The rise and rise of financial technology: The good, the bad, and the verdict

Iman, Nofie

doi:10.1080/23311975.2020.1725309

Cited by 54 publications

(43 citation statements)

References 76 publications

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“…The reasons for this are still controversial, such as insufficient knowledge about FinTech, miss perception and feeling insecure or having no confidence to use FinTech [6]. Overall, the barriers for small business owners to adopt FinTech are almost the same as those of other innovation adoptions, namely their resistance to change, so they are reluctant to adopt new technologies including financial innovation such as FinTech [27,28]. In short, although FinTech has the potential to improve financial access for small entrepreneurs, there is not much knowledge about the FinTech adoption process by small business owners, especially in P2P lending [28].…”

Section: Introductionmentioning

confidence: 99%

“…Overall, the barriers for small business owners to adopt FinTech are almost the same as those of other innovation adoptions, namely their resistance to change, so they are reluctant to adopt new technologies including financial innovation such as FinTech [27,28]. In short, although FinTech has the potential to improve financial access for small entrepreneurs, there is not much knowledge about the FinTech adoption process by small business owners, especially in P2P lending [28]. Therefore, the research question is: what factors influence the adoption of FinTech in small businesses?…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

FinTech in the Small Food Business and Its Relation with Open Innovation

Najib

Ermawati

Fahma

et al. 2021

Journal of Open Innovation: Technology, Market, and Complexity

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Small food businesses have difficulty accessing banks for financing. The growth of the sharing economy through financial technology (FinTech) makes it possible for small enterprises to receive access for credit. However, not all small business owners want to receive financing from FinTech companies. This study aims to analyze factors affecting FinTech adoption in small enterprises and its impact on business sustainability. The modified UTAUT 2 model was applied in this study. There were 184 small food business owners participating as respondents. To analyze the causal relationship between variables, Structural Equation Modeling (SEM) was implemented using a Partial Least square (SEM-PLS). The results of the research found that knowledge, safety perceptions, performance expectations, social influence, facilitation conditions and price values affect FinTech adoption by small food business owners. Moreover, FinTech adoption influences small food business sustainability. Several important recommendations for researchers, the FinTech industry and policy makers are formulated.

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Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

FinTech in the Small Food Business and Its Relation with Open Innovation

Najib

Ermawati

Fahma

et al. 2021

Journal of Open Innovation: Technology, Market, and Complexity

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“…Financial technology merupakan suatu kemajuan teknologi yang menghubungkan antara teknologi Internet dan aktivitas perbankan. Startup yang begerak pada sektor financial technology mampu menyederhanakan simplify the processes of traditional banking (Iman & Tan, 2020). On the basis of the findings from the National Digital Research Center (NDRC; n.d., as cited in Fajar, 2020), the definition of financial technology is "innovation in the field of finances, using technology, to alter, simplify and improve financial services".…”

