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Journal articles on the topic 'Fintech Market'
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1
Farooqi, Muhammad Wali, Noshad Hussain Shah Banori, Naqeeb Ullah, Burree Sultan, and Amna Niaz. "The Integration of Fintech in Energy Markets: Economic Benefits and Policy Considerations." Asian Bulletin of Big Data Management 4, no. 3 (September 4, 2024): 51–68. http://dx.doi.org/10.62019/abbdm.v4i3.214.
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This study investigates the impact of, financial technology (fintech) integration, on the efficiency, cost reduction, and, sustainability of energy markets, with a, particular focus on, Pakistan. Employing, the Technology-Organization-Environment, (TOE) framework, the research, explores how fintech, adoption, investment in, fintech, regulatory support, technological, infrastructure, and market transparency, influence key market, outcomes. A structured questionnaire, was distributed to professionals, and stakeholders in the, energy sector, yielding 320,responses. The analysis, conducted using, Structural Equation Modeling (SEM) ,in Smart PLS, reveals that fintech, adoption significantly, enhances market efficiency, while, investment in fintech and market, transparency contribute to, cost reduction. Regulatory, support and technological, infrastructure are crucial, for market efficiency, and sustainability, respectively. The, study underscores the, need for a balanced approach that, includes supportive regulatory, frameworks and robust, technological infrastructure to fully, leverage fintech's potential. The findings, offer valuable insights for, policymakers and energy, market participants, highlighting, the critical role of fintech in driving, economic benefits and addressing, market inefficiencies. Future, research should expand, to multiple countries to validate these findings and explore additional contextual factors.
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Czarkowska, Marta, and Michał Polasik. "Success factors for the development of FinTech entities on the Polish market: a case study." e-mentor 105, no. 3 (July 2024): 31–40. http://dx.doi.org/10.15219/em105.1668.
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The dynamic development of services in the financial market that use digital technologies has made FinTech synonymous with modernity, and a term with growing popularity, both among banking professionals and the wider consumer community. Since 2009, the dynamic development of this new segment of non-banking startup entities within the financial sector, FinTechs, has been observed. The main objective of this study is to identify success factors for the development of FinTech entities, by conduscting research using a multiple case study method involving six selected FinTech entities operating in the Polish market, supported by an extensive literature review. Our research, as well as the analysis of secondary sources, established that one of the key factors supporting the success of the development of FinTech entities is the establishment of cooperation with banks, which brings significant benefits to both parties - banks and FinTechs - allowing them to exploit the potential for complementarities between their strengths and increase opportunities for joint development. Some of the solutions introduced by FinTechs are fully based on cooperation with banks, for example BLIK, a system integrated with mobile banking applications. The main barrier to the development of FinTechs in Poland has turned out to be limitations related to legal regulations and the manner of their implementation in the Polish market. The financial market is becoming increasingly regulated, and, at the same time, the Polish financial market supervisory authority is pursuing a rather restrictive policy. The most important factor that determines the popularity of digital FinTech services among Polish consumers is the ability to provide them with broadly understood convenience.
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Bondarenko, L., N. Moroz, R. Zhelizniak, and O. Bonetskyy. "FINTECH MARKET DEVELOPMENT IN THE WORLD AND IN UKRAINE." Financial and credit activity problems of theory and practice 6, no. 41 (January 10, 2022): 121–27. http://dx.doi.org/10.18371/fcaptp.v6i41.251410.
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Abstract. The trends of fintech development in the world and in Ukraine have been explored in the article. The COVID-19 pandemic has spurred accelerated financial innovation development and increase of investment in this area. Fintech’s payment sector has the highest investment activity and investors’ interest in such sectors as cybersecurity, regtech, cryptocurrency and blockchain is growing. Investors prefer US, UK, and German markets, as well as already developed, sustainable businesses. These investors’ interests and the concentration of investments are projected to continue in the coming years. Ukraine is characterized by a low level of development of financial technologies, but there has been an increase in investment activity in fintech, particularly in 2020 investments were increased in the early stages of business development. The development of fintech in Ukraine is expected to accelerate due to the recent positive changes that have taken place in this direction: a new law on financial monitoring has been enacted, allowing remote identification and verification of clients; the Law of Ukraine «On Virtual Assets» has been enacted, which will allow to regulate the process of circulation of cryptocurrency and development of the cryptosphere; the NBU has became the regulator of financial institutions and creating equal conditions for banking and non-banking institutions to operate on the market; the Fintech Development Strategy 2025 has been developed to stimulate innovation, improve the availability and quality of financial services, and create a strong fintech ecosystem; the Ukrainian Startup Fund has been established to promote the creation and development of technological startups. The following directions for further development of fintech in Ukraine have been defined: improving financial and digital literacy; increasing the availability and safety of non-cash transactions; developing the infrastructure of the fintech ecosystem; integration of the national fintech ecosystem into the global fintech ecosystem; accretion of the fintech market investment potential; financial services sector digitalization. It is necessary to introduce modern transparent methods of regulating the fintech market in order to stimulate financial innovation projects and consumer protection, to stimulate interaction of fintech companies and banks, other financial institutions towards the development and diffusion of financial innovations. Keywords: fintech, investments, innovations, fintech market, fintech companies. JEL Classification G20, G24 Formulas: 0; fig.: 4; tabl.: 0; bibl.: 13.
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Azari, Mahdi, Mohammad hassan Gholizadeh, Rasoul Jamshidi, and Mohammad Ebrahim Sadeghi. "Examining the impact of fintech on liquidity, credit, and market risks in the banking industry." International Journal of Innovation in Engineering 3, no. 4 (December 27, 2023): 13–27. http://dx.doi.org/10.59615/ijie.3.4.13.
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Objective: this research investiaged the iranian banking sector and its interaction with fintech and the effect of fintech on liquidity, credit, and market risk. Method: this research is applied research in terms of classification by purpose and descriptive-analytical in terms of execution method. The study examined the relationship between the fintech index and credit risk, liquidity, and market in banks admitted to the Tehran Stock Exchange in the 11-year period between 2010 and 2020. Findings: according to the proposed hypothesis, fintechs have a significant effect on bank liquidity risks, and fintech Index has a positive impact on market risk. Also fintech research has a significant effect on bank credit risks. Conclusion: As a result, the research findings provide a valuable insights into fintech in the banking industry and its impact on the risk dimension. While it is aligned with previous research, there are also significant contradictions that favor further research. The findings highlight the dynamic nature of the relationship between fintech acceptance and risk management and emphasize the importance of ongoing research in this field to inform strategies to enhance the stability and performance of banking institutions
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Holtfort, Thomas, Andreas Horsch, and Joachim Schwarz. "Global fintech entrepreneurship and its influencing factors: An evolutionary economic analysis." Risk Governance and Control: Financial Markets and Institutions 11, no. 1 (2021): 61–79. http://dx.doi.org/10.22495/rgcv11i1p5.
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Fintech entrepreneurship has already influenced financial markets and their players worldwide in a disruptive, but also a risky way (Thakor, 2020; Zeranski & Sancak, 2020). In this context, it seems worthwhile to analyze which factors drive the design and development of global fintech entrepreneurship. Thus, the paper takes fintech-related research a step further by exploring the drivers of fintech evolution in different countries and continents that display different levels of fintech activity. For this purpose, first economic, technological, legal, and cultural factors influencing the development of fintech entrepreneurship are examined from an evolutionary point of view, and second, a generalized linear mixed model is used in order to evaluate the statistical relevance of these factors on fintech entrepreneurship more comprehensively. The analyzed data period from 2000 to 2017 also makes it possible to assess the influence of the dot.com bubble and the financial crisis on fintech entrepreneurship. The results of the empirical analysis suggest that the gross domestic product (GDP), regulatory burden, government tech procurement and the degree of individualism are important drivers of fintech startup activity. These findings help gauge the present and future market position of fintechs, leading to implications for entrepreneurs, competitors, and regulators alike.
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Das, Dona, Rahul Shenoy, and Likitha D. "The Role of Fintech in Increasing Retail Participation in the Indian Stock Market." INTERANTIONAL JOURNAL OF SCIENTIFIC RESEARCH IN ENGINEERING AND MANAGEMENT 08, no. 11 (November 5, 2024): 1–7. http://dx.doi.org/10.55041/ijsrem38135.
