Would Business Applications Such as the FinTech Benefit by ChatGPT? If So, Where and How?

The paper investigates the integration of ChatGPT, an advanced language model, in the Financial Technology (Fin-Tech) industry. The paper explores the benefits of incorporating ChatGPT in payment services, robo-advisory platforms, and bril-liant contract execution. Ethical and regulatory considerations, including transparency, bias mitigation, and data protection, are analyzed to ensure responsible deployment. The paper illustrates also successful implementations of ChatGPT in real-world FinTech applications. The study provides valuable insights into enhancing user experiences, efficiency, and innovation within the FinTech landscape. Recommendations are offered to pro-mote transparency, fairness, and collaboration between ChatGPT developers and FinTech companies. Future research directions address advancements in language processing and workforce implications.