Top Research Papers on FinTech

The research results show that the FinTech ecosystem in Indonesia is experiencing rapid growth by offering 8 product categories, of which the Lending category is the most prominent area, and has won the second position in the top two funding positions after Singapore at the ASEAN level.

The aim of the research is to determine the impact of financial technology (FinTech) on financial development in EU countries. The multi-dimensional nature of the concepts described above and the low availability of data for regions smaller than countries makes it difficult to investigate the link between financial development and FinTech, as well as affects the values of the results due to a certain averaging of indices across countries. The study examines the Global FinTech Index and the Financial Development Index, which characterize financial development in the EU countries, as well as the...

The study examines the role of fintech on the performance of deposit money banks and SMEs in Nigeria. The study employed ex-post facto research design in the work. The data generated from the secondary data were presented and analysed using quantitative method. The method of analysis used in this study was the Auto-regressive distributed lag technique (ARDL) method. The study found that financial technology have a significant impact on the performance of deposit money bank in Nigeria. This is evident from the F calculated value of 1234.17, which is greater than the F critical value of 3.11. Th...

This study centred on the effect of technology on conventional payment methods and their consequences for society. Considering the presence of digital currencies, also known as cryptocurrencies, used in transactions through financial technology (fintech), this study could serve as a basis for developing laws and regulations governing fintech. The purpose of this study was to offer a clear and specific understanding of the legitimacy and societal advantages of fintech in Indonesia. This study employed regulatory research methodology, incorporating socio-legal techniques, legislative analysis, a...

The definition of Fintech is investigated and the extent of the impact of F Intech variables on the Cybersecurity as the dependent variable is measured to find the influence of the influence coefficient significantly increased to 0.908, which explains that there is a complementarity between the sections of the independent variable.

This study aims to determine empirical evidence of the effect of financial inclusion and financial technology (fintech) on the behavioral finance of MSMEs. This study uses a quantitative method with a positivist paradigm approach. The population of this study is all MSMEs in Indonesia. The sample used in this study is 205 respondents (MSME owners) from all over Indonesia. Sampling is carried out using a random technique. Data collection is carried out by distributing questionnaires, both manually and online using Google Forms, and is measured using a 5-point Likert scale. The data processing i...

Investigation of the critical success factors influencing the adoption of disruptive financial technology for financial inclusion in rural India finds that factors constructing the social influence also positively impact behavioural intention to use manager technology in the rural sector in India.

The drivers of the evolution of the FinTech sector are examined, including supply-side factors, related to the digital revolution, and demand- side factors,related to the emergence of new consumer patterns, which include the development of FinTech in payment services, lending and funding.

The results of the study provide evidences of statistically significant positive relationships between per capita GDP and usage of new technology and smartphones in financial transactions and payment processing and should be taken into consideration when forming the policies regarding the use of newtechnology and smartphones.

Internet banking should be highly promoted as increment in its usage improved financial development in Nigeria and economic and financial policies should be fine-tuned in a way that as the economy grows it will stimulate financial development as against boosting financial development only in the short run but retarded it in the long run.

Findings of current research proves that Fintech service has an impact on the financial performance of BSI in terms of CAR, ROA, ROE, BOPO, and FDR.

The financial sector is undergoing a paradigm shift due to technological improvements. As a result of these technical breakthroughs, the financial industry has experienced a significant transformation, characterised by a growing reliance on technology and the emergence of several opportunities and barriers. Thus, by examining official reports and the central bank’s website, the research aimed to analyse the roles played by Islamic fintech in promoting financial inclusion to gain a comprehensive understanding of fintech in Malaysia. The qualitative analytical approach employed in this study rel...

This study aims to analyze how financial literacy, FinTech, and also locus of control influence the financial management behavior of Faculty of Economics (FE) at UIN Malang students. This study uses descriptive quantitative methods with primary data questionnaires. The population of this study was 1,520 students of FE UIN Malang. The sample used was 317 students calculated using the slovin formula. The data analysis used was multiple linear regression with SPSS 25. The results showed that financial literacy and locus of control significantly affected financial management behavior. While FinTec...

Comments and assessments are provided on the current status of Fintech applications in stock trading in Vietnam and some proposals to widely deploy these applications in the stock market in the near future.

The study investigates the critical factors affecting financial behavior in Micro, Small, and Medium Enterprises (MSMEs). It analyzes the role of financial literacy, attitudes, and financial technology (Fintech) on financial management behavior among 1.1 million DKI Jakarta MSME stakeholders in 2020 through random sampling. The study reveals that heightened financial literacy positively influences financial management behavior. A solid foundation in financial knowledge, encompassing personal and corporate finance, leads to improved financial practices. This validates theories about cognitive b...

This research aims to identify the threats posed by cybercrime to the fintech sector, as well as the preventative measures taken by the industry in the form of cybersecurity, using previously published publications on cybercrime and cybersecurity in the financial technology industry.

