Powered by OpenAIRE graph
Found an issue? Give us feedback
image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/ ZENODOarrow_drop_down
image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/
ZENODO
Article . 2026
License: CC BY
Data sources: ZENODO
ZENODO
Article . 2026
License: CC BY
Data sources: Datacite
ZENODO
Article . 2026
License: CC BY
Data sources: Datacite
versions View all 2 versions
addClaim

The Role of Digital Finance and Financial Analytics in Improving Financial Performance: A Review Study

Authors: Patel, Mahak J.; Taware, Varsha;

The Role of Digital Finance and Financial Analytics in Improving Financial Performance: A Review Study

Abstract

Abstract The rapid growth of digital technologies has changed the financial sector. This has led to the widespread use of digital finance in financial institutions and businesses. Digital finance systems, such as mobile banking, digital payments, fintech platforms, and cloud-based financial services, create large amounts of financial data. This data can help improve financial management. Meanwhile, financial analytics has become an important tool for turning digital financial data into useful insights. These insights support financial planning, forecasting, risk management, and decision-making. This study aims to review existing literature on digital finance and financial analytics to examine how they work together to improve financial decision-making. The research looks at published papers, books, and reports related to digital finance, fintech, and financial analytics. The findings indicate that while digital finance offers a strong technological basis and generates real-time data, financial analytics is crucial for turning this data into practical information for management and financial decisions. However, the literature also shows that there is limited research connecting digital finance and financial analytics from the perspective of financial decision-making. This study emphasizes the need for data-driven financial approaches and lays the groundwork for future research in this evolving area.

Keywords

Keywords:Digital Finance, Financial Analytics, FinTech, Big Data, Financial Decision-Making, Financial Performance

  • BIP!
    Impact byBIP!
    selected citations
    These citations are derived from selected sources.
    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    0
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Average
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Average
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Average
Powered by OpenAIRE graph
Found an issue? Give us feedback
selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
Green