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The rapid growth of financial technology (fintech) has brought substantial changes to retail investor activity in the Indian stock market. This study examines how fintech developments have boosted retail participation from 2017 to 2024, primarily through mobile trading platforms, robo-advisors, and digital payment solutions. Using a quantitative research method with secondary data, the study tracks the year-over-year increase in retail shareholders, noting a significant rise particularly after 2021. The findings point to factors such as the Digital India initiative, growing adoption of fintech, and evolving market conditions as key drivers that have reduced entry barriers for retail investors. The analysis establishes a connection between the advancement of fintech and improved access to the stock market, underlining fintech's significant contribution to democratizing investment opportunities. Nonetheless, ongoing issues like regulatory challenges and financial literacy gaps remain, highlighting the need for continued efforts to maximize fintech's potential in fostering sustainable growth in retail investment.
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Anielak, Karolina. "Fintech as a Source of Financial Innovations on the Polish Financial Services Market." Zeszyty Naukowe SGGW w Warszawie - Problemy Rolnictwa Światowego 19(34), no. 1 (April 1, 2019): 162–71. http://dx.doi.org/10.22630/prs.2019.19.1.15.
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The paper presents the definition of innovation, advancement and development of the Fintech sector on the global scale, with particular emphasis put on Poland. Fintechs, i.e. IT companies that provide increasingly more modern solutions for customers active on the financial markets are not fully described in the literature on the subject. The aim of the paper was to present a comprehensive definition of Fintech, show the scale of this type of ventures around the world and in Poland, and analyze the forms and potential of the cooperation of Fintech companies with financial services entities, in particular with the banks. The article uses a critical analysis of the literature of mainly English-language studies from the last 5 years, indicating the state of financial innovations and their importance on the global scale. The author analyzed statistical data from PWC Global Fintech Report, CitiGPS reports, Capgemini reports and KPMG, which enabled her to present the value of global investments in Fintech. The performed cause and effect analysis indicates that investments in the Fintech sector are becoming more and more popular, that this market will be growing due to cooperation, among others, with the banks which want to meet the requirements of their customers using more advanced technologies.
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Chi, Haochen. "The Current Situation and Development of Fintech." Advances in Economics, Management and Political Sciences 132, no. 1 (December 19, 2024): 104–9. https://doi.org/10.54254/2754-1169/2024.18450.
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With the rapid advancement of digital technology, financial technology (FinTech) has emerged as a transformative force in the financial services industry. FinTech not only meets consumer demand for efficient and convenient financial services but also drives innovation and competition in global financial markets. The expanding market size and increasing investment in FinTech highlight its significance in economic development, making it essential to study its current status, trends, and challenges. This study aims to explore the market size, regional development, and obstacles faced by FinTech, focusing on key markets in North America, Europe, and Asia. The research combines a literature review with case analysis. The subjects include global FinTech companies, traditional financial institutions, and regulatory bodies. Data sources comprise industry reports from organizations like Statista and McKinsey, academic literature, and market analysis data. The findings reveal that the global FinTech market exceeds $1.5 trillion and is poised for continued rapid growth. The study also identifies significant regional disparities in development and highlights challenges, including regulatory compliance and data security. Overall, while FinTech plays a crucial role in the global financial system, it must navigate various challenges to ensure sustainable growth.
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Vu, Thanh Son, Chien Thang Nguyen, and Hoang Le Duc. "The Impact of FinTech on Retail Banking: Empirical Evidence from Bank for Investment and Development of Vietnam." International Journal of Research and Review 11, no. 1 (January 29, 2024): 656–70. http://dx.doi.org/10.52403/ijrr.20240174.
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This paper is aimed at (i) synthesizing the impacts of FinTech on retail banking; (ii) analyzing the Vietnam FinTech and retail banking sector (iii) assessing the impacts of FinTech on retail banking of Bank for Investment and Development of Vietnam (BIDV) – the biggest bank in Vietnam in term of asset with strong digital transformation and retail banking orientation. Using secondary data and internal information of BIDV, key findings are: First, the impacts of FinTech on retail banking are mixed. FinTech's growth has promoted banking services by enhancing the flexibility and usability of financial services with lower costs and more efficient risk management. FinTech also brought various negative impacts on retail banking such as being the direct competitor in some retail market segments, cybercrime, and strategic and credit risks to banks. However, the positive impacts surpass the negative impacts. Second, Vietnam's FinTech ecosystem and retail banking sector have been significantly developed and still have much potential. Both banks and FinTechs in Vietnam realize the win-win approach in cooperation, but banks still recognize the challenges of FinTech in their retail banking operations. Third, at BIDV, the impacts of FinTech on retail banking are significantly positive, resulting from motivation to strengthen digital transformation, to utilize technologies and collaboration for higher quality services. FinTech helps BIDV to increase customers and transaction volumes, diversify products with innovative solutions and better service quality, safe transactions with cost savings. No negative impacts of FinTech on retail banking have been found at BIDV yet. Fourth, BIDV, State Bank of Vietnam (SBV) and other stakeholders should implement some solutions for better FinTech utilization in improving retail banking services and to mitigate the negative impacts in the future. Keywords: digital transformation, FinTech, financial innovation, financial services, retail banking.
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Joia, Luiz Antonio, and Joaquim Pedro Vasconcelos Cordeiro. "Unlocking the Potential of Fintechs for Financial Inclusion: A Delphi-Based Approach." Sustainability 13, no. 21 (October 22, 2021): 11675. http://dx.doi.org/10.3390/su132111675.
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The financial sector is experiencing an accelerated process of transformation shaped by fintechs, which opens an important window of opportunity to increase financial inclusion in emerging markets, such as Brazil, with high financial exclusion. Thus, this article investigates, through a Delphi approach involving fintech professionals, the potential of fintechs to enable financial inclusion in emerging markets, using Brazil as a proxy. The analysis carried out identified three domains related to fintechs that have the potential to impact financial inclusion: (i) fintechs can serve niches of people without a bank account in the traditional financial market, (ii) fintechs can reduce costs for clients through increased competition, and (iii) fintechs can offer financial services in remote locations, far from traditional financial institutions. Thus, with the objective of developing a public agenda of financial inclusion through fintechs, the article proposes four lines of public policies: (i) expansion and modernization of mobile and internet infrastructure, (ii) improvement of the population’s financial and digital education, (iii) implementation of a trustworthy environment for the fintech clients, and (iv) development and enforcement of an effective legal and regulatory framework for fintechs. These policies, if implemented, can benefit people excluded from the financial system around the world.
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Lakiza, Victoriia. "Experience of the global fintech market: opportunities and threats for Ukraine." Economic Analysis, no. 33(3) (2023): 276–86. http://dx.doi.org/10.35774/econa2023.03.276.
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Introduction. In recent years, FinTechs have gained significant popularity in the world, as they open new opportunities for consumers to obtain remote access to a number of services in various fields. That is why it is relevant to determine the ways of development of the domestic innovative financial market, ways of establishing a strategic partnership of its stakeholders with key participants of the financial sector. Purpose. The purpose of the article is to study the foreign experience of using FinTech; identifying the advantages and disadvantages of using FinTech; study of the dynamics of the main parameters that characterize the development of FinTech; study of the prerequisites for the transformation of the domestic market in the conditions of the development of the digital economy. Method (methodology). The theoretical and methodological basis for the research was modern concepts, as well as the scientific achievements of domestic and foreign scientists in the field of innovations and the development of innovative digital technologies. The study of the essence of scientific categories, the analysis of statistical and analytical data was carried out using the methods of scientific abstraction, terminological and comparative analysis and synthesis; system-functional and functional-structural methods were used to study the relationships between economic parameters. Results. The article examines the interpretation of the definition "digitalization", summarizes the advantages and disadvantages of digitalization from the point of view of business entities, and identifies categories of digital products. The evaluation of the state of the modern global FinTech market deserves attention, in particular the determination of the dynamics of income of the Top-10 FinTech companies, the dynamics of the distribution of income of the TOP-10 FinTech companies by country of origin, the dynamics of the share of income of the TOP-10 FinTech companies in the total income of the FinTech industry , the dynamics of the distribution of FinTech investments by world region and the dynamics of the number of FinTech deals by world region over the past 5 years. The study of the dynamics of the TOP-10 values of DESI (Digital Economy and Society Index) across the EU member states made it possible to determine progress/regression in their digital development, identify obstacles to the development of FinTech on the European market, and formulate recommendations for their elimination. The conducted research provided us with information for forming conclusions regarding the prospects for the expansion of the FinTech ecosystem in Ukraine, as a potential innovation hub of Europe.
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Kalmykova, Ekaterina, and Anna Ryabova. "FinTech Market Development Perspectives." SHS Web of Conferences 28 (2016): 01051. http://dx.doi.org/10.1051/shsconf/20162801051.
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Mulyk, Tetiana. "FORMATION AND DEVELOPMENT OF FINTECH IN UKRAINE." Economics & Education 7, no. 1 (March 31, 2022): 25–33. http://dx.doi.org/10.30525/2500-946x/2022-1-3.