The results showed that there are opportunities and challenges of sharia fintech in Indonesia consisting of: regulation, human resources, and mastery of technology from the community.

Financial Technology (Fintech) is a technology alternative that facilitates loan transactions that can be done online. Online loans create new problems such as rampant fraud and default. Referring to the problems described, this research was conducted with the aim of explaining the legal position of financial technology-based online loan agreements (Fintechl), and knowing the legal protection of creditors who provide financial technology-based online loans (Fintech). This research used normative legal research. Sources of data are primary and secondary legal materials, data are combined with r...

It is found that Fintech has enormous potential to grow and impact the banking industry and the entire world, and the use of emerging technology and collaboration between FINTech firms and banks can improve system-wide financial stability while minimising the negative externalities of disruption and competition.

In the mode of electronic commerce, the payment system uses information technology such as e-wallets, e-payments, even Financial Technology or “Fintech”, which takes place virtually through a number of information technology-based applications.

The holistic approach to the phenomenon of expansion of financial innovations and current financial technologies, as abbreviated as FinTech, knows very specific elements and adapted to the global financial context. Moreover, this new funding instrument has mainly emerged from the need to streamline the funding system, a technology-based system, or to provide financial services tailored to the current needs of consumers (especially those in need of funding, this is also the real reason for the coupling of fintech to the financial inclusion of those excluded financially), as well as the design o...

This research aimed to shed light on one of the important topics, which is fintech in the Arab countries, focusing on Egypt and Saudi Arabia, and to identify the most important opportunities and challenges.

There is a significant influence on perceptions of financial technology, there is a significant influence on attitudes towards financial technology and the simultaneous influence of perceptions and attitudes towards financial technology.

Purpose This paper aims to elaborate the reasons why Indonesia needs Law on Fintech. This paper also identifies the flaws in the existing regulations and policies on Fintech, and it also proposes an ideal framework for a fintech law as a strategy to strengthen consumer protection and to accelerate the growth of the digital economy in Indonesia. Design/methodology/approach This is normative research with a legal approach. Data were collected through a literature study and analyzed using legal norm method. Findings The promising potential and growth of the fintech industry in Indonesia need...

Financial inclusion is a major strategy of sustainable development while financial technology (Fintech) has been identified as a new innovation that can be employed to achieve financial inclusion. With growing influence of Fintech in Nigeria, gains associated with a large number of people who are financially included is enormous. However, a large proportion of its population do not have adequate access to physical and technological infrastructures; that could aid financial inclusion. The impact of financial technology on financial inclusion in Nigeria is the focus of this paper. ARDL method wa...

An artificially low interest rate on household savings is a common form of financial repression in developing economies and typically benefits incumbent banks. Using proprietary data from a leading Chinese FinTech company, we study the role of Fintech in ending the financial repression by introducing to households money market funds (MMFs) with deposit-like features. Cities and banks whose depositor base are more exposed to FinTech see greater deposit outflows. Importantly, banks respond to FinTech competition by offering their own products with market interest rates. FinTech thus facilitates a bot...

The growth of sharia fintech is not proportional to the majority of the Muslim population. There are only a few studies that discuss the behavioral intentions of consumers who use sharia fintech. This study aims to identify the factors influencing Muslim's behavioral intentions in using sharia fintech. This study conducted 400 respondents in four types of sharia fintech (digital payment, lending, crowdfunding, and risk and management). This study uses a structural Equation Modeling - Partial Least Square (SEM-PLS) approach. Variable Planned behavior (PB), Acceptance Model (AM), Use of Technolo...

The desire to edit a book on FinTech came out of the two decades of experience as a practitioner of finance and technology and has enabled the birth of new industries and business models.

This review provides a comprehensive overview of how FinTech is reshaping regulatory compliance in banking and underscores the need for adaptive regulatory strategies and collaborative efforts to harness the full potential of FinTech while safeguarding financial stability and consumer trust.

It can be seen from the growth of zakāh‎ distribution from 2015 to 2019 experienced a significant increase, reaching an average of 40.93%, which indicates that fintech has played a significant role in increasing zakâh‎ collection over the last five years.

Using three databases, including SCOPUS, ScienceDirect, and IEEE Xplore and Mendeley devices for journal database management, this study attempts to formulate an understanding of Finttech, Fintech variety, trends and FintECH innovations, what problems arise from FintTech innovation and how solutions are implemented.

Research Aims: Analyzing the Influence of Financial Literacy and the Use of Financial Technology (FinTech) on Financial Behavior in Bandung Regency Micro, Small and Medium Enterprises (MSMEs).   Design/methodology/approach: This research uses a quantitative approach through correlational methods.   Research Findings: The research results found: 1). Financial literacy has a positive and significant effect on financial behavior variables. 2). The use of financial technology (FinTech) has a positive and significant effect on financial behavior variables. 3). Financial literacy and the use of ...

