Banks, Credit Constraints, and the Financial Technology’s Evolving Role

Casanova, Lourdes; Cornelius, Peter; Dutta, Soumitra

doi:10.1016/b978-0-12-804025-6.00007-1

Cited by 9 publications

(8 citation statements)

References 18 publications

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“…The online lending platform started operating in the mid-2000s and became popular to use after the global financial crisis in the form of P2P lending that might help to overcome systematic biases in financial services regardless of geographies, genders; enhanced the speed, customer service and convenience of providing capital; lowering the cost of intermediation and widen the pool of loanable fund resulting higher market competition (Casanova et al, 2018).…”

Section: Digital Financial Inclusion: Why Do We Need It?mentioning

confidence: 99%

“…A rapid change in the area of digital technology, in particular, usages of online platforms or websites, enables financial service providers to change their business models and provide new revenues and value-producing opportunities emerging outside the traditional financial system (Makina, 2019). Along with the services provided by the brick-and-mortar branches, mobile wallet, payment apps, cloud, analytics, artificial intelligence, cryptography, crowdfunding and many other forms are available nowadays that modernize and facilitate the financial services to attract the unbanked as bankable clients as means of subsiding financial exclusion and resulting in an inclusive economic growth (Casanova et al, 2018;Makina, 2019;Pramanik et al, 2019). As a result, consumers can access cost-effective means of managing their financial activities together with spending, borrowing, saving, investing, and protecting their financial well-being through insurance, termed as sustainable finance or financial inclusion, one of the center policies of World Bank and significant development organization (Arner et al, 2020;Patwardhan, 2018).…”

Section: Introductionmentioning

confidence: 99%

“…Focusing on the innovations of financial technology to minimize financial exclusion, this study aims to contribute to rising streams of literature. The existing literature of FinTech so far has discussed evolutionary context (Arner et al, 2015;Casanova et al, 2018;Lai & Samers, 2020), pinpointing its role in transforming overall financial systems from the theoretical background (Allen et al, 2020;Arner et al, 2020;Bates, 2017;Kavuri & Milne, 2019;Thakor, 2020) as well as from empirical framework (Friedline et al, 2020;Gupta & Xia, 2018;Kandpal & Mehrotra, 2019;Yermack, 2018). Although there have been extensive studies on FinTech in the last five years, the area remains uncovered in Bangladesh.…”

Section: Introductionmentioning

confidence: 99%

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Bangladesh toward Digital Financial Inclusion: FinTech Experience

Ahmed¹,

Hasan²

2021

jebi

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Digitalization in financial services, in another way financial technology or FinTech, has drastically extended financial intermediation while customers are experiencing and engaging with the development of new digital products and competencies. Nevertheless, over two billion people worldwide remain out of accessing financial services that make financial inclusion an equally important concern for all economies, including Bangladesh. Over the last few years, a good number of academic literature has been made on FinTech covering how essential it is to serve the unbanked and underbanked countries. This study tries to provide an inclusive survey of relevant literature on FinTech and its potential to disruptive financial intermediation globally and nationally. Therefore, a descriptive research design has been adopted entirely based on secondary resources and mostly relying on the Global Findex database, International Monetary Fund (IMF) releases, and Bangladesh Bank reports. It has been evident that digital financial inclusion is connecting more and more people to the financial system at a growing pace resulting in substantial welfare benefits throughout the nation. Even if the active use of mobile money systems, digital banking, especially internet banking, is reshaping our bank. However, there is much work to be done compassing the challenges and the threats of FinTech as important policy issues for the existing financial landscape. In conclusion, this study provides an insight into the country's digital financial system and contributes to further study in relevant disciplines.

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Section: Digital Financial Inclusion: Why Do We Need It?mentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Bangladesh toward Digital Financial Inclusion: FinTech Experience

Ahmed¹,

Hasan²

2021

jebi

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“…These technological innovations play very important roles in providing better financial access to rural people. These services are referred as FinTech, which is very popular in the present times as the financial market, and its rapid development is an emerging issue of the finance world (Casanova et al, 2018;Gai et al, 2018;Gimpel et al, 2018). It is the combined form of "Finance" and "Technology" (Zavolokina et al, 2016).…”

Section: Theoretical Frameworkmentioning

confidence: 99%

Regional Development of China’s Inclusive Finance Through Financial Technology

Hasan

Mahmud

2020

SAGE Open

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Financial technology, commonly used the term as FinTech, is a key emerging driver of inclusive finance. This is also one of the emerging issues of finance as well as financial research. This research is done with the purpose of showing the present status of China’s FinTech in inclusive finance development. In addition, the study raises regional disparity and critical issues related to the inclusive development. A secondary data analysis methods are systematically carried out to demonstrate the present situation of internet finance in the development of inclusive finance in China, as well as the developing status of different provinces through internet finance. The ultimate finding of this research is that, despite significant development in China’s financial system, there is still a development inequality between the most and least developed regions. This study also identifies some important issues that should be taken care of by the policy makers. This research is done from authentic data also sources with appropriate explanations, which help the readers, academicians, researchers, and others to get comprehensive understanding of China’s FinTech and its influence on inclusive development.

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“…This shows that with the increasing number of Internet platforms that serve solely as intermediaries between borrowers and lenders. In this business model, this platform filters and analyzes the loan appropriateness of loan applications based on "big data", sets the credit rating for loans, and allocates investment loans to individual and institutional investor portfolios(Casanova et al, 2018).…”

mentioning

confidence: 99%