Global fintech trends and their impact on international business: a review

Abstract

Purpose This paper aims to provide an in-depth examination of the emergent state of financial technology (fintech), particularly emphasizing capital-raising innovations and their implications for international business. Design/methodology/approach Using the highly influential articles published in fintech, the authors identify the advantages and disadvantages of each significant fintech in the credit, deposit and capital-raising services sector. The authors assess the adoption of these services and the international firm-level implications of their use. Findings This study highlights fintech’s role in fostering entrepreneurial internationalization, with a particular focus on the impact of crowdfunding, peer-to-peer lending and online banking. A thorough analysis of Google Scholar citations uncovers research gaps and unveils emerging trends bridging international business and fintech. Furthermore, the examination of regulatory efforts presents evidence of a robust positive relationship between global e-commerce legislation and fintech adoption, demonstrating the interconnected nature of these elements in the world of international business. Research limitations/implications Fintech research in international business has only taken off in the last five years. Innovations and regulatory developments are continuously evolving. Originality/value This study emphasizes the significance of fintech in international business research, addressing its implications on regulatory environments, entrepreneurial internationalization and multinational corporations’ global strategies. By investigating the synergies and applications of various fintech types, the research provides valuable insights for scholars and practitioners, contributing to the advancement of knowledge in the field of international finance.

Fintech and the Future of Banking: Collaboration and Innovation for Better Financial Services

“…The success of these strategies hinges on factors like consumer trust, data security, and the intention to use FinTech services (Stewart & Jürjens, 2018). Additionally, the interconnected nature of global e-commerce legislation and fintech adoption highlights the importance of regulatory efforts in fostering fintech growth in international business (Cumming et al, 2023).…”

The moderating role of information technology infrastructure in the relationship between fintech adoption and organizational competitiveness

“…Fintech gained prominence as a driver of innovation across varied domains of business (Cumming et al, 2023). Fintech has remodeled business models and strategies with the adoption of blockchain, artificial intelligence, big data, and analytics (Alhanatleh et al, 2024).…”

Money matters

“…While the pandemic may have been the catalyst, without these innovations, it would have been impossible to operate and maintain any initiative otherwise. The study by Cumming et al (2023) investigates the latest trends related to fintech and their implications for international businesses.…”