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The fintech industry, at the forefront of digital innovation, faces an evolving landscape of cyber threats that necessitates robust cyber resilience strategies. This study explores integrating Artificial Intelligence (AI) and Governance, Risk, and Compliance (GRC) frameworks to enhance cybersecurity in fintech. It examines the current cyber threat landscape, highlighting common and emerging threats, and emphasizes the role of AI in predicting and mitigating these risks. The study underscores the importance of GRC frameworks in establishing effective governance, managing risks, and ensuring compliance with regulatory requirements. By integrating AI-driven tools and GRC frameworks, fintech companies can proactively address cyber threats, ensuring the continuity and integrity of their operations. Strategic recommendations include investing in AI technologies, fostering a culture of cybersecurity awareness, and adopting comprehensive GRC practices. The study also identifies potential areas for further research, such as advanced AI algorithms and the ethical implications of AI in cybersecurity. These insights guide fintech companies in building robust cyber resilience, safeguarding customer trust, and maintaining regulatory compliance in an increasingly digital financial ecosystem.
Oluokun et al. (2024) studied this question.