Blockchain-Enabled Analytics in Banking Enhancing Risk Management for the Future of the Industry

Blockchain technology is transforming the banking industry by enhancing data analytics, offering greater trans- parency, efficiency, and security. This study examines the impact of blockchain-enabled analytics on banking's future, focusing on how decentralized ledger technology can drive innovation, improve risk management, and reduce costs. Despite its potential, there's a research gap on its full implementation in banking. This paper addresses this by analyzing the challenges and opportuni- ties of adopting blockchain analytics. The findings suggest that these technologies could significantly enhance transaction pro- cessing, risk management, and customer trust. Future research should explore the long-term impact on banking performance, scalability, and customer experience.

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Publication Details

Published
2024-09-12
DOI
https://doi.org/10.1109/ictiia61827.2024.10761588
Citations
2
Primary Topic
Blockchain Technology Applications and Security
Type
article
Field-Weighted Citation Impact
1.56
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article

Blockchain-Enabled Analytics in Banking Enhancing Risk Management for the Future of the Industry

Marviola Grace Hardini, Qurotul Aini, Dwi Julianingsih, Rusdi Pratomo et al.
2 citations
Blockchain Technology Applications and Security
1.56
article

Blockchain-Enabled Analytics in Banking Enhancing Risk Management for the Future of the Industry

Marviola Grace Hardini, Qurotul Aini, Dwi Julianingsih, Rusdi Pratomo, Dedeh Suprianti
article en
2 citations

Abstract

Blockchain technology is transforming the banking industry by enhancing data analytics, offering greater trans- parency, efficiency, and security. This study examines the impact of blockchain-enabled analytics on banking's future, focusing on how decentralized ledger technology can drive innovation, improve risk management, and reduce costs. Despite its potential, there's a research gap on its full implementation in banking. This paper addresses this by analyzing the challenges and opportuni- ties of adopting blockchain analytics. The findings suggest that these technologies could significantly enhance transaction pro- cessing, risk management, and customer trust. Future research should explore the long-term impact on banking performance, scalability, and customer experience.

Universitas Muhammadiyah Tangerang (ID)
Decent work and economic growth
Openalex Percentile: Top 12%
Blockchain Technology Applications and Security
1.56
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