Financial Technologies for Accepting Transactions Using Block Chain Technology and Crypto Currency in Digital Marketing

Shahbandi, Mohammadali

doi:10.22158/ibes.v3n4p23

Cited by 4 publications

(4 citation statements)

References 6 publications

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“…The UAE financial sector is under pressure to modernize and collaborate with emerging FinTech companies [5]. This digital transformation is crucial for staying competitive and adapting to the changing landscape.…”

Section: Problem Statementmentioning

confidence: 99%

“…Another example where FinTech has developed an explosion is the investment and savings advantage of financial banking. With the development of FinTech, investment barriers were broken, and companies such as Stash, Robinhood and Acrons played a role in this regard [17]. While these applications are different in approach and each uses a combination of automated small-dollar investing and a savings method such as introducing consumers to markets and instant deposits on purchases.…”

Section: Fintech Examplesmentioning

confidence: 99%

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How effective is the banking and financial services sector in the United Arab Emirates in using technological innovations

Jumaa

2023

jour

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The paper’s goal is to determine the current state and trends of Fintech development in the United Arab Emirates’ (UAE) financial sector, customer satisfaction with financial technology implementation in the banking sector, and the impact of financial technologies on the efficiency and competitiveness of financial and banking institutions. Qualitative research conducted through a structured questionnaire is designed to collect data from 500 banking service clients in the UAE. The data was collected through email communication and WhatsApp using Google forms. The data was evaluated using the Likert scale of five-point: 1 = strongly disagree to 5 = strongly agree. According to the survey results, the majority of respondents are familiar with FinTech services. The most demanded FinTech service was an app for financial management. Furthermore, the majority of respondents stated that the services they supplied were innovative to them, and the same percentage stated that they were pleased with the services given by their banks. Hence, better service associated with FinTech is seen as a major incentive for them to leave their current bank to the digital one. In addition, when selecting a bank, reliability is the most important criterion, with ease of use of its services ranking in second.

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Section: Problem Statementmentioning

confidence: 99%

Section: Fintech Examplesmentioning

confidence: 99%

How effective is the banking and financial services sector in the United Arab Emirates in using technological innovations

Jumaa

2023

jour

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“…Despite the myriad benefits, challenges such as regulatory hurdles, scalability issues, and market acceptance have surfaced. To navigate these challenges, FinTech start-ups are continually evolving, engaging with regulatory bodies, optimizing technological infrastructures, and fostering partnerships to enhance market penetration (Shahbandi, 2021;Gimpel et al, 2017;Saksonova & Kuzmina-Merlino, 2017;Gozman et al, 2018;Haddad & Hornuf, 2021;Brandl & Hornuf, 2020).…”

Section: Challenges and Solutionsmentioning

confidence: 99%

Technology and Innovation to Growth of Entrepreneurship and Financial Boost: A Decade in Review (2013-2023)

Chibuike Daraojimba,

Kehinde Mobolaji Abioye,

Adebowale Daniel Bakare

et al. 2023

Int. j. manag. entrep. res

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The study, "Technology and Innovation to Growth of Entrepreneurship and Financial Boost: A Decade in Review (2013-2023)," critically explores the intersectionality of technology, innovation, and entrepreneurship, delineating their collective impact on financial growth and economic enrichment over the past decade. Through an exhaustive examination of empirical data, literature reviews, and holistic case studies, this paper presents a nuanced analysis of the transformation and evolution of the entrepreneurial landscape within the context of the burgeoning advancements in technology and innovation management strategies. The investigative journey commences with an insightful delineation of the objectives and research questions aimed at understanding the multifaceted dynamics between technological proliferation, innovative applications, and entrepreneurial growth. Subsequently, a meticulous review of literature unveils the underpinning theoretical frameworks and foundational concepts, elucidating the symbiotic relationship between technology and entrepreneurship. Concepts such as the diffusion of innovations, disruptive technologies, and stakeholder theory are explored to comprehend the profound impacts on entrepreneurial ventures and their concomitant challenges and opportunities. The study further delves into the empirical exploration of the evolution of the entrepreneurial landscape from 2013 to 2023, offering a granular perspective on the diverse technological trends, market fluctuations, and innovative breakthroughs that have characterized this period. The challenges and risks associated with technology and innovation in entrepreneurial settings are highlighted, including discussions on market competition, technological obsolescence, intellectual property conflicts, and ethical considerations, providing a balanced viewpoint on the manifold aspects of entrepreneurial progression. Diverse real-world case studies of companies such as Tesla Inc., Beyond Meat, Square Inc., and Zoom Video Communications offer tangible manifestations of the intricate interplay between technology, innovation, and entrepreneurship. These cases exemplify the varied approaches and adaptive strategies employed by enterprises to navigate challenges, leverage opportunities, and effectuate significant market transformations and societal impacts. These serves as exemplary models of resilience, adaptability, and visionary leadership in the face of uncertainties and market dynamics. In conclusion, the study synthesizes the gleaned insights to project future directions in entrepreneurship, emphasizing the imperatives of sustainability, inclusivity, and ethical conduct. The study posits that the future of entrepreneurship will be marked by enhanced emphasis on social impact, environmental considerations, and the integration of emerging technologies. The recommendations outlined in the study advocate for strengthened ecosystem support, fostering of collaboration, and promotion of responsible and ethical business practices to cultivate a conducive and equitable entrepreneurial environment. This comprehensive exploration contributes significant insights to the academic discourse on technology, innovation, and entrepreneurship, offering valuable implications for practitioners, policymakers, and academia, thereby enriching the understanding of the dynamic interdependencies between these pivotal domains. Keywords: Entrepreneurship, Technology, Innovation, Financial, Economic Growth, Transformation.

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“…e highly digitized and networked securities trading information system reduces the production cost and intermediary links for securities companies, thus reducing the probability of errors in transactions [2,3]. e application scope of digital bonds is more extensive.…”

Section: Introductionmentioning

confidence: 99%

Research on Architecture of Digital Bond Trading Contract System Based on Blockchain Technology

2022

Mobile Information Systems

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The traditional identification method of the digital bond trading contract system is single chain identification. Due to a large number of digital bond trading users, single chain identification will affect the performance of the system in the trading process. Therefore, we aim to propose a digital bond trading contract system based on blockchain technology and study the system architecture. In this paper, the architecture of the bond trading system is optimized by using the technology of blockchain, and the software architecture is developed by using the technology of blockchain. Through the performance test of the system, the advantages of the system architecture in practical application are verified. Firstly, the overall hardware architecture of the system is designed, and the internal structure of the controller in the control layer is redeployed. Combining the Mork tree and Patricia tree, the data structure based on blockchain and the block header data structure of the transaction contract system are optimized. By analyzing the operation process of the smart contract, the process of the smart contract consensus algorithm is optimized. The system performance test results show that the performance of the designed system in system transaction throughput, transaction delay, and system security is better than the traditional system, which verifies the effectiveness and reliability of the designed system.

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Financial Technologies for Accepting Transactions Using Block Chain Technology and Crypto Currency in Digital Marketing

Cited by 4 publications

References 6 publications

How effective is the banking and financial services sector in the United Arab Emirates in using technological innovations

How effective is the banking and financial services sector in the United Arab Emirates in using technological innovations

Technology and Innovation to Growth of Entrepreneurship and Financial Boost: A Decade in Review (2013-2023)

Research on Architecture of Digital Bond Trading Contract System Based on Blockchain Technology

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