Digital Transformation in Finance and Enterprise Systems: Modernization, Automation, and Data Integrity

Abstract

The modern financial institutions are being transformed by the computerization of the financial enterprise systems in terms of operational and strategic platform. The paper will discuss the role of advanced technologies like artificial intelligence, cloud computing, smart automation, and data-centric architecture in the process of enhancing the modernization of the enterprise systems in the financial industry. The intelligent robotic AI is being proposed in the re-engineering of the old systems to transform them into scaled and robust infrastructures, which are modular. The development of the agility, security, and integrity of the data related to these operations is also improved due to the introduction of such sophisticated technologies as the robotization of the processes, blockchain, and edge computing. Additionally, organizational cultural change and the power of the system of regulation are also mentioned as the most effective forces of change and their obstacles. The paper is a critical commentary on how digital technologies may be utilized by finance enterprises to enhance efficiency, compliance, and strategic development within the dynamic digital economy using ten current and recent scholarly and industry articles.