Abstract:

Economic development is a challenge for all the countries and affect both businesses and people. Financial markets play an important role in each economy. Currently, investments and financial markets are moving to a next stage: artificial intelligence and digital financial system. The research paper comes to present how FinTech has revolutionized the entire financial services industry by using innovative and advanced technologies such as Blockchain, cryptocurrencies, XBRL, Artificial Intelligence and robot-advisors. These advanced financial technologies come to realign and boost the efficiency and quality of financial services by cutting the human errors and time processing