IDEAS home Printed from https://ideas.repec.org/a/aye/journl/v10y2024i1p43-53.html
   My bibliography  Save this article

Impact of Generative AI on FINTECH in Africa

Author

Listed:
  • Klemens KATTERBAUER

    (Department of Earth Science and Global Management, Euclid University, Greater Banjul Republic of The Gambia, West Africa)

  • Hassan SYED

    (Department of Economic & Finance, Euclid University, Greater Banjul Republic of The Gambia, West Africa)

  • Laurent CLEENEWERCK

    (Department of Theology, Greater Banjul Republic of The Gambia, West Africa)

  • Rahmi Deniz ÖZBAY

    (Department Business Administration, İstanbul Ticaret University, İstanbul, Türkiye)

  • Sema YILMAZ

    (Department of Economics, Yıldız Technic University, İstanbul, Türkiye)

Abstract

The financial technology (Fintech) industry in Africa is expanding and growing quickly. Despite several regulatory contexts, political, economic, and regulatory obstacles, Fintech is booming throughout the continent. Over the past few years, the information technology in-dustry has grown dramatically, and a large number of these new businesses are focused on upending the financial technology industry. Because it can understand customer preferences, spending habits, and financial goals, generative AI has a lot of promise to provide personalized financial recommendations or solutions to any individual. With the new paradigm of gener-ative AI playing a more critical role, it may have significant impact on fostering the growth of Fintech within Africa. The article provides a comprehensive review of the current st

Suggested Citation

  • Klemens KATTERBAUER & Hassan SYED & Laurent CLEENEWERCK & Rahmi Deniz ÖZBAY & Sema YILMAZ, 2024. "Impact of Generative AI on FINTECH in Africa," Yildiz Social Science Review, Yildiz Technical University, vol. 10(1), pages 43-53.
    • Handle: RePEc:aye:journl:v:10:y:2024:i:1:p:43-53
    DOI: 10.51803/yssr.1440501
    as

    Download full text from publisher

    File URL: https://yssr.yildiz.edu.tr/storage/upload/pdfs/1719570244-en.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.51803/yssr.1440501?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    Financial inclusion; fintech industry in Africa; generative AI; information technology growth; regulatory challengesJournal: Yildiz Social Science Review;
    All these keywords.

    JEL classification:

    • F00 - International Economics - - General - - - General
    • F30 - International Economics - - International Finance - - - General
    • G00 - Financial Economics - - General - - - General
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • K00 - Law and Economics - - General - - - General (including Data Sources and Description)
    • K20 - Law and Economics - - Regulation and Business Law - - - General
    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aye:journl:v:10:y:2024:i:1:p:43-53. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Murat DONDURAN (email available below). General contact details of provider: https://edirc.repec.org/data/ibytutr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.