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Financing And Lending In The E-Commerce Ecosystem: Benefits And Challenges Of An Ai-Driven Environment

Author

Listed:
  • CIUMARA, Tudor

    (Centre for Financial and Monetary Research “Victor Slavescu”, N.I.E.R., Romanian Academy, Bucharest, Romania)

Abstract

In this paper we investigate some key financial aspects of e-commerce and the use of emerging artificial intelligence (AI) tools. Considering the exponential growth of e-commerce, we note a significant change in the manner in which businesses use financing and lending. Therefore, the analysis focuses on the role of AI in reshaping these financial processes. Potential advantages, such as enhanced accuracy, automation, personalization, and rapid adaptability to market shifts are considered. Also, we look into potential challenges such as the risk of algorithmic discrimination, data security issues, and dealing with an evolving regulatory framework. With the use of available data, the paper highlights practical applications of AI in e-commerce financing and lending processes, concluding with a perspective on future trends in the field.

Suggested Citation

  • CIUMARA, Tudor, 2023. "Financing And Lending In The E-Commerce Ecosystem: Benefits And Challenges Of An Ai-Driven Environment," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 11(1), pages 149-153, October.
    • Handle: RePEc:vls:rojfme:v:11:y:2023:i:1:p:149-153
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    More about this item

    Keywords

    artificial intelligence; e-commerce; financing; lending;
    All these keywords.

    JEL classification:

    • L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce
    • L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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