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The purpose of the paper is to analyze the theoretical situation and current state of the domestic FinTech market, as well as conducting a SWOT analysis of the domestic FinTech market and determining its strengths and weaknesses, opportunities and threats. Methodology. The theoretical and methodological basis of the study are modern theories of market economy. During the study the following methods were used: inductive, deductive, analysis and synthesis, historical and logical, graphic. Results. Scientific approaches to understanding the essence of the term FinTech were assessed. The multifaceted and versatile content of the term "FinTech" caused various differences and peculiarities in the definition of this category in scientific sources. Scientists interpret FinTech as innovative technologies and business models, as technologies, industries, services, etc. However, each of the presented definitions traces their main feature, which is that FinTech really cannot work without digital technology. The origin of the term FinTech, which is a relatively new industry not only in Ukraine but also all over the world, was investigated. It has been established that the term emerged in the economic literature in the early 1990s, when the Internet began to develop. The growing popularity of FinTech began in 2008, when the global financial crisis and its consequences forced financial companies to cut costs. It is established that the development of financial technology in Ukraine is especially noticeable in the last five years. The article analyzes: the complex of factors that led to the rapid development of FinTech, the sources of FinTech companies' financing in Ukraine, the distribution of FinTech companies by field of activity in Ukraine and the number of employees, the markets in which Ukrainian FinTech companies operate, the main reasons that hinder its development in Ukraine. Practical implications. As a result of the research, a SWOT-analysis of the domestic FinTech market was carried out and its strengths, weaknesses, opportunities and threats that can be used by various FinTech industry actors to develop the FinTech market in Ukraine and improve FinTech products were identified.
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Totska, Olesia, and Bohdana Shevchuk. "Fintech market in Ukraine: analysis and forecasting." ЕКОНОМІКА І РЕГІОН Науковий вісник, no. 3(90) (September 15, 2023): 90–96. http://dx.doi.org/10.26906/eir.2023.3(90).3033.
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The purpose of the study is to analyse the indicators of the development of the fintech market in Ukraine and to build a predictive trend model of the number of fintech companies created in 2023. The methods of analysis and extrapolation of trends were used to conduct the study. The factors influencing the active development of financial technologies in Ukraine are listed, as well as the main problems in the development of fintech. Indicators of the dynamics of creation of domestic fintech companies in 2012-2022 are given. The distribution of fintech companies by sector of activity has been analysed. The sources of financing of fintech companies in 2023 were studied. The range of technologies used by Ukrainian fintech companies was studied. Five trend models were created to forecast the number of fintech companies created in Ukraine in 2023.
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S., Selvi, and Nilesh S. "FINTECH AND ITS IMPACT ON VARIOUS SECTORS -AN OVERVIEW." International Journal of Advanced Research 11, no. 11 (November 30, 2023): 478–88. http://dx.doi.org/10.21474/ijar01/17849.
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The global revolution in financial technologies (FinTech) is in full swing. The purpose of the current article is to provide an overview of fintech, and the significance of it, and how it has altered the landscape of conventional financial institutions. With the help of secondary data, the effects of fintech on the banking, insurance, and payment sectors have been discussed. One of the worlds Fintech markets with the quickest growth rates is India. The market for Indian fintech is expected to be worth $50 billion in 2021 and $150 billion by 2025. The total addressable market for the Indian fintech sector is projected to be $ 1.3 trillion by 2025, with assets under management and revenue reaching $ 1 trillion and $ 200 billion, respectively, by 2030.
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Korobeynikova, Ol'ga, Panova Natalya Panova, and Ekaterina Shemet. "Modern Trends in Russian Fintech." Bulletin of Kemerovo State University. Series: Political, Sociological and Economic sciences 2023, no. 2 (August 11, 2023): 170–77. http://dx.doi.org/10.21603/2500-3372-2023-8-2-170-177.
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Commitment of leading Russian and foreign companies to digital business models confirms that fintech is a driver for the digital economy and socio-economic development. Under growing exogenous uncertainties and sanctions to the financial sector, assessing the current trends and prospects in fintech is of particular interest. The article uses statistical and analytical methods to evaluate the empirical data, gathered by the Federal State Statistics Service, the Bank of Russia, and different experts. Until 2022, the fintech market in Russia was the leader in attracting venture capital funding. The authors identified three waves of market shocks in the current development of the Russian fintech market. Fintech companies overcome each subsequent shock much faster than the previous one, which indicates a high inherent adaptability. The article highlights trends in business, fintech, information and communication technologies, typical for the modern Russian economy. Despite the high volatility of the current period, in terms of the fintech solutions development Russia remains competitive. The development of independent technologies and services by the IT and financial markets, preferentially regulated by the Bank of Russia, seems feasible and viable.
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GHARBI, Oumayma, Yousra TRICHILI, and Mouna BOUJELBENE ABBES. "Impact of the COVID-19 pandemic on the relationship between uncertainty factors, investor’s behavioral biases and the stock market reaction of US Fintech companies." Journal of Academic Finance 13, no. 1 (June 30, 2022): 101–22. http://dx.doi.org/10.59051/joaf.v13i1.557.
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Object: This article investigate the impact of the COVID 19 on the relationship between uncertainty factors (Economic Policy Uncertainty, Equity Market Volatility–Infectious Diseases, Financial Stress) and investors’ behavioral biases (overconfidence, herding, mental accounting and loss aversion) with the US Fintech stock market abnormal returns. Methodology: we analyze this relationship by using Johensen’s cointegration test, Granger causality test and Ordinary least square method (OLS), for the period from July 20, 2016 to December 31, 2021. Results: The Empirical results indicated the presence of a long-run equilibrium relationship between all the studied variables, before and during the COVID-19 pandemic period. In fact, the obtained results indicated that the COVID-19 pandemic is a crucial source for resulting abnormal returns in the US Fintech market. Especially, during the COVID-19 pandemic, the Fintech market under-reacted to the common signal of financial stress. Moreover, behavioral biases, especially, overconfidence and herding, have a power positive effect on the abnormal reaction of US Fintech stock market, comparatively to the pre COVID-19 period. Originality: this work could be useful for policy makers and investors in the Fintech markets since it considers the behavioral biases and uncertainty factors on their investment strategies. Keywords: Fintech; COVID-19; uncertainty factors; investors’ behavioral biases, stock market reaction, Ordinary least squares (OLS) method.
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Mukhlisin, Murniati, and Lalu Alpin Farezi. "Accounting for Islamic Fintech: Issues and Treatment (Case Study: Ammana Fintech)." Journal of Islamic Contemporary Accounting and Business 3, no. 1 (March 12, 2025): 49–61. https://doi.org/10.30993/jicab.v3i1.399.
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The main objective of this study to examine accounting treatment in Islamic FinTech company in Indonesia with reference of Islamic Accounting Standards - PSAK Syariah issued by The Indonesian Institute of Accountants. Methodology: This research conducts a case study of Ammana Fintek Syariah as the first Islamic FinTech in Indonesia registered in Indonesian Financial Services Authority. The finding shows that Ammana does not have a clear standard of accounting treatment as a FinTech company. Its reporting standard simply follows company’s discretion, following Practice Theory which has its own diverse motives and intentions to form its identity as Islamic FinTech company. In order to ensure the Islamic FinTech is always in the shariah corridor, thus Islamic accountability notion should be embedded within the company. The paper finds that Ammana Fintek made few adjustments on the existing PSAK Syariah to allow FinTech nature of transactions are accommodated. Reporting various Islamic contracts make the Islamic FinTech distinct from its conventional counterpart in dialectic relationship. Thus, separate guide on Islamic FinTech accounting is required soon or later considering potential Muslim market in Indonesia. Stakeholders of Islamic FinTech rely on digital reporting who demand timely and accurate information for making right decision. Contribution of this study is to expand Practice Theory not only in the social being relationship, human to human, but also structure to structure, in this case between Ammana Fintek and Ikatan Akuntan Indonesia (IAI).
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Bukhtiarova, Alina, Arsen Hayriyan, Nikol Bort, and Andrii Semenog. "Modeling of FinTech market development (on the example of Ukraine)." Innovative Marketing 14, no. 4 (December 17, 2018): 34–45. http://dx.doi.org/10.21511/im.14(4).2018.03.
