Financial Technology Research Articles

A Framework to Enhance the Reliability OF financial Technology Lending Applications by Integrating with Central Banks

A Framework to Enhance the Reliability OF financial Technology Lending Applications by Integrating with Central Banks

The Application of Financial Technology in Carbon Finance

With the rapid development of the economy, the pollution of the environment in various countries is also increasing, and the concept of carbon finance is gradually emerging. Fintech has gradually entered people's vision, and how to use Fintech to help the realization of carbon finance has become a research issue for some scholars. Existing research mainly focuses on a specific application and lacks a literature review. By summarising the literature on fintech and carbon finance, this paper outlines several currently common applications. It mainly covers the application of blockchain in carbon finance, such as using the tamper-proof nature of blockchain to make the carbon credit trading process more transparent, and using the contract layer of blockchain-smart contracts to prevent the accumulation of carbon credits by adding smart contracts into the trading process of carbon credits, etc. This paper concludes the application of big data and cloud computing in carbon finance, such as using big Data and cloud computing technology to analyze massive data, as a way to reduce the risk of carbon trading, etc. The research puts forward a certain degree of recommendations on the application of financial technology in carbon finance.

Effect of Financial Technology on the Growth of the Agricultural sector of Micro, Small and Medium-sized Enterprises in Lipa City

Effect of Financial Technology on the Growth of the Agricultural sector of Micro, Small and Medium-sized Enterprises in Lipa City

Analysis of The Effect of Credit and Financial Technology on Economic Growth in ASEAN-5

Located at the center of a dynamic economic region, ASEAN-5 countries provide opportunities for each country to improve the socio-economic conditions of its people through developing infrastructure, communication networks, human mobility, and trade in goods and services. Through the provision of credit facilities, the banking sector participates in stimulating investment and economic development. Technological developments in the financial industry and financial technology also influence economic growth. This research measures banking credit service instruments such as third-party funds, investment credit, working capital credit, and financial technology as the level of success in measuring economic growth. This research is quantitative, the analysis technique in this research uses panel data regression to see the influence of the dependent variable on the independent variable. The finding shows that third-party funds, investment credit, and working capital credit significantly affect economic growth. Meanwhile, financial technology does not have a significant effect on economic growth.

The role of business analysts in driving financial inclusion through product innovation

Business analysts play a pivotal role in advancing financial inclusion by driving product innovation tailored to underserved and marginalized populations. Their involvement is crucial in identifying and addressing gaps in financial services, ensuring that products and solutions are designed to meet diverse needs effectively. This review explores the contributions of business analysts in promoting financial inclusion through innovative product development, emphasizing their impact on creating accessible, affordable, and user-centric financial solutions. In the context of financial inclusion, business analysts utilize data-driven insights and market research to identify barriers faced by underserved communities. By analyzing customer needs, behaviors, and preferences, they provide valuable input on designing products that cater to the specific requirements of these populations. Their expertise enables the development of financial products that are not only accessible but also affordable and inclusive, such as microloans, mobile banking solutions, and digital payment platforms. Business analysts also facilitate collaboration between various stakeholders, including financial institutions, technology providers, and regulatory bodies, to ensure that innovative solutions align with industry standards and regulations. They play a critical role in bridging the gap between technical teams and end-users, translating complex requirements into actionable product features and functionalities. Their work ensures that new financial products are user-friendly and capable of addressing the unique challenges faced by marginalized groups. Furthermore, business analysts contribute to ongoing product improvements by continuously gathering and analyzing user feedback. This iterative approach allows for the refinement of financial products, ensuring that they remain relevant and effective in promoting financial inclusion. By leveraging advanced analytics and emerging technologies, business analysts help in identifying new opportunities and optimizing existing solutions to enhance financial access and participation. In conclusion, business analysts are essential in driving financial inclusion through product innovation. Their role in understanding market needs, facilitating stakeholder collaboration, and ensuring continuous improvement is critical to developing financial products that are accessible, affordable, and inclusive. Their contributions help bridge financial gaps and promote equitable access to financial services. Keywords: Business Analysts, Financial Inclusion, Product Innovation, Market Research, Financial Products, Accessibility, User-Centric Solutions.

