Metaverse technologies and their future impact on financial and accounting services

Abstract

The emergence of the metaverse—driven by advancements in the Internet, Augmented Reality (AR), and Virtual Reality (VR)—is reshaping business models and transforming operational processes across industries, particularly in financial and accounting services. The integration of Financial Technologies (FinTech) with metaverse platforms has enabled banks and financial institutions to introduce new digital services, while the rapid expansion of Non-Fungible Token (NFT) markets has created both opportunities and challenges for accounting, auditing, and financial reporting. This study introduces the key technologies that underpin the metaverse, including AR, VR, Digital Currencies (DCs), blockchain, 3D design, the Internet of Things (IoT), and Artificial Intelligence (AI). Through a review of reputable international and domestic research databases, the study synthesizes current developments and examines their implications for the future of financial and accounting services. The findings provide an integrated perspective on the potential benefits of digital transformation and highlight strategic considerations for organizations seeking to operate within metaverse-driven financial ecosystems.