Financial Inclusion Through FinTech – A Case of Lost Focus

Mehrotra, Anupam

doi:10.1109/icactm.2019.8776857

Cited by 24 publications

(14 citation statements)

References 1 publication

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“…On this basis, the level of data security and infrastructure must be continuously developed [41,43,102,117]. Currently, fintech is also required to collaborate with traditional financial institutions such as banks [31,35]. This addresses the problem that fintech is a disruptive technology [38].…”

Section: Discussionmentioning

confidence: 99%

“…In addition, fintech is considered to modulate financial technology because it can provide added value to financial services [21]. Due to the evolution of technology and its application in the design and delivery of financial products, the monitoring, management, and control of financial services must pursue compliance and reporting for implementation in achieving effective objectives in the financial sector [31]. A large amount of research addresses the adoption of fintech in terms of technology and user perceptions [19][20][21][22][23][24][25][26].…”

Section: Research On Fintech (In General)mentioning

confidence: 99%

“…Cont. Banks need to consider fintech and strategic partnerships[31,35,37,49,51,66] 36. Incubator model[108] 37.…”

mentioning

confidence: 99%

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Challenges and Trends of Financial Technology (Fintech): A Systematic Literature Review

2020

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Digital transformation creates challenges in all industries and business sectors. The development of digital transformation has also clearly triggered the emergence of fintech (financial technology) initiatives, which are recognized as some of the most important innovations in the financial industry. These initiatives are developing rapidly, driven in part by the sharing economy, regulations, and information technology. However, research in the field of fintech remains in its infancy. Fintech offers several services, such as funding, payment (including electronic wallets), e-aggregators, e-trading, and e-insurance, and cryptocurrencies such as Bitcoin. This provides an opportunity to more closely examine fintech’s research challenges and trends. This study aims to (1) determine the state of the art of financial technology research; (2) identify gaps in the financial technology research field; and (3) identify challenges and trends for future research potential. The novel proposal in this study includes theoretical contributions regarding financial technology. Using the systematic literature review approach of Kitchenham, in addition to thematic analysis, meta-analysis and observation to validate the quality of literature and analysis, the results of this study provide a theoretical basis fintech research from an information systems perspective, including the formulation of fintech technology concepts and their development.

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Section: Discussionmentioning

confidence: 99%

Section: Research On Fintech (In General)mentioning

confidence: 99%

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Challenges and Trends of Financial Technology (Fintech): A Systematic Literature Review

2020

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“…Furthermore, fintech can increase the value of financial services because it modulates financial technology (Nomakuchi, 2018). Monitoring, analyzing, and controlling financial services must pursue reporting and compliance in order to achieve successful goals in the financial industry as a result of technology's evolution and application in the design and delivery of financial products (Mehrotra, 2019). Many studies examined FinTech adoption from the perspective of both consumer perception and technology (Mathur et al, 2018;Fernando & Touriano, 2018;Nomakuchi, 2018;Ryu, 2018;Iman, 2018;Stewart & Jurjens, 2018;Huei et al, 2018;Hu et al, 2019).…”

Section: Research On Fintechmentioning

confidence: 99%

Blockchain and Cryptocurrency Innovation for a Sustainable Financial System

ARNONE

2022

IJIM

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FinTech ecosystem and business model development are extensively discussed in the literature. The adoption of innovative technologies and digital transformation has impacted the approach to carrying on the businesses and channels that offer financial highly reliable and instinctive services and products. This study primarily deals with the identification of data sets. Also, a systematic review protocol was created using the PRISMA method to describe the hypothesis and rational and planned techniques of the study. Blockchain technology has been employed in an assortment of sectors and used by several nations for improving ecological supportability. In fact, blockchain technology has been effective to increase green production, tracking and preserving environmental degradation and pollution-related data, and collecting and analyzing the low carbon or green data in real time for more timely decisions. There is a scarcity of literature on studying the impact of blockchain and cryptocurrency on adopting FinTech and its sustainability. Therefore, the aim of this study is to add to this body of literature an investigation on the impact of Blockchain and Cryptocurrency adoption on FinTech for the environment-friendly nature.

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“…So, in a way, FinTech expects to add to the more extensive objective of financial inclusion (Popescu, 2019). Mehrotra (2019) FinTech is helping women, the poor, farmers, and youngsters to avail of financial services riding on the technology of smartphones, network coverage, mobile-based banking, and financial solutions and thus bringing them under the ambit of financial inclusion. Nair et al (2021) the FinTech Revolution creates new avenues for financial inclusion.…”

Section: Introductionmentioning

confidence: 99%

Impact of Covid-19 Pandemic on Fintech and Financial Inclusion in India

2022

IJFB

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The study seeks to investigate how the pandemic of Covid-19 has impacted customer engagement in using Fintech services and resultantly the status of financial inclusion in India. This study is empirical and analytical in nature. Digital payment is taken as a proxy of FinTech. The data is collected from primary and secondary sources. To understand what persuades a customer to use FinTech services, the response to a survey questionnaire has been obtained from 310 respondents through e-mail and hand collection. Factor analysis is used to investigate the factors that impacted customer engagement in digital payment, before and after the Covid-19 pandemic. The factors used in this model are access, usage, technology, and financial literacy. Results show that there is a significant positive relationship between all the factors and the use of FinTech services. There is a significant positive relationship between FinTech and financial inclusion, as already established by the previous studies. The findings of this review are pivotal as they can serve as useful input for the ongoing debate directed towards increased use of FinTech in achieving greater financial inclusion. The findings suggest that by advancing the technology and increasing financial literacy, access, and use of FinTech services can be increased which in turn will increase financial inclusion in developing countries.

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Financial Inclusion Through FinTech – A Case of Lost Focus

Cited by 24 publications

References 1 publication

Challenges and Trends of Financial Technology (Fintech): A Systematic Literature Review

Challenges and Trends of Financial Technology (Fintech): A Systematic Literature Review

Blockchain and Cryptocurrency Innovation for a Sustainable Financial System

Impact of Covid-19 Pandemic on Fintech and Financial Inclusion in India

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