DOI: https://doi.org/10.36719/2706-6185/54/148-151
Elmar Farajov
Azerbaijan State University of Economics
bachelor
https://orcid.org/0009-0004-1441-9723
elmarfarajov@yahoo.com
The Future of Finance: How Technology Is Reshaping
Financial Decision-Making
Abstract
The rapid advancement of technology is fundamentally transforming the finance sector, altering the ways in which individuals, institutions, and markets make financial decisions. Innovations such as artificial intelligence (AI), machine learning, blockchain, big data analytics, and digital payment systems are reshaping traditional financial processes, enabling faster, more accurate, and data-driven decision-making. This technological evolution is not only enhancing operational efficiency but also providing unprecedented insights into risk management, portfolio optimization, fraud detection, and customer behavior. Additionally, fintech platforms, robo-advisors, and algorithmic trading are democratizing access to financial services, allowing a broader spectrum of investors to engage in sophisticated financial activities. However, the integration of technology also introduces new challenges, including cybersecurity risks, ethical considerations, and the potential for algorithmic biases. This study explores the multifaceted impact of technological innovation on financial decision-making, emphasizing both the opportunities for improved efficiency and inclusivity and the challenges posed by emerging risks. By analyzing current trends, case studies, and empirical research, the paper provides a comprehensive understanding of how technology is shaping the future of finance and transforming decision-making paradigms across the industry.
Keywords: financial technology, fintech, artificial intelligence, machine learning, blockchain, big data analytics, digital payments, algorithmic trading, robo-advisors, financial decision-making, risk management, cybersecurity, investment strategy, financial innovation