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FinTech startups and services are one of the most dynamic segments of the modern economy. New financial technologies have already attracted many investors and form millions of budgets. Changing the traditional financial services concept, FinTech companies formed a new niche within the financial services market, the dynamic development of which determines the relevance of the development and implementation of an effective regulatory and oversight system.The purpose of the article is to develop an economic and mathematical model for forecasting the development of the FinTech market on the example of Ukraine. In order to study the development of the FinTech industry, a multiple regression model was presented. The model describes the dependence of the total investment value of FinTech from venture investments in financial technology, venture investments in other technologies and venture investments in online lending. Based on this model, the effect of attracting investments with new FinTech projects on the total volume of investments in the industry was clarified. According to the model, with a change in investments in FinTech by 1%, the total rate of venture investments decreases by 0.03, funds in new projects of other companies grow by 0.05, and venture investments in online lending increase by 0.89. According to the analysis of regulatory legislation in the foreign countries of the FinTech services sphere, it was found that the regulation of most of the risks associated with the development of FinTech services falls within the competence of different supervisory authorities, requiring cross-sectoral cooperation between public institutions.
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Li, Wei. "Applications of Financial Technology in Foreign Exchange Market." E3S Web of Conferences 233 (2021): 01160. http://dx.doi.org/10.1051/e3sconf/202123301160.
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Financial technology (Fintech), including a series of advanced technologies such as big data, artificial intelligence and block-chain, has been gradually applied to various industries after years of development and will become the major driver of the future financial industry. As one of the largest financial markets in the world, the traditional foreign exchange service industry is gradually entering the era of fintech, bringing new vitality to the foreign exchange market through advanced technology and improving the efficiency of foreign exchange management. However, while enjoying the opportunities brought by fintech to the foreign exchange field, practitioners in both fintech and the foreign exchange industry should also actively face the challenges and try to build a safe and efficient foreign exchange market environment.
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Mumthas, S. "Emerging Trends in Indian FinTech Market." ComFin Research 10, no. 4 (October 1, 2022): 1–5. http://dx.doi.org/10.34293/commerce.v10i4.5118.
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FinTech is the abbreviation of financial technology used to describe emerging global digital technology that aims to improve and automate transmission and usage of financial services of PPIs. PPIs are also known as digital wallets and electronic wallets (e-wallets). Prepaid Payment Instruments (PPIs) can be issued by banks and non-banks. A FinTech is a neo banking system which provide digital banking services to the users. FinTech banking system is the product of digitization and globalisation process. The growing rate of connectivity and internet access in India helped the prepaid instruments as the fluid land. The emerging trends in the Indian FinTech market were Neo-Banking, Investment Tech, Insurtech, FinTech SaaS, and Market Consolidation. A neo bank is a type of direct bank that operates exclusively online without traditional physical branch networks.
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Elliehausen, Gregory, and Simona M. Hannon. "FinTech and Banks: Strategic Partnerships That Circumvent State Usury Laws." Finance and Economics Discussion Series, no. 2023-056r1 (October 2023): 1–45. http://dx.doi.org/10.17016/feds.2023.056r1.
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Previous research has found evidence suggesting that financial technology (FinTech) lenders seek out opportunities in markets that have been underserved by mainstream banks. The research focuses primarily on the effect of bank market structure, limited income, and economic hardship in attracting FinTech companies to underserved markets. This paper expands the scope of FinTech research by investigating the role of interest rate regulation of consumer credit and institutional risk segmentation in FinTech lenders’ efforts to solicit new customers in the personal loan market. We find that strategic partnerships between FinTech companies and specialist banks target marginal-risk, near-prime, and low-prime consumers for credit card and other debt consolidation loans. These FinTech-bank partnerships especially target marginal consumers in states with low interest rate ceilings. Mainstream banks largely avoid higher-risk consumers, and low rate ceilings inhibit consumer finance company lending, which historically has been the major source of personal loans for higher risk consumers and may compete with banks at the margin. In partnering with the specialist banks, the FinTech lenders are able to take advantage of federal preemptions from state rate ceilings to lend profitably to higher-risk consumers in states with low rate ceilings to compete in these markets.
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Elliehausen, Gregory, and Simona M. Hannon. "FinTech and Banks: Strategic Partnerships That Circumvent State Usury Laws." Finance and Economics Discussion Series, no. 2023-056 (August 2023): 1–45. http://dx.doi.org/10.17016/feds.2023.056.
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Previous research has found evidence suggesting that financial technology (FinTech) lenders seek out opportunities in markets that have been underserved by mainstream banks. The research focuses primarily on the effect of bank market structure, limited income, and economic hardship in attracting FinTech companies to underserved markets. This paper expands the scope of FinTech research by investigating the role of interest rate regulation of consumer credit and institutional risk segmentation in FinTech lenders’ efforts to solicit new customers in the personal loan market. We find that strategic partnerships between FinTech companies and specialist banks target marginal-risk, near-prime, and low-prime consumers for credit card and other debt consolidation loans. These FinTech-bank partnerships especially target marginal consumers in states with low interest rate ceilings. Mainstream banks largely avoid higher-risk consumers, and low rate ceilings inhibit consumer finance company lending, which historically has been the major source of personal loans for higher risk consumers and may compete with banks at the margin. In partnering with the specialist banks, the FinTech lenders are able to take advantage of federal preemptions from state rate ceilings to lend profitably to higher-risk consumers in states with low rate ceilings to compete in these markets.
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K. Srinivasan and Dr. S. Rajarajeswari. "Financial Technology in Indian Finance Market." International Journal of Engineering and Management Research 11, no. 2 (April 30, 2021): 206–11. http://dx.doi.org/10.31033/ijemr.11.2.29.
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The purpose of this paper is to discuss issues such as fintech drivers, shortcomings of traditional financial services, and the role of technological advancement. The paper also addresses issues concerning fintech investment and disruption. It refers to financial technology challenges such as investment management, customer management, and regulation. The paper examines the evolution of fintech in the global market over time.
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Assarzadeh, Amir H., and Sadegh Aberoumand. "FinTech in Western Asia: Case of Iran." Journal of Industrial Integration and Management 03, no. 03 (September 2018): 1850006. http://dx.doi.org/10.1142/s2424862218500069.
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Financial Technology (FinTech) is a combination of Internet-based technology and the existing financial services. FinTech is an innovation that aims at competing with traditional financial methods in the delivery of financial services. FinTech is an excellent example of Industrial Integration and Innovation. Currently, FinTech is changing the traditional financial services and will have a significant impact on financial operations on a global scale. Iranian Fintech market, as a part of Western Asian Fintech market, can be considered as a growing new market. This research introduces the Iranian FinTech development trend as well as the existing barriers and challenges.
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Anshari, Muhammad, Mohammad Nabil Almunawar, and Masairol Masri. "Financial Technology and Disruptive Innovation in Business." International Journal of Asian Business and Information Management 11, no. 4 (October 2020): 29–43. http://dx.doi.org/10.4018/ijabim.2020100103.
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Financial technology (FinTech) expands financial services to many people that are currently lacking access where customers enjoy using banking products and services provided by non-banking providers. FinTech changes the way people pay, send money, borrow, lend, and invest. FinTech enables financial solutions and innovative business models resulting the fusion of finance and smart mobile technology. The emergence of FinTech-related products causes major disruptions in financial services. Though it is yet far from replacing current financial services, it offers financial products and services by non-financial sectors into automation, user-friendly, efficient, and transparent just like banking and financial sectors. The paper discusses its concept, characteristics, and some case studies of local FinTech in Indonesia. In addition, the study deployed text mining analysis to find out the correlation and patterns of FinTech's characteristics. Then the case analysis highlights a comparative assessment between local FinTech in Indonesia versus global FinTech players within local market-based completion. The findings suggest that local FinTech organizations can be resilient competing with an international FinTech players.
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Федишин, М. П., Р. В. Журко, and О. М. Лобко. "THE ROLE OF FINTECH IN THE FINANCIAL MARKET DEVELOPMENT IN UKRAINE." Actual problems of regional economy development 2, no. 20 (June 15, 2024): 278–91. http://dx.doi.org/10.15330/apred.2.20.278-291.
