Smart Finance: An overview of Artificial Intelligence Integration in Fintech

The role of FinTech in advancing contemporary economies, societies, and technologies is growing. Smart FinTech is the next wave of FinTech that leverages artificial intelligence and data science methodologies to drive major advancements in fields including blockchain, cryptocurrencies, InsurTech, PayTech, BankingTech, TradeTech, LendTech, InsurTech, WealthTech, and RiskTech. An overview of these domains, as well as the artificial intelligence and data science techniques applied, is given in this paper. These techniques include augmentation, optimization, privacy-preserving processing, deep learning, federated learning, and intelligent interactions, complex system methods, mathematical approaches, knowledgeable communication, recognition and responses, and data analytics. This study offers a thorough analysis of smart financial companies, the obstacles they face, the smart FinTech environment, the artificial intelligence and data science methods that make smart FinTech possible, and potential future research areas for the artificial intelligence and data science community. To improve comprehension and analysis, the work makes use of visual aids such as figures and tables. The relevance of data quality, including data augmentation and manipulation, as well as enhancing fairness and decision-support, is emphasized in the study for financial firms. It also covers ethical and explicable FinTech, with a focus on privacy preservation, accountability, openness, and objectivity in FinTech and business designs. The potential for more research and innovation at the heart of analytics, data science, and FinTech is highlighted in the paper's conclusion.