International Journal of Financial Technology Perspective

International Journal of Financial Technology Perspective

Fintech Forensics: Opportunities And Challenges

Document Type : Original Article

Authors
1 Accounting, Faculty of Economics and Management, Islamic Azad University Science and Research Branch, Tehran, Iran.
2 Ph.D. Candidate of Accounting, Faculty of Economics and Management, Islamic Azad University Science and Research Branch, Tehran, Iran Iran
Abstract
In recent decades, with the introduction of digital technologies into our daily lives, our lifestyles have completely changed, and the field of finance and accounting is no exception to this rule, which resulted in the formation of a field called financial technology. This paper describes an emerging subdiscsipline of digital forensics which covers financial technologies. The digital transformation of society is introducing new financial technologies, or Fintech, for payments, funds transfer, and other financial transactions. Criminals are leveraging financial technologies for fraud ,extortion, money laundering, and financing activity in the criminal under ground. The type of financial crimes has changed from the traditional to the modern way, which has led to the formation of an emerging discipline called fintech forensics, which through the use of new technologies help preventing and detecting all types of financial frauds and organized financial crimes, like money laundering, underground economic activities, Financial Corporation and etc.

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