Designing Stress Tests for UK Fast-Growing Firms and Fintech

Pantos, Stavros

doi:10.3390/risks11020031

Cited by 5 publications

(3 citation statements)

References 8 publications

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“…Fintech transforms the competition dynamics among financial institutions, thus contributing to a favorable competitive environment (Efimov et al, 2021). Rapidly growing companies are reflected in the application of fintech, which is instrumental in their framework development (Pantos, 2023). The presence of fintech in developing countries significantly stimulates economic growth (Narayan, 2019).…”

Section: Resultsmentioning

confidence: 99%

Understanding the Impacts of Financial Technology in the Society 5.0 Era

Mbate,

Windjiarto,

Halawa

et al. 2023

Financial

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Financial Technology (FinTech) aims to achieve a competitive market advantage based on technology (digitalization). This study focuses on figuring out the effects of financial technology in the era of Society 5.0, in which humans can create new values from existing technological transformations to reduce social and economic inequalities in society in the future. This research used a systematic literature review method of 68 articles screened from the Scopus database. Fifty-five impacts of FinTech in the Society 5.0 which can help organizations understand the importance of using fintech are found in this study. The research only focuses on one database. Whereas the aims only focus on the impact of fintech, thus subsequent researchers can continue and develop the same topic using other databases (for example, ScienceDirect) and try to figure out other topics related to fintech (for example, causal factors consequence).Keywords: Financial Technology, Finance, Society 5.0

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Section: Resultsmentioning

confidence: 99%

Understanding the Impacts of Financial Technology in the Society 5.0 Era

Mbate,

Windjiarto,

Halawa

et al. 2023

Financial

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“…Is the conduction of regular testing and exercises to validate the effectiveness of IT business continuity plans and uncover potential weaknesses or gaps [120]. This includes tabletop exercises, simulations, or full-scale drills to evaluate response capabilities, train personnel, and identify areas for improvement.…”

Section: Testing and Exercisesmentioning

confidence: 99%

Ensuring resilience: Integrating IT disaster recovery planning and business continuity for sustainable information technology operations

Derick Musundi Kesa

2023

World J. Adv. Res. Rev.

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Information Technology (IT) Disaster Recovery Planning (IT DRP) and Business Continuity (BC) are essential components of an organization’s overall resilience strategy. IT DRP focuses on the recovery and restoration of IT systems, infrastructure, and services in the event of a disruptive incident or disaster, aiming to minimize downtime and data loss. BC, on the other hand, encompasses a broader perspective, addressing the organization's ability to maintain essential operations and deliver critical services during and after a disruption. This paper provides an overview of IT DRP and BC, highlighting their importance, challenges, and strategies. It also identifies the research gaps and future research scope in these areas. The findings indicate that both IT DRP and BC face challenges in their effective implementation. These challenges include the evolving nature of technology, increasing complexity of IT systems, budget constraints, organizational resistance to change, and the need for skilled personnel. Overcoming these challenges requires a comprehensive understanding of the organization’s IT infrastructure, risk assessment, and the development of robust recovery strategies and plans. It is also noted that despite considerable research on IT DRP and BC, there are several research gaps that deserve attention. These include the development of advanced technologies and tools for more efficient recovery and continuity, the integration of IT DRP and BC with overall organizational risk management, the impact of emerging technologies such as cloud computing and virtualization on recovery strategies, and the evaluation of the effectiveness and cost-efficiency of different IT DRP and BC strategies.

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“…This collection of papers (Bhatnagar et al 2022;Gaviyau and Sibindi 2023;Jain et al 2023;Marano and Li 2023;Pantos 2023;Rupeika-Apoga and Wendt 2022;Varma et al 2022;Zampeta and Chondrokoukis 2022) offers valuable insights and analyses on different dimensions of risk within the digital transformation process. One paper (Pantos 2023) focuses on enhancing supervision and risk management practices by designing stress tests specifically tailored for fast-growing firms and fintech companies in the UK. Another paper (Marano and Li 2023) examines the regulations surrounding robo-advisors in insurance distribution, evaluating their effectiveness in ensuring ethical and responsible use of these technologies.…”

mentioning

confidence: 99%