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У статті розглянуто основні етапи історичного розвитку FinTech-індустрії світових фінансових ринків, а саме: 1-й етап (1866–1967 рр.) – поява телеграфний ліній зв’язку та передачі інформації; 2-й етап (1967–2009 рр.) – введення в масовий обіг основного платіжного засобу – платіжної пластикової карти; 3-й етап (2009 р.–2024 рр.) – поява фінансових та аутсорсингових компаній-надавачів FinTech-послуг. Згідно визначених етапів, згруповані та сформовані поняття FinTech зарубіжних та вітчизняних провідних вчених у галузі цифрових технологій фінансового рику і надано авторське визначення даного поняття. Представлені три ключові моделі впровадження FinTech у світовій економіці, такі як: американо-китайська модель BigTech, європейська модель (Startup-FinTech) та українська модель або Traditional-FinTech. Виділено моделі впровадження FinTech, що виникли після 2020-2022 років та складаються із таких елементів як: провайдери фінансового продукту, «цифрові кілери» FinTech-послуг та цифрові персональні менеджери. Приведені критерії і принципи інноваційності FinTech на фінансовому ринку держави, що включаються в себе так складові: принцип відкритості фінансової послуги, принцип суб’єктності FinTech послуг, принцип технологічності, що формує концепт FinTech-інновацій та принцип фокусності, на основі яких, визначений рівень розвитку глобальних напрямів FinTech в Україні. Визначені основні учасники FinTech фінансового ринку України, представлені зокрема: споживачами фінансових послуг, бізнес-структурами, традиційними учасниками ринку та компаніями-надавачами фінансових послуг. Приведені ряд функцій, що виконує FinTech у сфері фінансового ринку, основні із них це – використання хмарних технологій та доступу до фінансових даних, зниження часу виходу на фінансовий ринок нового продукту і можливість об’єднати дані споживачів і доступних сервісів. Проаналізовано сильні та слабкі сторони українського FinTech-ринку. Вивчені строки та етапи реалізації Стратегії розвитку FinTech в Україні. Досліджено рівень та технології використання FinTech на фінансових ринках провідних світових держав і їх екосистемних фінансово-технологічних кластерів.
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Hau, Harald, Yi Huang, Hongzhe Shan, and Zixia Sheng. "How FinTech Enters China’s Credit Market." AEA Papers and Proceedings 109 (May 1, 2019): 60–64. http://dx.doi.org/10.1257/pandp.20191012.
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How does FinTech credit mitigate local credit supply frictions in China's segmented credit market? In our simple theoretical models, we show that FinTech credit (i) expands the extensive margin of credit to borrowers of lower credit scores and (ii) provides relatively more credit to borrowers with lower credit scores. We confirm both predictions based on comprehensive data from one of China's largest FinTech credit providers.
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Guo, Xiaowen. "The Role of Venture Capital in Fintech Startup Growth: A Comparative Study of China and the U.S. Markets and Cultures." Frontiers in Business, Economics and Management 17, no. 3 (December 24, 2024): 386–92. https://doi.org/10.54097/5f3k1v63.
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This paper examines the role of venture capital (VC) in fostering fintech startup growth, with a particular focus on the cultural and market structure differences between China and the U.S. Fintech startups are transforming traditional financial services through technological innovation. Still, their growth is influenced by the distinct regulatory landscapes, competitive pressures, and cultural contexts in each market. In China, a rapidly growing fintech sector benefits from strong government support, widespread financial inclusion, and the integration of digital platforms into daily life, leading to a dynamic yet highly competitive environment dominated by tech giants like Alibaba and Tencent. By contrast, the U.S. fintech market operates within a mature financial system with established regulatory frameworks and a higher emphasis on compliance, innovation, and long-term sustainability. This study explores how VC strategies differ between these markets, highlighting the hands-on involvement of Chinese VCs and the more strategic, long-term approach of U.S. VCs. Cultural factors, such as collectivism in China and individualism in the U.S., also shape startup strategies, VC investment approaches, and overall market outcomes. By comparing these two countries, the paper offers insights into how venture capital can be leveraged to navigate unique market challenges and promote sustainable growth in fintech startups.
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Kolinets, Lesya, and Andrii Homotiuk. "FINTECH MARKET OF ASIA COUNTRIES." Economic Discourse, no. 3-4 (December 30, 2023): 115–21. http://dx.doi.org/10.36742/2410-0919-2023-2-12.
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Introduction. Modern financial technologies have had a significant impact on the global financial landscape, and Asia has become a key region of this transformation. The study of financial technologies in Asian markets is of utmost importance. Home to some of the fastest growing economies in the world, Asia is witnessing a rapid development of the fintech industry under the influence of global financial trends. The diverse socioeconomic structure of the region, combined with the large number of people without access to banking services, offers unique opportunities to explore the role of fintech in improving financial inclusion, stimulating economic growth, and changing consumer behavior. In addition, the Asian financial technology model provides valuable insights into the use of technology in different regulatory and cultural contexts to transform financial services. Methods. The methodological basis of the scientific research was formed by general and special research methods. The following research methods were used in writing the article: analysis and synthesis, abstract and logical – to summarize information from various sources, create a comprehensive view of the problem under study and formulate conclusions; the method of system analysis, induction and deduction, grouping and comparison – to identify the features of financial technologies in Asian countries; the method of graphic visualization – to display trends and dynamics of fintech. Results. The formation and development of financial technologies in Asian countries is considered. The process of evolution of financial technologies in Asia is revealed, which was extremely fast. This was facilitated by the early introduction and widespread use of mobile technologies in the region. The determinants of fintech growth in Asia are identified: high mobile penetration, high digital skills of the population, and favorable regulatory government policy. The development of fintech in the world is analyzed. It is found that the fintech sector in Asia is still inferior in value to the American and European markets. The main fintech startups in the Asian region are analyzed. Discussion. The research results are substantiated, and the proposals can be used for the development of startups, in particular, the ability to identify and fill gaps in existing financial markets, use technology to improve user experience and adapt to the unique cultural and economic conditions of the respective markets. The author outlines promising vectors for the development of financial technologies in Asia. Keywords: fintech, innovation, financial technologies, digitalization, financial inclusion, Asia, startups, digital platforms, global financial market
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Pulatov, Temurbek. "Concepts of Digital Financial Technologies and Their Legal Nature." International Journal of Law and Policy 3, no. 1 (January 30, 2025): 22–37. https://doi.org/10.59022/ijlp.260.
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Digital financial technologies (FinTech) have revolutionized the financial industry by integrating innovations such as blockchain, artificial intelligence, and decentralized finance into traditional systems. This study explores the conceptual evolution of FinTech and its legal and regulatory implications within global markets. It addresses challenges in defining, classifying, and regulating FinTech while maintaining market integrity and consumer trust. Using an integrative literature review of recent peer-reviewed articles, policy reports, and regulatory frameworks, the study examines themes like legal classifications of digital assets, regulatory strategies, consumer protection, and governance of blockchain platforms. Findings indicate that digital finance has surpassed traditional regulatory systems, leading to legal ambiguities and enforcement issues. Solutions like regulatory sandboxes, tailored crypto-asset regulations, and international standards show promise but must balance innovation with compliance. The study concludes that adaptive regulations, robust consumer safeguards, and global cooperation are critical for FinTech’s sustainable growth and alignment with legal frameworks.
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Moro Visconti, Roberto. "Artificial Intelligence-Driven FinTech Valuation: A Scalable Multilayer Network Approach." FinTech 3, no. 3 (September 23, 2024): 479–95. http://dx.doi.org/10.3390/fintech3030026.
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The integration of Artificial Intelligence (AI) in the FinTech industry has significantly reshaped operational workflows, product innovation, and risk management, all of which are pivotal to company valuation. This study investigates the impact of AI-enhanced multilayer networks on FinTech valuation, introducing a novel, scalable multilayer network model with AI-driven Copula Nodes that serve as connectors across operational layers. By incorporating AI, the research unveils a dynamic and interconnected approach to FinTech valuation, revealing new pathways for value co-creation through real-time adjustments and predictive capabilities. The research reveals that while operational efficiency is a major driver of market value, a balanced integration of AI across risk management, product innovation, and market perception is essential for maximizing value. Additionally, the findings highlight the importance of managing AI-driven risks such as algorithmic bias and regulatory challenges. This comprehensive framework offers critical insights for FinTechs, investors, and regulators seeking to understand the complex role of AI in enhancing valuation within the evolving financial services landscape.
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Bhatnagar, Mukul, Ercan Özen, Sanjay Taneja, Simon Grima, and Ramona Rupeika-Apoga. "The Dynamic Connectedness between Risk and Return in the Fintech Market of India: Evidence Using the GARCH-M Approach." Risks 10, no. 11 (November 3, 2022): 209. http://dx.doi.org/10.3390/risks10110209.
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Fintech allows investors to explore previously unavailable investment opportunities; it provides new return opportunities while also introducing new risks. The aim of this study is to investigate the relationship between risk and return in the fintech industry in the Indian stock market. This article is based on market-based research that focuses on demonstrating the volatility in the fintech market’s prices and demystifying the opportunities. Secondary data were collected from the Bombay Stock Exchange’s official fintech industry website from January 2017 to July 2022 to determine whether there is any dynamic link between risk and return in the Indian fintech market. The variance-based Mean-GARCH (GARCH-M) model was used to determine whether there is a dynamic link between risk and return in the Indian fintech market. The findings emphasize the importance of taking the risk of investing in India’s fintech industry. The implications for stock investors’ and fund managers’ portfolio composition and holding periods of equities or market exposure are significant. Finally, depending on their investment horizons, the Indian fintech industry may yield significant profits for risk-taking individuals.
