Does financial technology matter? Evidence from an alternative banking system

Almulla, Dur; Aljughaiman, Abdullah A.

doi:10.1080/23322039.2021.1934978

Cited by 28 publications

(32 citation statements)

References 40 publications

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“…Moreover, this study also describes several challenges in Islamic FinTech's development, including weak regulation, inefficient permit procedures, and a higher rate of illegal FinTech practices. Another study Almulla and Aljughaiman (2021) documented that the massive growth of FinTech firms negatively affects conventional and Islamic banks' performance, measured by the declining ROA and ROE rates. These studies' findings illustrate the possibility of financial institutions shifting from banking to FinTech firms, highlighting disruptive technology's negative impact on traditional financial institutions.…”

Section: Content Analysis Of Islamic Fintech Publicationsmentioning

confidence: 99%

“…Thus, the finding does not represent other countries. (Almulla and Aljughaiman, 2021) This paper examines the impact of FinTech firms and services on Islamic and conventional banks' performance.…”

Section: Sem Approachmentioning

confidence: 99%

“…A comparative study on banking performance that providing and not providing FinTech services. (Almulla and Aljughaiman, 2021) 3.…”

Section: Research Streammentioning

confidence: 99%

See 2 more Smart Citations

Fintech in islamic finance literature: A review

Alshater

Saba²,

Supriani³

et al. 2022

Heliyon

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Section: Content Analysis Of Islamic Fintech Publicationsmentioning

confidence: 99%

Section: Sem Approachmentioning

confidence: 99%

See 1 more Smart Citation

Fintech in islamic finance literature: A review

Alshater

Saba²,

Supriani³

et al. 2022

Heliyon

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“…(6) Other challenges 1. The link between Islamic FinTech and the Islamic banks performance (Almulla & Aljughaiman, 2021). 2.…”

Section: Challenge Issuesmentioning

confidence: 99%

Business trends & challenges in Islamic FinTech: A systematic literature review

Dawood

Zadjali²,

Rawahi

et al. 2022

F1000Res

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Background: This systematic literature review (SLR) study is on Islamic financial technology (FinTech) business trends and challenges. It follows the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) checklist. This research identifies the gaps in Islamic FinTech, which require further studies. Moreover, it highlights the issues raised during the coronavirus disease 2019 (COVID-19) pandemic. Methods: This study is based on the FinTech business model (BM) classifications by Lee & Shin and Imerman & Fabozzi. Furthermore, the set of challenges used in this study are adopted from research by Lee & Shin and Li & Xu. The Scopus database was used to collect data using nine keywords. Articles and review papers published between 2016 and 2022 were included. Studies that were not published in English, and those with no ranking journals were excluded. The results were presented using bibliometric analysis. Results: The results showed 36 articles discussing Islamic FinTech business trends and challenges, and most of these studies are conducted on FinTech crowdfunding vertical BM. By contrast, the most dominant horizontal BMs are FinTech regulation and FinTech funding BMs. The top challenge found in this study is the regulation management challenges. Moreover, there are remarkable dominating articles and reviews published in 2020 and 2021 discussing COVID-19. Conclusions: This study concluded that many horizontal BMs were not covered in Islamic FinTech, especially horizontal technology BMs. Investment, property and insurance BMs are examples of unavailable articles. Islamic FinTech is considered a promising field due to the size of the opportunities it presents, the available capital, and the great demand for banking and financial products that comply with the Sharia. This study will help the Islamic FinTech industry grow and predict the demand, and provide an alternative to conventional banking FinTech and further boost the technology progress in the financial industry.

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“…Fintech menyediakan berbagai solusi finansial khususnya untuk skala UMKM yang ingin berkembang. Pendapat berbeda dinyatakan oleh Sudaryanti et al (2018) yaitu penggunaan fintech berpengaruh negatif terhadap ROA yang merupakan salah satu rasio pengukuran kinerja keuangan., dan Almulla & Aljughaiman (2021) menyatakan bahwa layanan fintech berpengaruh negatif dan tidak signifikan terhadap kinerja keuangan.…”

Section: Literatur Review Dan Pengembangan Hipotesisunclassified

Pengaruh Fintech Terhadap Kinerja Keuangan Umkm Dengan Literasi Keuangan Sebagai Variabel Moderasi

Astari

Candraningrat²

2022

mssb

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This study aims to examine the role of financial literacy in moderating the effect of fintech to financial performance. Quantitaive approach and primary data are used in this research. The primary data is obtained from questionare. The sampling method is quota sampling. Sample consist of 60 Balinese Culinary SMEs in Sarbagita area which then divided into 15 samples for each area such as Denpasar, Badung, Gianyar and Tabanan. Furthermore, data is analyzed using multivariate analysis named SEM PLS. The result shows that fintech has a positif and significant effect to financial performace. Another result shows that financial literacy can moderate (strengthen) the positif effect of fintech to financial performance. These results support the planned behavior and financial innovation theory. SMEs owners with high financial literacy rate can optimaly use the effectiveness of fintech in order to increase their financial performance

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Does financial technology matter? Evidence from an alternative banking system

Cited by 28 publications

References 40 publications

Fintech in islamic finance literature: A review

Fintech in islamic finance literature: A review

Business trends & challenges in Islamic FinTech: A systematic literature review

Pengaruh Fintech Terhadap Kinerja Keuangan Umkm Dengan Literasi Keuangan Sebagai Variabel Moderasi

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