Section: Rerata Virtual Team Maturity Model (Vtmm)mentioning

confidence: 99%

Mixed Virtual Supports Startup Survival During Pandemic

Fadillah

Helmi²

2022

ANIMA IPJ

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The virtual team has been one of the solution strategies implemented by startups during the pandemic, in order to reduce virus spread (through physical and social distancing). The number of startups in Indonesia has been a great window of opportunity, however many startups have failed in the first year of operations, with the performances of the teams being one of the principle causes. Unfortunately, studies on startup virtual teams in Indonesia are still less than satisfying in portraying this situation. This study answers just how dynamic were the startup virtual teams during the pandemic, with the aim of exploring the processes which took place within the startup virtual teams. The method used was that of convergent parallel mixed-methods, with the analysis of quantative data from the questionnaires completed by 156 startup virtual teams, and of qualitative data from interviews conducted with five leaders of startup virtual teams. The study results indicated that the interaction of the teams was in mixed virtual form, i.e., the team interaction was performed not entirely online. Startup virtual teams during the pandemic conducted direct face-to-face interactions, prior to any virtual interaction, and/or were able to conduct face-to-face meetings during the pandemic, by paying attention to health protocols. These mixed virtual interactions created informal relationships, which made the startups sustainable through the pandemic. Tim virtual merupakan salah satu strategi solusi yang dilakukan startup ketika pandemi demi menurunkan penyebaran virus (melalui physical and social distancing). Besarnya jumlah startup di Indonesia menjadi peluang besar, namun banyak startup yang gagal dalam satu tahun masa operasi pertama, dengan sinergitas tim sebagai salah satu penyebab utamanya. Sayangnya, studi mengenai tim virtual startup di tengah pandemi di Indonesia masih kurang memadai dalam mengambarkan kondisi tersebut. Studi ini menjawab bagaimana dinamika tim virtual startup di masa pandemi, dengan tujuan mengeksplorasi proses yang terjadi pada tim virtual startup. Metode yang digunakan adalah convergent parallel mixed-methods dengan menganalisa data kuantitatif dari kuesioner yang diisi 156 tim virtual startup dan data kualitatif dari interviu yang dilakukan pada lima pemimpin tim virtual startup. Hasil studi menunjukkan bahwa tim berinteraksi secara mixed virtual, yaitu interaksi tim tidak sepenuhnya dilakukan secara daring. Tim virtual startup di masa pandemi telah melakukan interaksi tatap muka langsung sebelum berinteraksi virtual dan/atau dapat melakukan pertemuan tatap muka di masa pandemi, dengan memperhatikan protokol kesehatan. Interaksi mixed virtual ini menciptakan hubungan yang informal yang dapat membuat startup bertahan di masa pandemi.

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“…Previous literature raises many concerns regarding regulatory issues within Fintech (Bollaert et al, 2021;Degerli, 2019;Omarova, 2020;Suryono et al, 2020). Iman (2020) stated that the various intersection between functionalities, consumers, technological platforms, and emerging business models in rising Fintech firms gave regulators challenges to produce a proper regulatory framework for Fintech. The Fintech environment relies on innovations such as the Internet, which presents a few security hazards.…”

Section: Regulatory Issue In Fintechmentioning

confidence: 99%

A Flourishing Fintech Ecosystem: Conceptualization and Governing Issues in Malaysia

Urus

Mohamed

2021

BER

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Transforming business transactions from the old "bricks and mortar" physical transaction to "click and order" via digital devices gave birth to financial technology or Fintech. Fintech has arguably democratized financial services, allowing non-traditional firms to enter the space. Fintech refers to digital technologies that integrate various forms of technology, including Blockchain, Robo-advisors, Crowdfunding, Big Data, Peer-to-peer (P2P) lending and intelligent investment consulting in the financial sector. Nonetheless, the Fintech research topic in developing countries like Malaysia is still at the nascent stage. The previous literature has recognized the Fintech evolvement, features, and effect but has not yet provided a comprehensive conceptualization and manifestation. The governing issues of Fintech are also still worth further investigation. Based on the fintech literature review, this paper explores the Fintech conceptualization and its governing issues in-depth. The study will contribute to understanding Fintech, its manifestation, and how Fintech evolves. This concept paper also shed some light on Fintech research areas by identifying the governing issues surrounding Fintech implementation. From the practical perspective, the contribution is a recommendation on how the Fintech application could be utilized optimally by the Fintech companies that would positively impact the Malaysia ecosystem and contribute to the national agenda.

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The rise and rise of financial technology: The good, the bad, and the verdict

Cited by 54 publications

References 76 publications

FinTech in the Small Food Business and Its Relation with Open Innovation

FinTech in the Small Food Business and Its Relation with Open Innovation

Mixed Virtual Supports Startup Survival During Pandemic

A Flourishing Fintech Ecosystem: Conceptualization and Governing Issues in Malaysia

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