TL;DR
This paper reviews how distributed systems like blockchain and DLT are transforming Fintech by improving security, scalability, and efficiency, while discussing their architectures, benefits, challenges, and future prospects.
Contribution
It provides a comprehensive analysis of distributed technologies in Fintech, highlighting recent advancements, applications, and future directions in the field.
Findings
Distributed systems enhance security and scalability in Fintech.
Blockchain and DeFi are key drivers of innovation in financial services.
Challenges include security risks and integration complexities.
Abstract
The emergence of distributed systems has revolutionized the financial technology (Fintech) landscape, offering unprecedented opportunities for enhancing security, scalability, and efficiency in financial operations. This paper explores the role of distributed systems in Fintech, analyzing their architecture, benefits, challenges, and applications. It examines key distributed technologies such as blockchain, decentralized finance (DeFi), and distributed ledger technology (DLT), and their impact on various aspects of the financial industry, and future directions for distributed systems in Fintech.
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