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AlHares, Aws, Abdulrahman Dahkan, and Tarek Abu-Asi. "The effect of financial technology on the sustainability of banks in the Gulf Cooperation Council countries." Corporate Governance and Organizational Behavior Review 6, no. 4, special issue (2022): 359–73. http://dx.doi.org/10.22495/cgobrv6i4sip16.
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The purpose of this study is to investigate the influence that financial technology (FinTech) companies have on the soundness of bank finances. Using a sample of 480 bank-year observation from an emerging market of the Gulf Cooperation Council (GCC) over the period of 2006–2021, we find that the development of FinTech firms over time increases bank financial stability. The study used the Refinitiv Eikon and Fintch Connect databases to measure variables. When we conduct sub-sample analyses by bank size, bank type, and level of corporate governance, we find additional evidence that supports the hypothesis that FinTech companies have an effect on the financial stability of banks. The findings are consistent with a wide variety of model specifications, indices of financial stability, and applications of FinTech. This study is unique and contributes to the extant literature by offering new evidence on the effect of FinTech on the sustainability of banks in GCC
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Sasikirono, Nugroho, Harlina Meidiaswati, Nur Maulydia Rachman, and Muhammad Madyan. "Financial Literacy, Financial Technology Literacy, and Capital Market Participation." Jurnal Manajemen Teori dan Terapan| Journal of Theory and Applied Management 16, no. 3 (December 22, 2023): 612–25. http://dx.doi.org/10.20473/jmtt.v16i3.49550.
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Objective: This study aims to determine the effect of financial literacy and fintech literacy on capital market participation. It also examines the effects of individual characteristics (i.e., gender, age, student's allowances and income, parent's education, and parent's income) on financial and fintech literacy. Design/Methods/Approach: This study obtained 349 data from email and field surveys using purposive sampling. Data analysis was performed using OLS and path analysis. Findings: Results show that the level of student financial literacy is sufficiently literate, with a moderate level of fintech literacy but low capital market participation. The results also show financial and fintech literacy positively affects capital market participation. Financial literacy also exhibits indirect effects on capital market participation. Analysis of the determinants of literacy shows that gender, age, student allowances, and income have a significant positive effect on financial literacy and fintech literacy. We also find that parental education and income show a negative effect on fintech literacy. Originality/Value: This study is the first to examine the relationship between financial literacy, fintech literacy, and capital market participation in young adults in metropolitan cities in Indonesia. The results are expected to provide insight for the authorities of the monetary system and the capital market to develop strategies for the more intense involvement of young adults in the capital market. Practical/Policy implication: This study highlights the importance of educating students about financial and fintech literacy to increase their participation in the capital market. Decision-makers should focus on providing intense education on portfolio investment, risk and return, and investment instruments. Financial authorities should also collaborate with fintech operators and securities companies to promote capital market products through fintech and educate the public with more comprehensive information.
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Antoni Haber, Józef, Iryna D'yakonova, and Ann Milchakova. "Estimation of fintech market in Ukraine in terms of global development of financial and banking systems." Public and Municipal Finance 7, no. 2 (September 24, 2018): 14–23. http://dx.doi.org/10.21511/pmf.07(2).2018.02.
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This paper examines the fintech concept and fintech market structure. The theoretical and methodological approaches to the adaptation of the Ukrainian banking market to fintech in terms of globalization are investigated. The problems of Ukrainian banking system reforming after the national economy long-term recession are determined. Phases of technology development in the Ukrainian banking system are considered and fintech innovations in Ukraine are discovered.
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Dewi, Mega Arisia. "Dampak Fintech Terhadap Perkembangan Inklusi Keuangan Pada UMKM Di Jawa Timur." Gorontalo Accounting Journal 3, no. 2 (September 18, 2020): 68. http://dx.doi.org/10.32662/gaj.v3i2.973.
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This study aims to determine how much influence fintech (risk and investment management, market provisioning, and cashless society) on financial inclusion (financial knowledge, financial behavior, and financial attitudes) on MSMEs in East Java. Research conducted includes the type of quantitative research. The population of this research is 80 MSME industries in East Java, where the data will be used more focused on archival methods available at BPS East Java. This study uses the dependent variable, Financial Inclusion, which consists of: financial knowledge, financial behavior and financial attitudes with independent variables, namely financial technology (risk and investment management, market provisioning, and cashless society). The conclusion of this study is the fintech variable (risk and investment management and market provisioning) does not affect financial inclusion (financial knowledge) while the fintech variable (cashless society) influences financial inclusion (financial knowledge); The fintech variable (risk and investment management and market provisioning) does not affect financial inclusion (financial behavior) while the fintech variable (cashless society) influences financial inclusion (financial behavior); The fintech variable (risk and investment management and market provisioning) does not affect financial inclusion (financial attitude) while the fintech variable (cashless society) influences financial inclusion (financial attitude). Penelitian ini bertujuan untuk mengetahui seberapa besar pengaruh fintech (risk and investment management, market provisioning, dan cashless society) terhadap inklusi keuangan (pengetahuan keuangan, perilaku keuangan, dan sikap keuangan) pada UMKM di Jawa Timur. Penelitian yang dilakukan termasuk jenis penelitian kuantitatif. Populasi penelitian ini adalah industri UMKM se-Jawa Timur sebanyak 80 UMKM yang mana data akan digunakan lebih berfokus kepada data arsip (archival method) yang tersedia di BPS Jawa Timur. Penelitian ini menggunakan variabel dependen yaitu Inklusi Keuangan, yang terdiri dari: pengetahuan keuangan, perilaku keuangan dan sikap keuangan dengan variabel independennya, yaitu financial technology (risk and investment management, market provisioning, dan cashless society). Kesimpulan dari penelitian ini adalah Variabel fintech (risk and invesment management serta market provisioning) tidak berpengaruh terhadap inklusi keuangan (pengetahuan keuangan) sedangkan Variabel fintech (cashless society) berpengaruh terhadap inklusi keuangan (pengetahuan keuangan); Variabel fintech (risk and invesment management serta market provisioning) tidak berpengaruh terhadap inklusi keuangan (perilaku keuangan) sedangkan Variabel fintech (cashless society) berpengaruh terhadap inklusi keuangan (perilaku keuangan); Variabel fintech (risk and invesment management serta market provisioning) tidak berpengaruh terhadap inklusi keuangan (sikap keuangan) sedangkan Variabel fintech (cashless society) berpengaruh terhadap inklusi keuangan (sikap keuangan).
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Ali, Salma, Heba Ali, and Amira Tarek. "FinTech Firms Dividend Payout Policy: Evidence from Covid-19." European Journal of Studies in Management and Business 31 (October 2024): 31–47. http://dx.doi.org/10.32038/mbrq.2024.31.03.
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The breakthrough of the Covid-19 pandemic has not only caused significant disruption across numerous industries globally but also marked a surge in digital transformation within the financial sector through the adoption of FinTech. The pandemic was exceptional for the FinTech sector as it developed and accelerated the adoption of FinTech firms. This study examines the impact of Covid-19 on FinTech firms’ dividend policy by applying logistic regression models. The sample includes 171 FinTech firms listed in The STOXX Global FinTech Index from 2014 to 2021. The findings reveal that FinTech firms tend to increase or maintain their dividend payments rather than omit them during Covid-19 to convey positive signals to the market.
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Osagie., Osarosee, Ekhator, and Laoye, Adedipupo David. "Technopreneurship and Enabling Growth of Fintech Start-Ups in Nigeria." International Journal of Research and Innovation in Social Science IX, no. XIV (March 2, 2025): 201–15. https://doi.org/10.47772/ijriss.2025.914mg0016.
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This study examines how technopreneurship enables the growth of FinTech start-ups in Nigeria. This research’s specific objectives are to: Examine the relationship between technological innovation and market opportunities identification of FinTech start-ups in Nigeria. Ascertain the relationship between technological innovation and market penetration of FinTech start-ups in Nigeria. Examine the relationship between business acumen and market opportunities identification of FinTech start-ups in Nigeria. Ascertain the relationship between business acumen and market penetration of FinTech start-ups in Nigeria. The study population comprised 160 managers and non-managerial personnel from 7 Nigeria FinTech start-ups. A sample size of 113 was determined using Krejcie and Morgan sample technique. Cross-sectional design was adopted for this study. Google online questionnaire form was used to collect data from the study sample and Cronbach Alpha reliability test with 0.7 and above results was used to test the reliability of the instrument. The formulated hypotheses were tested using multiple regression statistics. The result from the hypotheses revealed that technopreneurship is significantly associated with enabling the growth of FinTech start-ups in Nigeria. From these results, the study concluded that technological innovation is essential for developing novel financial technologies with distinctive capabilities to identify and penetrate new markets and service customers not adequately serviced or not serviced by traditional financial institutions. The study also concludes that technopreneurship variables (technological innovation and business acumen) have ensured sustainable growth of FinTech startups in Nigeria. The study recommended that technopreneurs should not only equip themselves with technical skills but also entrepreneurial acumen to enable them to effectively navigate the processes involved in becoming successful technopreneurs.
