Financial Development and Economic Growth in the Southern African Development Community (SADC): The Role of Institutional Quality

Mbuyi, Allegra Kabamba; Mulumba, Evariste Mabi

doi:10.4236/jfrm.2022.112015

JFRM

2022

DOI: 10.4236/jfrm.2022.112015

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Financial Development and Economic Growth in the Southern African Development Community (SADC): The Role of Institutional Quality

Allegra Kabamba Mbuyi¹,

Evariste Mabi Mulumba²

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2024

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FinTech and financial development: the role of traditional financial institutions

Emuron,

van der Nest,

Coffie

2024

AJEMS

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PurposeThis paper employs data from the World Bank to examine the effect of traditional banks on FinTech and financial development in the Southern African Development Community (SADC) region.Design/methodology/approachThe study employs the Generalized Method of Moments (GMM) as the primary data analysis method.FindingsThe findings of the study demonstrate a bi-directional relationship between traditional financial institutions and FinTech. Traditional financial institutions are observed to facilitate the adoption of FinTech solutions, whilst the disruptive effects of FinTech incentivize traditional banks to adapt to the changing financial landscape and tailor their service and product offerings to reflect recent technological advancements. Consequently, there exists a positive relationship between traditional financial institutions and financial development in the SADC region.Practical implicationsOur findings suggest the need for market liberalization and enhanced institutional quality controls for policymakers. Traditional banks must adapt their business models and incorporate FinTech solutions to remain competitive and relevant. Collaborative partnerships between traditional banks and FinTech firms have emerged as a practical approach to leverage the strengths of both sectors.Originality/valueThis is one of the first studies to examine the role of traditional financial institutions in FinTech and financial development using GMM in the SADC region.

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FinTech and financial development: the role of traditional financial institutions

Emuron,

van der Nest,

Coffie

2024

AJEMS

View full text Add to dashboard Cite

show abstract

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Financial Development and Economic Growth in the Southern African Development Community (SADC): The Role of Institutional Quality

Cited by 1 publication

References 29 publications

FinTech and financial development: the role of traditional financial institutions

FinTech and financial development: the role of traditional financial institutions

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