Purpose: This research portrays the emerging technologies that are drilled in the finance sector. The paper outlines technological advancement in operational financial activities such as banking, non–banking, financial corporations, insurance corporations, and other financial sectors. Simultaneously, completed a literature review. The major agenda of this research paper is to explore a theoretical background of leveraging technology in financial operations, develop a conceptual understanding of new technological advancement in the financial sector as well as design a structural framework of literature reviews of it.
Research Methodology: The research paper first aims to develop a conceptual framework to know and build knowledge about leveraging technologies in the finance sector. Second, develop a structural view in the context of systematic literature review of leveraging technology in finance. Based on desk research; it is exploring qualitative phenomena and the information can have representations through literature. Information collection is based on secondary sources of data such as journal articles, websites, reports, newspapers, book chapters, etc.
Findings: Elaborating various technological changes in finance such as risk management, frauds & errors detections, portfolio as well as assets management, quality customer services, trading management, security & protections-based customizations, data usage, transactions management etc.
Research Value/Implication: This research work will enhance the understanding of technological transformations in the finance operations. This paper will help the research fraternity to understand the conceptual clarity and get more insights about the transformation in finance operations.