The Impact of FinTech and Blockchain Technologies on Banking and Financial Services

Kumari, Anitha; Devi, N. Chitra

doi:10.22215/timreview/1481

Cited by 52 publications

(19 citation statements)

References 10 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

Section: Literature Review 21 Crypto-walletsmentioning

confidence: 99%

“…In recent years, technology has acquired a leading role in many sectors, including the banking and financial services sector (Kumari and Devi, 2022). The combination of financial technology (FinTech) and blockchain is deliberately transforming digital banking services (Alaassar et al, 2023;Kumari and Devi, 2022). The term FinTech refers to all those activities that imply the use of innovation and technological developments for the design, supply and provision of products and financial services.…”

Section: Literature Review 21 Crypto-walletsmentioning

confidence: 99%

“…The term FinTech refers to all those activities that imply the use of innovation and technological developments for the design, supply and provision of products and financial services. FinTech in banking services has mainly affected payments and the mode by which transactions are executed (Kumari and Devi, 2022; Thakor, 2020). FinTech aims for the banking sector to reshape profit-making conditions for industries and produce new revenue channels through online payments.…”

Section: Literature Reviewmentioning

confidence: 99%

“…The biggest disruptive potential of FinTech in payments services is with cryptocurrencies (Alaassar et al. , 2023; Kumari and Devi, 2022).…”

Section: Literature Reviewmentioning

confidence: 99%

See 3 more Smart Citations

Crypto-wallets revolution! Key factors driving behavioral intention to adopt the Coinbase Wallet using mixed PLS-SEM/fsQCA methodology in the Spanish environment

Gil-Cordero,

Ledesma-Chaves,

Arteaga Sánchez

et al. 2024

IJBM

View full text Add to dashboard Cite

PurposeThe aim of this study is to examine the behavioral intention (BI) to adopt the Coinbase Wallet by Spanish users.Design/methodology/approachA survey was administered to individuals residing in Spain between March and April 2021. There were 301 questionnaires analyzed. This research applies a new predictive model based on technology acceptance model (TAM) 2, the unified theory of acceptance and use of technology (UTAUT) model, the theory of perceived risk and the commitment trust theory. A mixed partial least squares structural equation modeling (PLS-SEM)/fuzzy-set qualitative comparative analysis (fsQCA) methodology was employed for the modeling and data analysis.FindingsThe results showed that all the variables proposed have a direct and positive influence on the intention to use a Coinbase Wallet. The findings present clear directions for traders, investors and academics focused on improving their understanding of the characteristics of these markets.Originality/valueFirst, this study addresses important concerns relating to the adoption of crypto-wallets during the global pandemic. Second, this research contributes to the existing literature by adding electronic word of mouth (e-WOM), trust, web quality and perceived risk as new drivers of the intention to use the Coinbase Wallet, providing unique and innovative insights. Finally, the study offers a solid methodological contribution by integrating linear (PLS) and nonlinear (fsQCA) techniques, showing that both methodologies provide a better understanding of the problem and a more detailed awareness of the patterns of antecedent factors.

show abstract

Section: Literature Review 21 Crypto-walletsmentioning

confidence: 99%

Section: Literature Review 21 Crypto-walletsmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

“…The biggest disruptive potential of FinTech in payments services is with cryptocurrencies (Alaassar et al. , 2023; Kumari and Devi, 2022).…”

Section: Literature Reviewmentioning

confidence: 99%

See 2 more Smart Citations

Crypto-wallets revolution! Key factors driving behavioral intention to adopt the Coinbase Wallet using mixed PLS-SEM/fsQCA methodology in the Spanish environment

Gil-Cordero,

Ledesma-Chaves,

Arteaga Sánchez

et al. 2024

IJBM

View full text Add to dashboard Cite

show abstract

“…In the context of FinTechs, data sovereignty positively relates to model explainability 3.2.2.2 Ambidexterity. The concept of ambidexterity has received increasing attention in the literature, with research exploring its relevance to FinTechs in terms of how these firms effectively navigate complex regulatory environments and leverage innovative technologies (Kumari and Devi, 2022;Horvath et al, 2022).…”

Section: Hypotheses Developmentmentioning

confidence: 99%

AI micro-decisions in FinTechs: a mixed method research design

Issa,

Jabbouri,

Mehanna

2023

View full text Add to dashboard Cite

PurposeThe exponential growth of artificial intelligence (AI) technologies, coupled with advanced algorithms and increased computational capacity, has facilitated their widespread adoption in various industries. Among these, the financial technology (FinTech) sector has been significantly impacted by AI-based decision-making systems. Nevertheless, a knowledge gap remains regarding the intricate mechanisms behind the micro-decision-making process employed by AI algorithms. This paper aims to discuss the aforementioned issue.Design/methodology/approachThis research utilized a sequential mixed-methods research approach and obtained data through 18 interviews conducted with a single FinTech firm in France, as well as 148 e-surveys administered to participants employed at different FinTechs located throughout Europe.FindingsThree main themes (ambidexterity, data sovereignty and model explainability) emerge as underpinnings for effective AI micro decision-making in FinTechs.Practical implicationsThis research aims to minimize ambiguity by putting forth a proposition for a model that functions as an “infrastructural” layer, providing a more comprehensive illumination of the micro-decisions made by AI.Originality/valueThis research pioneers as the very first empirical exploration delving into the essential factors that underpin effective AI micro-decisions in FinTechs.

show abstract

Metaverse Metamorphosis: Fintech's Evolution Catalyzing New Era of Consumer Behavior

Dutta,

Singh

2024

J of Consumer Behaviour

View full text Add to dashboard Cite

All facets of society may enter the virtual world more quickly due to the rapid development of digital technology, which would blur the boundary between the real and the digital realms and encourage the creation of a Metaverse. In the upcoming decades, metaverse technology—which allows immersive experiences in virtual and real environments—will be the next revolutionary force in society. The Fintech industry has been one of the first to adopt it, and it is one of those that uses technology to resolve problems. The study begins by conceptualizing the Metaverse as being defined explicitly by the convergence of its essential components and its influence on the fintech sector. It further discusses how Metaverse could create value in consumer behaviour in three vicinities: social perception, user identity and advertising & consumer psychology. Finally, the study presents the various implications and future scope of this research by doing the thematic analysis to enhance our understanding of the Metaverse economy and how it influences consumer behaviour. This study provides an overview of the shift occurring in the marketplace and contemplates the various changes that it may bring, all through the perspective of consumer behaviour which can be used to create predictive models that recognize emerging trends in customer behaviour, market activities, and other aspects of the business.

show abstract

The Impact of FinTech and Blockchain Technologies on Banking and Financial Services

Cited by 52 publications

References 10 publications

Crypto-wallets revolution! Key factors driving behavioral intention to adopt the Coinbase Wallet using mixed PLS-SEM/fsQCA methodology in the Spanish environment

Crypto-wallets revolution! Key factors driving behavioral intention to adopt the Coinbase Wallet using mixed PLS-SEM/fsQCA methodology in the Spanish environment

AI micro-decisions in FinTechs: a mixed method research design

Metaverse Metamorphosis: Fintech's Evolution Catalyzing New Era of Consumer Behavior

Contact Info

Product

Resources

About