Impact of Generative AI on FINTECH in Africa

Year 2024, , 43 - 53, 28.06.2024

Klemens Katterbauer , Hassan Syed , Laurent Cleenewerck , Rahmi Deniz Özbay , Sema Yılmaz

https://doi.org/10.51803/yssr.1440501

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 industry 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 generative 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 state of Fintech within Africa and the impact of generative AI on fostering the growth of it.

Keywords

Fintech Industry in Africa, Regulatory Challenges, Information Technology Growth, Generative AI, Financial Inclusion

Üretken Yapay Zekanın Afrika'da FINTECH Üzerindeki Etkisi

Abstract

Afrika'daki finansal teknoloji (Fintech) endüstrisi hızla genişliyor ve büyüyor. Çeşitli düzenleyici bağlamlara, siyasi, ekonomik ve düzenleyici engellere rağmen, Fintech kıta genelinde patlama yaşıyor. Son birkaç yılda, bilgi teknolojisi endüstrisi önemli ölçüde büyüdü ve bu yeni işletmelerin büyük bir kısmı finansal teknoloji endüstrisini değiştirmeye odaklandı. Müşteri tercihlerini, harcama alışkanlıklarını ve finansal hedeflerini anlayabildiği için, üretken yapay zeka, herhangi bir bireye kişiselleştirilmiş finansal öneriler veya çözümler sunma konusunda çok şey vaat ediyor. Üretken yapay zekanın yeni paradigmasının daha kritik bir rol oynamasıyla birlikte, Afrika'da Fintech'in büyümesini teşvik etme konusunda önemli bir etkisi olabilir. Bu çalışma, Afrika'daki Fintech'in mevcut durumu ve üretken yapay zekanın büyümeyi teşvik etme üzerindeki etkisi hakkında kapsamlı bir inceleme sunmaktadır.

Keywords

Afrika, Düzenleyici Zorluklar, Bilgi Teknolojisi Büyümesi, Üretken Yapay Zeka, Finansal Kapsayıcılık

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