The hypothesis of financial literacy, business expectations, performance expectations, performance expectations can increase interest in adopting fintech services can increase interest in adopting fintech services while the moderatimg variable, namely education, is not in accordance with the research hypothesis.

The evolution of fintech, its transformative role in increasing financial inclusion, and the challenges it faces are examined, such as regulatory and cybersecurity concerns.

A bibliometric analysis in social, environmental, and computer sciences fields is conducted to analyse the implementation of environment-friendly computer applications to benefit societal growth and well-being and suggests that ‘ACM International Conference Proceedings' is the core source of published fintech literature.

It is necessary to improve the supervision of the regulators; increase the popularity of financial inclusion and personalization of financial products; strengthen the implementation of the Data Protection Act, data protection, technology update and consumer education; and improve the efficiency and accuracy of the business.

The conclusions drawn from the research serve to augment the understanding of financial technology, establish the connection between science and technology, and guide the decision-making.

Artikel ini memberikan tambahan ilmu pengetahuan serta memberikan pemaparan mengenai perkembangan bisnis diera financial technology (fintech) yang yang berlandaskan prinsip Islam, Islam memandang perkembangan teknologi merupakan sesuatu yang diperbolehkan selagi tidak bertentanggan dengan prinsip Syariah. Kemajuan financial technology (fintech) dan pengembangan bisnis Islam, dalam dunia bisnis di era revolusi industri 4.0 dan era society 5.0. mendapatkan perhatian penting karna zaman terus berkembang.  Metode kualitataif dengan analisis deskriptif digunakan dalam penelitian ini, adapun rujukan...

The role of Fintech in shaping the future of the financial industry and the need for effective regulation, risk management, and technological innovation to harness its full potential while mitigating associated risks are emphasized.

Financial social work extends inclusion by providing clients access to financial products, services, and technology. We summarize evidence about how financial technology impacts economic inequality and discuss implications for social work practice, education, and policy.

This research is focuse on how thepractise of FinTech in Indonesia still needs some preparation such as the mature of technology, resources, users and regulation.

Pada era perkembangan Era Society 5.0 yang ditandai dengan pencatatan data elektronik (big data) dan bertambah luasnya konektivitas internet ke perangkat fisik (internet of things), menjadikan pencatatan buku besar elektronik (block chain) muncul sebagai sistem baru dalam teknologi saat ini. Penggunaan teknologi berkembang dengan pesat dalam memenuhi kebutuhan manusia untuk mendapatkan informasi dan berbagai layanan elektronik lainnya. Dengan maraknya perkembangan Fintech yang semakin menjamur berdampak positif dan negatif. Permasalahan yang ada yakni minimnya pengetahuan tentang FINTECH dikal...

A typology is developed which highlights strategies pro-poor FinTechs use and explains the types of entrepreneurial support innovative organisations provide for their customers and contributes to enhanced financial inclusion and entrepreneurial promotion amongst the poor.

Using the revealed preference framework, it is found that transaction failure does not deter the users from using the biometric platform, and convenience offered by technology seems to score over other conventional banking channels, despite a high failure rate.

This study used quantitative-desciptive method, and resulted in some findings that Cooperatives can become the fintech P2PL Platform model, as an alternative business model by changing conventional savings and loan businesses into the P1PL platform.

The result showed that consumers’ trust had the highest impact on the adoption of Fintech payment services, followed by performance expectancy and effort expectancy, which would enhance the awareness for people to become more open towards the acceptance of Fintsech for their daily transactions.

It is found that Fintech has a higher positive correlation with digital financial inclusion than traditional measures of financial inclusion and that Fintech alone may not be sufficient to close the gender gap in access to financial services.

The findings underscore the importance of regulatory clarity, cybersecurity measures, and technological literacy in harnessing the full potential of fintech in harnessing the full potential of fintech for inclusive economic development.

Any innovation in technology is permissible in Islam as long as it complies with the Sharia rules. This paper aims to describe the challenges and prospect of the trending topic in Islamic finance, i.e., Islamic financial technology, or Islamic Fintech for short. In this research, we discuss several Islamic Fintech firms in Indonesia and Singapore regarding their profile, prospect, and challenges. The data were collected using questionnaire dissemination to those firms using online media, namely email and Facebook inbox. The results of this research are expected to add the literature of Islamic...

This study seeks to determine if financial technology (fintech), Financial Literacy, and income impact financial inclusion in society. This research was conducted quantitatively involving Generation Z from the former Pati Residency. Generation Z are those born in 1995-2010. Financial literacy can be used as a measuring tool to determine the extent to which a person understands financial concepts, ability to manage, and confidence in making long-term planning decisions by taking into account economic conditions. Likewise, income can serve as an indicator of an individual's financial management ...