Achieving data privacy and security in fintech cloud computing environments

The rapid adoption of Financial Technology (FinTech) has transformed the financial services industry, with cloud computing playing a crucial role in enabling scalable and efficient services. However, the reliance on cloud environments has also introduced significant data privacy and security challenges. This study explores strategies for achieving robust data privacy and security in FinTech cloud computing environments. Through a comprehensive literature review and qualitative analysis, this study identifies key threats, evaluates existing solutions, and proposes new approaches to safeguard data in FinTech. The findings suggest that a multi-layered security framework incorporating encryption, access control, and regulatory compliance is essential for mitigating risks. Future research should focus on developing standardized protocols and enhancing user awareness to address emerging challenges in this dynamic field.

Authors

Publication Details

Journal
World Journal of Advanced Research and Reviews
Published
2024-09-05
DOI
https://doi.org/10.30574/wjarr.2024.23.3.2675
Primary Topic
FinTech, Crowdfunding, Digital Finance
Type
article
Field-Weighted Citation Impact
0.00
Controls
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article

Achieving data privacy and security in fintech cloud computing environments

Oluwaseyi Olakunle Mokuolu
1 links
World Journal of Advanced Research and Reviews
FinTech, Crowdfunding, Digital Finance
article

Achieving data privacy and security in fintech cloud computing environments

Oluwaseyi Olakunle Mokuolu
article en

Abstract

The rapid adoption of Financial Technology (FinTech) has transformed the financial services industry, with cloud computing playing a crucial role in enabling scalable and efficient services. However, the reliance on cloud environments has also introduced significant data privacy and security challenges. This study explores strategies for achieving robust data privacy and security in FinTech cloud computing environments. Through a comprehensive literature review and qualitative analysis, this study identifies key threats, evaluates existing solutions, and proposes new approaches to safeguard data in FinTech. The findings suggest that a multi-layered security framework incorporating encryption, access control, and regulatory compliance is essential for mitigating risks. Future research should focus on developing standardized protocols and enhancing user awareness to address emerging challenges in this dynamic field.

World Journal of Advanced Research and ReviewsVol. 23(3)
Openalex Percentile: Top 78%
FinTech, Crowdfunding, Digital Finance
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