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Kiran, V. Usha, and Nida Suleman. "ANALYSIS OF TRENDS AND SEGMENTS OF FINTECH IN INDIA." INTERNATIONAL JOURNAL OF ADVANCED RESEARCH IN COMMERCE, MANAGEMENT & SOCIAL SCIENCE 07, no. 03(I) (September 4, 2024): 59–72. http://dx.doi.org/10.62823/7.3(i).6752.
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The Financial Services industry has undergone significant disruption from FinTech over the past decade, driven by advancements in automation, data science, AI/ML, smartphones, and telecommunications. FinTechs are reshaping the sector by usurping traditional business models and collaborating with established institutions to expand market reach. In India, FinTech encompasses diverse segments, including PayTech, LendTech, InsurTech, WealthTech, and RegTech, each leveraging technology to enhance services such as payments, lending, insurance, wealth management, and regulatory compliance. The rapid growth and innovation in these areas reflect the industry's shift towards digital-native solutions and collaborative advancements.
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Knewtson, Heather S., and Zachary A. Rosenbaum. "Toward understanding FinTech and its industry." Managerial Finance 46, no. 8 (April 10, 2020): 1043–60. http://dx.doi.org/10.1108/mf-01-2020-0024.
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PurposeThe purpose of this study is to define FinTech, differentiating it from financial technology and use the definition to develop an industry framework.Design/methodology/approachUsing the existing literature on FinTech and incorporating these contributions into a traditional financial structure, characteristics are outlined and placed into a framework that describes the FinTech industry.FindingsFinTech is a specific type of Financial Technology, defined as technology used to provide financial markets a financial product or financial service, characterized by sophisticated technology relative to existing technology in that market. Firms that primarily use FinTech are classified as FinTech firms. Using these definitions, the paper provides a structure for the FinTech industry, classifying each type of FinTech firm by FinTech characteristics.Research limitations/implicationsResearch that would inform the economic importance of FinTech would be served with an increased understanding of FinTech firms and the FinTech industry.Originality/valueThis paper contributes by defining FinTech and developing a comprehensive framework to describe the emerging FinTech industry.
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Reshma, Md, B. Jahnavi, A. Cherishma, and Taresa Hope. "The Impact of Fintech Innovations on Stock Market Efficiency." International Journal of Advanced Multidisciplinary Research and Studies 4, no. 6 (November 11, 2024): 168–71. http://dx.doi.org/10.62225/2583049x.2024.4.6.3410.
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The purpose of this paper is to analyze the influence of FinTech innovations on stock market efficiency, and to advance the argument about how emergent financial technologies evolve the old investment, trading and risk management. Algorithmic exchange, blockchain, robo advisors, high frequency trading and similar FinTech developments have changed the way. Markets run for the better by increasing liquidity, lowering costs of transactions and improving price discovery. The research investigates the impact of these technologies on the efficiency of the stock markets by establishing how they enhance market transparency, minimize information asymmetry and enable trades to be executed more quickly. In addition to this, it also points to possible risks like market instability and regulation issues which are associated with the rapid growth of these technologies. It could be concluded that FinTech innovations are to a considerable extent expected to improve the efficiency of intermediation although due regard needs to be paid to the risks and regulation parameters.
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Semynoh, A., A. Bukhtiarova, and N. Bort. "COMPARATIVE ANALYSIS OF FINANCIAL TECHNOLOGY REGULATION SYSTEMS: FOREIGN AND DOMESTIC EXPERIENCE." Vìsnik Sumsʹkogo deržavnogo unìversitetu, no. 4 (2019): 7–13. http://dx.doi.org/10.21272/1817-9215.2019.4-1.
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In the article, based on the analysis of scientific sources, a comparative analysis of financial market regulation systems in different countries of the world is made. The level of development of regulatory systems in the UK, France, USA, India and Ukraine is characterized. The main institutions that regulate and supervise in the countries of the world are listed. The basic principles of their functioning are presented. It also analyzes the regulatory and provisions governing the activities of fintech companies. It is determined that a particular problem for the development of the financial technology market is the lack of a single regulatory approach to different types of Fintech companies and solutions. This is evidenced by the lack of unified regulatory bodies in the field of fintech, as well as adequate regulatory support both in Ukraine and in foreign countries. At the moment, in most countries of the world, fintech companies are subject to the laws that were adopted in the times of existence of only classical financial institutions, and therefore do not take into account the specifics of individual fintech businesses, and their peculiarities of cooperation with banking and non-banking financial institutions, with intermediaries of the securities market. It is determined that, in accordance with the potential of the financial technology market development and the benefits of its growth, programs for the support and development of the financial market through the introduction of special commissions, accelerator funds and simplified regulation systems in the form of sandbox fintech are being implemented in all analyzed countries. It is determined that the driver of the growth of fintech solutions in the financial services market was the active dissemination of open APIs in the activities of financial institutions, which provide for voluntary exchange of information about bank customers with fintech companies. It is substantiated that an important component of increasing confidence in the financial technology market is ensuring the storage and protection of personal data of fintech companies’ clients. Keywords: financial technology market, fintech, financial services, financial institutions, financial technology market regulation system.
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TATARYNTSEVA, YULIIA, OLEKSANDR PUSHKAR, TETIANA NAZAROVA, and SVITLANA OSYPOVA. "INNOVATIVE PRODUCTS OF THE FINANCIAL MARKET IN THE CONDITIONS OF THE DIGITAL ECONOMY." REVIEW OF TRANSPORT ECONOMICS AND MANAGEMENT, no. 8(24) (June 12, 2023): 103–8. http://dx.doi.org/10.15802/rtem2022/277614.
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Abstract. The purpose of the article is to generalize modern innovative products of the financial market and justify the feasibility of their implementation in the conditions of the digital economy. The method of synthesis, analysis, structural method and the method of abstract-logical generalization are used to solve the researched scientific problem. Research results. The work summarizes the innovative fintech products of the Ukrainian market. The expediency of their implementation in the conditions of the digital economy is substantiated. It was revealed that in the fintech market of Ukraine, the majority of companies are at the stage of starting sales or business scaling, and only one in five is mature; there is a lack of accelerators to help early-stage companies grow. The main advantages of using fintech in modern conditions of development of the economy of Ukraine have been proven. Fintech companies are uniquely positioned to help digitize supply chains, enable mobile money agents and connect buyers through marketplaces to settle with companies; help bring financial services to digital platforms and offer portable benefits to better empower this growing segment of workers/suppliers as e-commerce and digital platforms rapidly transform our economy. Scientific novelty. The authors proved that in modern economic conditions, the development of the market of innovative financial technologies undergoes evolution and rapid development. Companies developing in this field must take into account various aspects of such evolution, including transition to digitalization of all areas of business. The article substantiates the advantages of fintech implementation for practical implementation by enterprises. Practical significance of the research. The development of the fintech market is an actual global trend. Financial technologies (FinTech) are key to the global growth of Ukraine's finances, and the digital economy is a new driving force for sustainable development and high-quality economic growth. Therefore, companies' understanding of the advantages of using modern innovative technologies in the financial sphere accelerates their development in this direction. The development of fintech products allows companies to increase their competitiveness and investment attractiveness in domestic and foreign markets.
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Varma, Parminder, and Shivinder Nijjer. "Examining the Role of Fintech in the Future of Retail Banking." ECS Transactions 107, no. 1 (April 24, 2022): 9855–72. http://dx.doi.org/10.1149/10701.9855ecst.
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This manuscript aims to examine how Financial Technologies (FinTech) influence the efficiency and market power of banks in India. This assessment is made based on a quantitative analysis of private and public banks from 2011 to 2019. The research uses the Data Envelopment Analysis (DEA) and panel regressions with pooled Ordinary Least Squares, Fixed Effects, and Random Effects. FinTech is represented by the volume of mobile banking transactions. The results show that FinTech has a significant negative relationship with market power proxied by the concentration of banks. FinTech also has a significant negative effect on technical efficiency. Market power and efficiency of banks are found to share a positive association. The research is limited by the narrow representation of FinTech and inferring about the market power based on the industry structure alone. Future studies are recommended to use alternative proxies and consider more disruptive and sustaining innovations to represent FinTech.
