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.

Institutions

Publication Details

Journal
Zenodo (CERN European Organization for Nuclear Research)
Published
2024-09-30
DOI
https://doi.org/10.5281/zenodo.14910401
Primary Topic
Bioinformatics and Genomic Networks
Type
article
Field-Weighted Citation Impact
0.00
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article

Achieving data privacy and security in fintech cloud computing environments

Zenodo (CERN European Organization for Nuclear Research)
Bioinformatics and Genomic Networks
article

Achieving data privacy and security in fintech cloud computing environments

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.

Zenodo (CERN European Organization for Nuclear Research)
University of the Cumberlands (US)
Industry, innovation and infrastructure
Openalex Percentile: Top 62%
Bioinformatics and Genomic Networks
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