FinTech Cybersecurity Challenges and Regulations: Bahrain Case Study

AlBenJasim, Salah; Dargahi, Tooska; Takruri, Haifa; Al-Zaidi, Rabab

doi:10.1080/08874417.2023.2251455

Cited by 4 publications

(1 citation statement)

References 65 publications

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“…Perceived regulatory support implies that there are regulations and mechanisms in place to protect the rights and interests of consumers (Brown and Piroska 2022). When consumers believe that regulatory bodies are actively monitoring and enforcing consumer protection laws, they are more willing to utilize FinTech services (AlBenJasim et al 2023). This assurance promotes the broader use of FinTech, especially among those who have limited access to traditional banking services (Otieno and Kiraka 2023).…”

Section: Perceived Regulatory Support As a Moderatormentioning

confidence: 99%

FinTech and Financial Inclusion: Exploring the Mediating Role of Digital Financial Literacy and the Moderating Influence of Perceived Regulatory Support

Amnas,

Selvam,

Parayitam

2024

JRFM

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Exploring the potential of financial technology (FinTech) to promote financial inclusion is the aim of this research. This study concentrated on understanding why people use FinTech and how it affects their access to financial services by taking into account the mediating role of digital financial literacy and the moderating effect of perceived regulatory support. This study used partial least squares structural equation modeling (PLS-SEM) for testing the research model by collecting data from 608 FinTech users in India. The results revealed the role of trust, service quality, and perceived security are essential in promoting the utilization of FinTech services. This study also demonstrated that FinTech positively impacts financial inclusion, making it easier for individuals to get into formal financial services. Furthermore, digital financial literacy emerged as an important mediator between FinTech use and financial inclusion. The research also confirmed that perceived regulatory support has a significant moderation influence on the relationship between FinTech and financial inclusion. This research would contribute to advancing theoretical frameworks and offer practical advice for policymakers and FinTech companies to make financial services more inclusive.

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Section: Perceived Regulatory Support As a Moderatormentioning

confidence: 99%

FinTech and Financial Inclusion: Exploring the Mediating Role of Digital Financial Literacy and the Moderating Influence of Perceived Regulatory Support

Amnas,

Selvam,

Parayitam

2024

JRFM

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Navigating Cybersecurity Challenges in FinTech

Webb,

Sallos

2024

The Palgrave Handbook of FinTech in Africa and Middle East

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FinTech Implementation Challenges in the Palestinian Banking Sector

Hurani,

Abdel-Haq,

Camdzic

2024

IJFS

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This study addresses FinTech implementation challenges in the banking industry in Palestine. This was accomplished by adopting qualitative research methods. Semi-structured interviews were conducted with interviewees from the Palestinian Monetary Authority, banks, and FinTech companies. Thematic analysis was conducted using NVivo 12 software to identify themes in the interview scripts. Research outcomes suggest that FinTech development in Palestine encounters a range of multifaceted challenges, which can be categorised using the TOE (technological, organisational, environmental) framework. On the technological front, issues such as underdeveloped IT and telecommunications infrastructure, restricted mobile frequencies due to Israeli occupation, limited IT expertise, cyber risks, low digital literacy, and minimal FinTech awareness hinder progress. Organizationally, resistance to change, inadequate agility, limited digital skills, and slow Sharia compliance updates in Islamic banking impede innovation. Environmentally, the absence of a dedicated FinTech framework, unclear regulatory guidance, limited market size, and strict AML/CFT regulations create uncertainties for non-bank entities and restrict investment opportunities. Addressing these interconnected barriers requires coordinated efforts across legal, financial, and technological sectors to foster FinTech integration and growth in Palestine.

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FinTech Cybersecurity Challenges and Regulations: Bahrain Case Study

Cited by 4 publications

References 65 publications

FinTech and Financial Inclusion: Exploring the Mediating Role of Digital Financial Literacy and the Moderating Influence of Perceived Regulatory Support

FinTech and Financial Inclusion: Exploring the Mediating Role of Digital Financial Literacy and the Moderating Influence of Perceived Regulatory Support

Navigating Cybersecurity Challenges in FinTech

FinTech Implementation Challenges in the Palestinian Banking Sector

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