The chapter focuses on substantial aspects of enhancing FinTech's digital security by integrating Generative AI into regulatory frameworks and strategies. By examining the evolution and dynamic nature of cyber threats, the study attempts to explain the necessity of using AI technologies to develop defense mechanisms for data security and encryption to protect financial information. The chapter overviews the CIA Triad framework—confidentiality, integrity, and availability—and provides examples of how Generative AI can protect confidential digital information and promote data privacy trust. Moreover, it analyzes regulatory technology’s (RegTech) role in adapting to a dynamic FinTech environment and providing regulatory compliance solutions. The chapter evaluates how Generative AI influences cybersecurity regulations and shapes security practices by maintaining the balance between Fintech innovation and cyber risk management. It considers the understanding of concepts needed to develop an advanced digital security strategy for FinTech related to data safety and the growth of trust and compliance in a financially integrated world.

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Enhancing Digital Security in Fintech Through Integration of Generative AI in Regulatory Practices

  • Artor Nuhiu

摘要

The chapter focuses on substantial aspects of enhancing FinTech's digital security by integrating Generative AI into regulatory frameworks and strategies. By examining the evolution and dynamic nature of cyber threats, the study attempts to explain the necessity of using AI technologies to develop defense mechanisms for data security and encryption to protect financial information. The chapter overviews the CIA Triad framework—confidentiality, integrity, and availability—and provides examples of how Generative AI can protect confidential digital information and promote data privacy trust. Moreover, it analyzes regulatory technology’s (RegTech) role in adapting to a dynamic FinTech environment and providing regulatory compliance solutions. The chapter evaluates how Generative AI influences cybersecurity regulations and shapes security practices by maintaining the balance between Fintech innovation and cyber risk management. It considers the understanding of concepts needed to develop an advanced digital security strategy for FinTech related to data safety and the growth of trust and compliance in a financially integrated world.