Analysis of the accounting advantages and risks faced by companies in the financial sector in the Metaverse

Abstract

The influence of the Metaverse is global in nature, and this is how different companies in the financial sector, such as banks, have ventured into the immersive virtual reality environment, finding opportunities for potential customer data, using algorithms to identify intelligence and trends. of the businesses the usurers wish to acquire. In this sense, companies face great risks, such as cybercrime, fraud, theft and deception in the process of obtaining data, transactions and false identity, which would lead to economic and legal effects with an impact on accounting. The research is documentary, exploratory and transversal. The object of study are documents and articles hosted on Google Scholar. The authors describe the particularities of companies in the financial sector in the Metaverse, thus analyzing advantages and disadvantages that we currently find. We refer to documents such as “Financial reinvention in the Digital Age 2022” being more specific to chapter 12, “Metaverse and financial services” by Juan Sebastián Peredo Bernal. This research aims to clearly synthesize the necessary foundations for the implementation of anti-fraud processes in the metaverse and thus visualize a safe space to highlight the virtues of this post-reality universe in companies in the financial sector.