Cross-Industry Applications of Fintech: Opportunities and Challenges in Real Estate, Healthcare, and Energy
Abstract
Fintech has emerged as a transformative force, driving cross-industry innovation by merging finance and technology to streamline processes and enhance service delivery. This article explores the multifaceted applications of fintech within three pivotal sectors: real estate, healthcare, and energy. In real estate, fintech innovations such as blockchain-enabled smart contracts, digital mortgage processing, and crowdfunding platforms are redefining transaction transparency and investment accessibility. In healthcare, digital payment solutions, blockchain-based patient data management, and AI-driven billing automation are improving financial efficiency and also enhancing patient care. The energy sector, meanwhile, benefits from fintech through decentralized digital payment systems, blockchain-facilitated energy trading, and fintech-driven sustainability finance, including carbon credit trading. The study systematically examines key opportunities that these fintech solutions offer, such as improved efficiency, enhanced transparency, and democratized access to financial services. Concurrently, it addresses significant challenges including regulatory hurdles, interoperability issues with legacy systems, cybersecurity risks, and resistance from traditional stakeholders. Through synthesizing current literature, empirical studies, and industry data, this article aims to provide a comprehensive analysis of the evolving fintech environment and propose strategic recommendations for fintech developers, businesses, and regulators.
Keywords
Fintech, Digital Transformation, Blockchain, Real Estate, Healthcare, Energy, Digital Payment, AI, Regulatory Challenges, Interoperability, Cybersecurity, Adoption Barriers
Citations
IRE Journals:
Ibrahim Olawale Akanbi
"Cross-Industry Applications of Fintech: Opportunities and Challenges in Real Estate, Healthcare, and Energy" Iconic Research And Engineering Journals Volume 8 Issue 8 2025 Page 590-606
IEEE:
Ibrahim Olawale Akanbi
"Cross-Industry Applications of Fintech: Opportunities and Challenges in Real Estate, Healthcare, and Energy" Iconic Research And Engineering Journals, 8(8)
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