THE ROLE OF DIGITALIZATION IN THE FORMATION OF THE COMPETITIVE ENVIRONMENT OF THE FINANCIAL AND CREDIT SECTOR OF THE ECONOMY OF UKRAINE

The purpose of the article is to formalize the genesis of digital financial technologies (DFT), identify: the impact of its stages on the competitiveness of representatives of the financial and credit sector (RFKS), the features of digital competition; quantitative assessments of the specified impacts. Achieving this goal has scientific and practical significance, in particular, for the formation of an effective digital strategy of the RFKS. It is noted that the genesis of digitalization was not uniform and took place in stages, which are a consequence of the level of development of the DFT, the need to adapt the RFKS ​​to them and determine the peculiarities of the competition of the RFKS. The dynamics of changes in the market share by types of digital financial services of fintech companies were studied, and a significant fluctuation in their competitive positions was noted. It is indicated that the complex application of DFT by fintech companies gives them the opportunity to strategically gain a significant competitive advantage over traditional RFKS. The prospects of mutually beneficial cooperation in the market of digital services of fintech companies and banks are indicated. It is noted that a new phenomenon is manifested on the example of fintech companies - mutual multiplicative strengthening of the development of DFT, which leads to increased competition. According to the results of the study of the effects of digitalization on the PFKS, the factors of the formation of threats to the competitiveness of banks in a strategic plan are determined and the directions of actions of institutional structures that will contribute to the strengthening of the market competitiveness of non-bank financial structures are indicated.

Good, Bad, Ugly? The Opportunities of AI in Finance

Artificial Intelligence (A.I.) has become increasingly popular due to emerging technologies, including generative AI, big data, deep learning, etc. It can provide insights from data that are hard to determine from a human perspective. Artificial Intelligence (A.I.) in finance helps to provide more personal and safer experiences for customers and develop cutting-edge solutions for a company. This paper surveys the challenges and opportunities in applying Artificial Intelligence (A.I.) to finance. It provides a state-of-the-art review of financial technologies, algorithmic trading, and fraud detection. Also, the paper identifies two research topics. One is how to use generative AI in algorithmic trading. The other is how to apply it to fraud detection. Last but not least, this paper discusses the challenges posed by generative AI, such as the ethical considerations, potential biases, and data security

Pathways to sustainability: Evaluating the impact of green energy, natural resources, FinTech, and environmental policies in resource-abundant countries

The escalating concerns about ecological sustainability have made the consumption of resources a crucial global issue. The speedy growth of the economy is heavily reliant on excessive consumption of resources, which significantly contributes to the imbalance between biodiversity and ecological footprint, resulting in a decrease in the carrying capacity. Both researchers and policymakers strive to enhance the amount of financial capital in the present time while ensuring that the country's economic growth remains unaffected. The primary objective of this study is to analyze the impact of green energy, financial technology (FinTech), and environmental regulations on enhancing the environmental sustainability of resource-rich countries from 1992 to 2022. To address problems with cross-sectional dependency and slope heterogeneity, this study employs the CS- ARDL model. The long-term results indicate that the reliance on income from natural resources decreased the load capacity factor. However, the load capacity factor was improved by shifting to green energy, adopting fintech, and implementing environmental regulations. The utilization of the AMG and CCEMG estimate procedures enhances the validity of the research findings. These findings provide essential policy recommendations for all stakeholder involved.

Advancing network security in fintech: Implementing IPSEC VPN and cisco firepower in financial systems

This review paper explores the critical importance of network security in the financial technology (fintech) sector, focusing on implementing IPSEC VPN and Cisco Firepower. IPSEC VPN provides secure communication through encryption, authentication, and data integrity, which is essential for protecting sensitive financial data. Cisco Firepower enhances network security with advanced threat detection and prevention capabilities. The paper discusses the challenges in deploying these technologies, including configuration complexity and integration with existing systems. Future trends in fintech security are also examined, highlighting the potential of AI-driven security measures, zero-trust architectures, and blockchain technology to address evolving cyber threats. Financial institutions can ensure robust security and operational resilience by adopting these strategies.

