The convergence and future scope of these three technologies (cloud computing, AI, and blockchain) in driving transformations and innovations within the FinTech industry

Abstract

Fundamentally, "cloud computing" refers to the internet-based instantaneous allocation of resources for computers, including servers, storage, databases, software, and others. Imagine having limitless access to digital resources at any moment and location, similar to water and electricity. This eliminates the requirement for large early investments in hardware and software because only pay for the part of use. The resources and new and innovative technology which includes cloud computing or CC increase the production rate and the economic validity of a business. In the present day, the event of CC in the finance and economic sector is increasing. “Artificial intelligence or AI” has produced a great deal of controversy and intrigue at the same time. We must look at all of its elements, including its potential future, uses, and capacity, in order to fully comprehend its importance. AI especially as a software includes intelligence efficiency for opposing intelligence in living beings. In the study, the impact and effect of the use of cloud computing and AI in different kinds of financial sectors are discussed properly. With the help of a proper methodological process, the current challenges and risks of using the two above technologies are also discussed in the research.