Fintech and Islamic Finance

Abstract

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The Impact of Fintech on Development of Islamic Banking Sector in the Contemporary World

“…Considering the flow of Fintech companies" invoices upon the enlargement of Islamic banking as a component of financial system, economic and mathematical modeling was disbursed. To determine the effect of new technology for financial operation investments on the extension of Islamic Banking assets, we selected the following variables [15]:  Islamic banking assets which represent the global total value of assets owned by Islamic banks.  Total investment in Fintech, gives the total amount of capital invested in Fintech firms and presented in billions of dollars.…”

State Financial Risk Management In The Context Of The Fourth Industrial Revolution

“…So the role of the state as regulator of the banking and financial sector, including protecting creditor rights, regulatory practices and consumer protection and envisaging a role in the long-term, infrastructural, investment, is increasing (Demirguc-Kunt, 2014). Financial regulators play an important role in ensuring the balance between promoting innovations and controlling risk, especially in emerging and developing economies (Alam et al, 2019). At the same time strengthening the role of state in long-term investments means leaching capital from the economy and depriving of opportunities to attract sources of financing for the commercial sector.…”

A Flourishing Fintech Ecosystem: Conceptualization and Governing Issues in Malaysia

“…Regtech can be understood as using innovative technology by supervisory organizations to support regulations and achieve broader analytical scrutiny (Broeders & Prenio, 2018;Micheler & Whaley, 2020). Regtech uses similar technologies like Fintech, such as machine learning, low code and artificial intelligence, to help financial institutions meet the challenges of regulatory monitoring, reporting, compliance and risk management while reducing compliance-related costs and allowing a fully compliant experience for their customers (Alam et al, 2019). Regtech can also be useful for sharia regulations in Islamic finance.…”