Innovative financial strategies for achieving cost reduction and revenue growth in non-profit organizations

Non-profit organizations operate in a challenging financial environment, requiring innovative strategies to ensure sustainability and maximize their impact. This review paper explores essential financial strategies for non-profits, focusing on cost reduction, revenue growth, strategic financial planning, and leveraging technology. Cost reduction strategies, including operational efficiency, process streamlining, and technology implementation, enable non-profits to optimize resource allocation. Revenue growth is achieved through diversifying funding sources, expanding donor bases, and adopting social enterprises and digital fundraising methods. Strategic financial planning and management, encompassing robust financial plans, regular audits, and risk management, are foundational for financial health. Leveraging technology, such as financial management software, data analytics, and blockchain, further enhances financial efficiency and transparency. This comprehensive approach empowers non-profits to achieve financial stability, improve resource management, and enhance their mission-driven impact. Future directions recommend exploring new financial management practices and technologies to maintain competitiveness and sustainability in an evolving landscape.

Research on Behavioral Finance on the Platform of Financial Technology: An Exploration of Investors' Emotional Indicators Based on Text Analysis

Research on Behavioral Finance on the Platform of Financial Technology: An Exploration of Investors' Emotional Indicators Based on Text Analysis

The Influence of Financial Inclusion, Financial Literacy, Financial Management, and Financial Technology on MSME Performance

This research aims to examine the influence of financial inclusion, financial literacy, financial management, and financial technology on the performance of MSMEs. This research uses a quantitative approach. The sample in this research was 100 MSMEs in Banyumas Regency. Sampling using the method non probability sampling with technique purposive sampling. The data collection technique in this research uses a questionnaire. The data analysis tool used is SPSS 26. The research results show that financial inclusion has no effect on MSME performance, financial literacy has a positive effect on MSME performance, financial management has a positive effect on MSME performance, and financial technology has no effect on the performance of MSMEs.

Exploring customer retention dynamics: A comparative investigation of factors affecting customer retention in the banking sector using mediation-moderation approach

The purpose of this research is to explore the impact of service quality, customer trust, and cultural disparities on customer satisfaction within the banking sector. Additionally, the study examined the mediating effect of customer satisfaction and the moderating effect of financial technology. Data for this investigation were gathered from customers utilizing services offered by public banks in Pakistan and China. The analysis was conducted using the Smart-PLS software, with 281 samples from Pakistan and 312 samples from China being included in the study. Results show that service quality, customer trust, and cultural differences positively affect customer satisfaction in the context of Pakistan and China. Results also reveal that service quality and customer trust have a positive effect on customer retention behavior in China, but customer trust has an insignificant impact on customer retention behavior in Pakistan. Analysis specifies that customer satisfaction positively mediated the relationship between service quality, customer trust, cultural differences, and customer retention behavior in Pakistan and China. More importantly, financial technology moderated the relationship between customer satisfaction and customer retention behavior, but it was insignificant in the context of China and Pakistan. The study seeks to provide significant insights for strategic decision-making and improve customer relationship management techniques in the dynamic field of financial services by including mediating and moderating elements.

FinTech and rural household entrepreneurship

Entrepreneurship activities play an important role in economic growth and job creation. Based on China Family Panel Studies (CFPS) survey data in 2014, 2016, 2018 and 2020, and combing it with the financial technology (FinTech) Index, this study explores the impact of FinTech on rural household entrepreneurship using the Logit and IV estimations. The empirical findings highlight the significant role of FinTech in promoting rural household entrepreneurship. The mechanism analysis shows that FinTech positively modulates the relationship between formal finance and rural credit constraints, thereby fostering rural entrepreneurship. Notably, the impact of FinTech on entrepreneurship is particularly pronounced in areas with lower urbanization levels, indicating a greater potential for promoting entrepreneurship in less economically developed regions. Therefore, this study recommends expanding the coverage of FinTech to encourage rural household entrepreneurship and accelerate efforts towards rural revitalization.