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Sviridov, Oleg, and Inna Nekrasova. "Development Trends of the Fintech Ecosystem in Russian Economy." Vestnik Volgogradskogo gosudarstvennogo universiteta. Ekonomika, no. 4 (February 2020): 197–206. http://dx.doi.org/10.15688/ek.jvolsu.2019.4.19.
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In modern conditions of Russian economy, to create an innovative product (or service) that meets the requirements of users it is necessary to combine resources and competencies of several companies. Issues related to the network integration of companies based on the creation of ecosystems are quite controversial. In modern scientific literature there is no consensus on the definitions of an ecosystem and the ecosystem of the financial technology market (fintech market). This substantiates the relevance of the study. In the context of the dynamic development of financial technologies in Russia, new forms of organizing the interaction of enterprises for the integration of innovative ideas, the development and creation of innovative goods and services are of particular importance. The goal of this article is to determine the essence, features and prospects of developing the fintech ecosystem of Russia. The article provides an overview of the main works devoted to substantiating the concept of an ecosystem, analyzes the features and advantages of this form of organizing the financial technology market. The authors clarify the definition “financial technology market ecosystem”, develop the classification of fintech ecosystems, and formulate the main directions of state regulation of the fintech market ecosystem. The article presents an analysis of priority initiatives aimed at the development of the Russian fintech ecosystem of the global and Russian markets of innovative financial technologies and services determined from the results of the study.
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Renaldo, Nicholas, Achmad Tavip Junaedi, Sulaiman Musa, Nabila Wahid, and Cecilia Cecilia. "Mapping the Financial Technology Industry in Indonesia." Journal of Applied Business and Technology 5, no. 1 (March 1, 2024): 61–66. http://dx.doi.org/10.35145/jabt.v5i1.162.
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This study aims to deepen the fintech landscape in Indonesia with focus on types of fintech, companies popular, and the role of fintech market aggregators. With internet penetration reached 67%, Indonesia became lush backdrop for fintech innovation, supported by regulation and proactive government to support the growth sector This. Methodology study combine study literature, studies cases, interviews with holder interests, research field, analysis statistics, SWOT analysis, surveys users, and analysis continuity. The literature review provides a base for understanding global fintech trends, interim studies case detail development leading fintech companies like My Capital, Friends Money, and Kredivo. Research result covers identification four main types of fintech in Indonesia: P2P Lending and Crowdfunding, Management Risk Investment, Payment-Clearing-Settlement, and Market Aggregator. Fintech market aggregators such as Cekaja.com, Cermati.com, and DuitPintar.com play role important in give information and comparison product finance to consumer. With results study This is expected can give understanding deep about the evolution of fintech in Indonesia, as well give base for policy public, developers business, and internal investors optimizing growth and inclusion finance in the digital era.
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Ventura da Paixão e Silva, Rozana, Elias Pereira Lopes Júnior, Samuel Façanha Câmara, and Paulo Torres Júnior. "Dynamics of Competition versus Collaboration between Fintechs and Traditional Providers of Financial Services in Brazil." Journal of Innovation Management 12, no. 3 (December 23, 2024): 1–23. https://doi.org/10.24840/2183-0606_012.003_0001.
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The research sought to understand the phenomenon of competition versus collaboration between Fintechs and traditional financial service providers. It was a qualitative study with an exploratory and descriptive approach, using data triangulation and their organization in Display, which allowed checking patterns and causality relationships among the variables. As results, we observed that traditional financial providers adopt collaboration with Fintechs for competition in the financial market as their main strategy. As market dynamics, they launch their own subsidiaries; create risk funds to finance Fintech services; purchase and sell products and services for Fintechs; and create partnerships with these companies. We found that collaboration has been the best way for providers of traditional financial services to compete with companies in the financial market.
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Lena Aulia, Yayat Rahmat Hidayat, and Irma Yulita Silviany. "Pengaruh Perkembangan Fintech Syariah terhadap Pangsa Pasar Bank Syariah di Indonesia." Bandung Conference Series: Syariah Banking 3, no. 2 (August 13, 2024): 72–79. http://dx.doi.org/10.29313/bcssb.v3i2.14337.
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Abstract. The rapid development of Islamic fintech in Indonesia since 2016 has created new dynamics in the Islamic financial industry. This study aims to analyze the impact of Islamic fintech development on the market share of Islamic banks in Indonesia, focusing on the number and assets of Islamic fintech as independent variables. Using a quantitative method with a descriptive analytical approach, this research applies multiple regression techniques and classical assumption tests. Data analysis was performed using EViews 12. The results show that the number of Islamic fintech companies does not significantly affect the market share of Islamic banks (Prob. 0.1901 > 0.05), while Islamic fintech assets have a positive and significant impact (Prob. 0.0000 < 0.05). Simultaneously, both independent variables influence the market share (Prob. F-statistic 0.000002). The final regression model becomes Y = 5.867059 + 0.004096 X, where X represents Islamic fintech assets. The t-test for variable X (Islamic fintech assets) yields a t-Statistic of 6.94151 with a probability of 0.0000 < 0.05, indicating that Islamic fintech assets significantly influence the market share of Islamic banks at a 5% significance level. The F-test has a Prob (F-statistic) value of 0.000001 < 0.05, demonstrating that the overall regression model is significant at the 5% level, meaning the independent variable (Islamic fintech assets) significantly affects the dependent variable (Islamic bank market share). The coefficient of determination explains 68.66% of the variation in Islamic bank market share. In conclusion, the development of Islamic fintech assets has a positive and significant impact on the market share of Islamic banks in Indonesia, while the number of Islamic fintech companies shows no significant influence. Abstrak. Perkembangan pesat fintech syariah di Indonesia sejak 2016 telah menciptakan dinamika baru dalam industri keuangan syariah. Penelitian ini bertujuan menganalisis pengaruh perkembangan fintech syariah terhadap pangsa pasar bank syariah di Indonesia, dengan fokus pada jumlah dan aset fintech syariah sebagai variabel independen. Menggunakan metode kuantitatif dengan pendekatan deskriptif analisis, penelitian ini menerapkan teknik regresi berganda dan uji asumsi klasik. Analisis data dilakukan menggunakan EViews 12. Hasil penelitian menunjukkan bahwa jumlah fintech syariah tidak berpengaruh signifikan terhadap pangsa pasar bank syariah (Prob. 0,1901 > 0,05), sedangkan aset fintech syariah berpengaruh positif dan signifikan (Prob. 0,0000 < 0,05). Secara simultan, kedua variabel independen berpengaruh terhadap pangsa pasar (Prob. F-statistik 0,000002). Model akhir regresi menjadi Y = 5.867059 + 0.004096 X sebagai aset fintech syariah, Uji t variabel X (aset fintech syariah): t-Statistik = 6.94151 karena nilai probabilitas 0.0000 < 0.05, maka kita dapat menyimpulkan bahwa variabel X (aset fintech syariah) berpengaruh signifikan terhadap Y (Pangsa pasar Bank Syariah) pada tingkat 5%. uji F memiliki nilai Prob (F-statistik) = 0.000001, karena nilai Prob (F-statistik) 0.000001 < 0.05 maka model regresi secara keseluruhan signifikan pada tingkat signifikan 5% ini berarti variabel independen (aset fintech syariah) secara bersama-sama berpengaruh signifikan terhadap variabel dependen (pangsa pasar bank syariah). koefisien determinasi menjelaskan 68,66% variasi pangsa pasar bank syariah dapat di jelaskan oleh aset fintech syariah. Kesimpulannya, perkembangan aset fintech syariah memiliki dampak positif dan signifikan terhadap pangsa pasar bank syariah di Indonesia, sementara jumlah fintech syariah tidak menunjukkan pengaruh yang signifikan.
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Tu, Zekai, Runze Yang, and Cunyi Yang. "Dynamics between FinTech and financial market: Supply-driven or Demand-guided?" Quantitative Finance and Economics 8, no. 4 (2024): 658–77. http://dx.doi.org/10.3934/qfe.2024025.
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<p>This paper examined the dynamic relationship between FinTech development and financial development using the time-varying parameter structural vector autoregression (TVP-SV-VAR) model to analyze their impulse response relationship. The results showed that the impact of FinTech development on financial development varies across different periods. In China, before the first half of 2021, financial development mainly drove FinTech development through demand. Afterward, FinTech development promoted financial development by providing new technological tools and services. In the United States, FinTech innovation and application mainly influenced financial development through supply-driven mechanisms. After the second half of 2022, as FinTech infrastructure improved, its positive impact on the financial market strengthened. The study also found that the effects of policy changes and market fluctuations on impulse responses at specific time points differed even in countries with different systems. The findings of this paper provide valuable insights for policymakers to address the challenges and opportunities brought on by FinTech.</p>