A Study on the Implementing Fintech Solution and Money Laundering Vulnerabilities

FinTech is shaking up finance, but it's also opening doors for money launderers, unfortunately. This research digs into how these new technologies, especially in India, create weak spots for financial crime. Using existing research, the study wants to pinpoint exactly where these risks lie in different FinTech areas, figure out why it's so tough for regulators to keep up, and suggest better ways to fight money laundering in this new world. The goal is to help FinTech companies beef up their security, guide regulators in making smart rules, and inform governments on how to tackle digital money laundering, all while keeping the good stuff about FinTech innovation going strong. Ultimately, this research aims to bridge the gap between exciting new finance tech and the very real threat of financial crime. Keywords: FinTech, Money Laundering, AML (Anti- Money Laundering), Vulnerabilities Risk Mitigation, Financial Crime, Financial Innovation, Emerging Technologies

Authors

Publication Details

Journal
International Scientific Journal of Engineering and Management
Published
2025-04-03
DOI
https://doi.org/10.55041/isjem02605
Primary Topic
FinTech, Crowdfunding, Digital Finance
Type
article
Field-Weighted Citation Impact
0.00
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article

A Study on the Implementing Fintech Solution and Money Laundering Vulnerabilities

Patil Lavanya Kavishkumar Shubhangi
International Scientific Journal of Engineering and Management
FinTech, Crowdfunding, Digital Finance
article

A Study on the Implementing Fintech Solution and Money Laundering Vulnerabilities

Patil Lavanya Kavishkumar Shubhangi
article en

Abstract

FinTech is shaking up finance, but it's also opening doors for money launderers, unfortunately. This research digs into how these new technologies, especially in India, create weak spots for financial crime. Using existing research, the study wants to pinpoint exactly where these risks lie in different FinTech areas, figure out why it's so tough for regulators to keep up, and suggest better ways to fight money laundering in this new world. The goal is to help FinTech companies beef up their security, guide regulators in making smart rules, and inform governments on how to tackle digital money laundering, all while keeping the good stuff about FinTech innovation going strong. Ultimately, this research aims to bridge the gap between exciting new finance tech and the very real threat of financial crime. Keywords: FinTech, Money Laundering, AML (Anti- Money Laundering), Vulnerabilities Risk Mitigation, Financial Crime, Financial Innovation, Emerging Technologies

International Scientific Journal of Engineering and ManagementVol. 04(04)
Openalex Percentile: Top 91%
FinTech, Crowdfunding, Digital Finance
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