THE REALITY OF ALGERIAN TRADITIONAL BANKS IN LIGHT OF THE ACCELERATION OF FINANCIAL TECHNOLOGY

Objective: This research aims to understand the reality of how Algerian banks operate in light of the rapid advancement of financial technology and the extent to which they have embraced the new trend based on financial technology, or what is known as "FINTECH," in payment systems, lending, and even investment. Theoretical Framework: Fintech has reached advanced stages, and traditional Algerian banks need to change the outdated conventional style they've been using due to technological changes in order to improve financial services. Method: In order to answer the questions asked and to take note of the various aspects of the subject, and to test the validity of the previously mentioned hypotheses, the analytical descriptive approach was relied upon to cover the theoretical aspect and to usestatistical side for analyzing the data and information included in the study. Results and Discussion: The study concluded that adopting financial technology is among the most important activities in the financial and banking system in Algeria, despite the limited range of financial services and products offered through its financial channels, which are still in their early stages. It has become essential to encourage digital banks and support institutions active in payment and financial services, which will have a positive impact on financial technologies as well as the banking system. Research Implications: This study identified the main obstacles that have prevented financial technology in the Algerian banking system from reaching advanced levels, along with the significant efforts made by the state to enhance Algerian banking services. Originality/Value: This study aims to highlight the banking sector in Algeria and its ability to keep up with the developments occurring in the field of financial technology.evidenced by [explain how the results may impact the area of study or professional practice].

Behavioral Intention to Adopt Islamic Financial Technology: Theory of Planned Behaviour with Gender Moderation

Behavioral Intention to Adopt Islamic Financial Technology: Theory of Planned Behaviour with Gender Moderation

Guardians of the Digital Realm: Mapping Key Stakeholders in Data Privacy and Digital Credit Universe

In Nigeria’s rapidly evolving digital economy, data privacy and digital credits emerge as critical areas demanding robust stakeholder engagement and strategic oversight. This study examines the intricate web of key stakeholders in digital data privacy and digital credit sectors, their interrelations, responsibilities, and impacts. These stakeholders include governmental regulatory bodies, financial technology firms (fintechs), consumers and international organizations. Through a systematic literature review, the study navigates the complexities of these relationships, particularly in the wake of Nigeria's Data Protection Act and the burgeoning digital credit market. Data is synthesized from policy documents, digital credit transaction trends, and organizational repositories to underscore the growing significance of stakeholder actions and interactions. The findings illuminate the current landscape and forecast the trajectory of digital data governance and credit practices, emphasizing the necessity for a harmonious and secure digital economy that serves all stakeholders equitably.

KUALITAS SDM DAN LITERASI KEUANGAN PADA UMKM DI ERA DIGITALISASI: SYSTEMATIC LITERATURE REVIEW

This research aims to examine the quality of human resources (HR) and the level of financial literacy in micro, small and medium enterprises (MSMEs) in the era of digitalization through a systematic literature review. The method used is a systematic review of scientific literature published in the last five years. In the era of digitalization, increasing financial literacy is crucial for the sustainability of MSMEs, especially in terms of digital financial management and the use of financial technology. This research also identifies several challenges and opportunities in efforts to improve the quality of human resources and financial literacy of MSMEs in the digital era. These findings provide important implications for policy makers and practitioners in designing effective HR capacity and financial literacy development programs for the MSME sector in the era of digitalization. This literature study shows that the quality of human resources, MSME players are required to be creative and innovative, easily adapt to new technology, have digital skills in various work sectors, and have a high entrepreneurial spirit, as well as being able to deal with automation and artificial intelligence. Meanwhile, financial literacy also has an important role in encouraging the digitalization of MSMEs. MSME players are required to have financial knowledge related to money management, financial knowledge to assess performance periodically, financial behavior in budgeting, and attitudes towards future plans, and financial behavior regarding monthly spending budgets.

Performance Evaluation of Maoming Science and Technology Finance based on Malmquist-DEA model

Since the Malmquist index can analyze the change of decision-making units at different times and eliminate the factors of technological progress, it can get more accurate results than cross-sectional data. Therefore, by introducing Malmquist index and combining with BCC-DEA model, this paper analyzes the efficiency of the combination of science, technology and finance in different periods in Guangdong province, this provides a strong theoretical support for Maoming's co-ordination of science and Technology Innovation and Technology Finance. The study found that Maoming's innovation output was at the average level of Guangdong, but compared with Zhuhai and Shenzhen, Science and technology innovation was less dynamic and was at an unbalanced stage of development.

Financial Technology and Innovation for Sustainable Development

This Special Issue on “Financial Technology and Innovation for Sustainable Development” includes a diverse collection of research papers that explore the evolving landscape of financial technologies (FinTech) and their implications for sustainable development [...]