DYNAMIC PRICING IN FINANCIAL TECHNOLOGY: EVALUATING MACHINE LEARNING SOLUTIONS FOR MARKET ADAPTABILITY

The rapid advancement of technology has transformed the financial services sector, leading to the rise of fintech companies that leverage cutting-edge tools such as artificial intelligence (AI) and machine learning (ML) to offer innovative solutions. One area where fintech is particularly impactful is dynamic pricing, which involves adjusting prices in real-time based on market conditions, user behavior, and external factors. The ability to optimize pricing in response to fluctuating conditions is critical for maximizing profitability, improving customer satisfaction, and maintaining competitiveness. In this context, machine learning algorithms provide a powerful framework for making data-driven pricing decisions by learning from historical data and predicting future trends.

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Publication Details

Journal
International Interdisciplinary Business Economics Advancement Journal
Published
2024-10-28
DOI
https://doi.org/10.55640/business/volume05issue10-03
Citations
5
Primary Topic
Complex Systems and Time Series Analysis
Type
article
Field-Weighted Citation Impact
5.65
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article

DYNAMIC PRICING IN FINANCIAL TECHNOLOGY: EVALUATING MACHINE LEARNING SOLUTIONS FOR MARKET ADAPTABILITY

Md Azher Uddin, Md. Golam Jilani Helal, Md Arif, Abdullah Al Mamun et al.
5 citations
International Interdisciplinary Business Economics Advancement Journal
Complex Systems and Time Series Analysis
5.65
article

DYNAMIC PRICING IN FINANCIAL TECHNOLOGY: EVALUATING MACHINE LEARNING SOLUTIONS FOR MARKET ADAPTABILITY

Md Azher Uddin, Md. Golam Jilani Helal, Md Arif, Abdullah Al Mamun, Firoz Mahmud, Md Jamil Ahmmed, Tauhedur Rahman, Parvis Akter, Md Parvez Ahmed, Sanjida Nowshin Mou, Md Shakhaowat Hossain
article en
5 citations

Abstract

The rapid advancement of technology has transformed the financial services sector, leading to the rise of fintech companies that leverage cutting-edge tools such as artificial intelligence (AI) and machine learning (ML) to offer innovative solutions. One area where fintech is particularly impactful is dynamic pricing, which involves adjusting prices in real-time based on market conditions, user behavior, and external factors. The ability to optimize pricing in response to fluctuating conditions is critical for maximizing profitability, improving customer satisfaction, and maintaining competitiveness. In this context, machine learning algorithms provide a powerful framework for making data-driven pricing decisions by learning from historical data and predicting future trends.

International Interdisciplinary Business Economics Advancement JournalVol. 05(10)
University of Science and Technology (YE), St. Francis College (US), Quantitative BioSciences (US), Gannon University (US)
Industry, innovation and infrastructure
Openalex Percentile: Top 4%
Complex Systems and Time Series Analysis
5.65
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