currency. Furthermore, with the arrival of cutting edge technologies, the next milestone in monetary history is the digitization of money. CBDC’s are digital currencies issued by the central bank of a country. CBDC’s a re currently in use in different currencies and it is important to understand its roles and the impact it has on society. CBDC is a digital equivalent to fiat money. It is based on ledger technology. The main goal of CBDC is to provide privacy and security of transactions and convenience. CBDC’s are likely to play a key role in the economy in the future. CBDC is a digital form of the national currency, as opposed to Bitcoin, which is not backed by the full confidence and credit of the issuing government. Recent advancements in technology based payment systems have prompted central banks throughout the world to investigate the potential benefits and hazards of issuing a CBDC in order to keep up with the current trend in innovation. CBDC is a topic of current research among central banks globally. Many central banks began their CBDC efforts by developing DLT proofs of concept (Pocs) to replicate and expand wholesale payment systems. The fundamental principles emphasize that authorities must first be sure that issuance would not jeopardize monetary or financial estability and that a CBDC may survive with and complement existing forms of money, hence boosting innovation and efficiency.

Keywords:CBDC, Digital currency, Financial inclusion, Blockchain, Digitisation
 

References

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2. Ali R BarrdearJ, C. R. (2014). The economics of Digital Currencies. Bank of England Quartely Bulletin .
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5. Chuen David Lee Kuo. (2015). Hand book of digital currency:bitcoin,innovation,financial instruments and big data. Academic press .
6. Gans J S, H. H. (2015). some economics of private digital currency. University of chicago press .
7. M., C. (2018). The Future Of Money. In Scottish Economics Conference.Edinburgh University
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8. NOLL, F. (MARCH 23,2023). WHAT CONSUMER SURVEY SAYS ABOUT THE DESIGN OF U.S CBDC FOR RETAIL PAYMENTS.
9. Raphael Auer, J. F. (2021). Central Bank digital curriencies: Motives. Economic implications and Research Frontier .