Financial literacy and responsible finance in the FinTech era: capabilities and challenges

Panos, Georgios A.; Wilson, John O. S.

doi:10.1080/1351847x.2020.1717569

Cited by 135 publications

(102 citation statements)

References 26 publications

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“…Informed financial decisions are a key factor for making effective financial choices. [12] This is necessary more than ever under the conditions of the world economic crisis caused by the Coronavirus pandemic.…”

Section: Essence Of the Going Concern Principle And Its Manifestationmentioning

confidence: 99%

Global Impact of COVID 19 on the Concept of “Going Concern”

Savova

2021

SHS Web of Conf.

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Research background: The article presents a problem in the field of financial reporting. “Going concern” is the basic concept and principle in the preparation of the financial statements of enterprises. Purpose of the article: The purpose of this article is to present the global impact of COVID 19 on the concept of “going concern”, which is used as a basis for the development of the financial statements of the companies. The essence of the “going concern” concept is clarified. The key factors provoking a crisis in the capital cycle of the enterprises and possible scenarios of manifestation of a “going concern” in conditions of uncertainty are presented. Methods: The research methodology is based on a systematic approach with appropriate methodological tools for analysis, generalization, and graphic visualization of the achieved results. Empiric research of the information on revenues, profitability, and net cash availability of non-financial enterprises - issuers on the Bulgarian Stock Exchange was conducted, based on published interim financial statements for the first quarter of 2020. Findings & Value added: The content of the research is useful for potential investors who are interested in non-financial companies - issuers on the Bulgarian Stock Exchange. It provides important knowledge into understanding the economic nature of the ‘going concern’ concept applied in the globalizing economy as a basis for preparing financial statements.

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Section: Essence Of the Going Concern Principle And Its Manifestationmentioning

confidence: 99%

Global Impact of COVID 19 on the Concept of “Going Concern”

Savova

2021

SHS Web of Conf.

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“…Using annual data for the period 2010 to 2017, GMM and Hansen's estimation techniques to uncover factors that influence financial inclusion, Nsiah et al, (2021), concludes that credit to private sector enhances financial inclusion. A growing body of research suggests that financial technology (FinTech) boosts financial inclusion (Panos & Wilson, 2020) and therefore FinTech is a key enabler of financial inclusion (Demir et al, 2020).…”

Section: Related Literaturementioning

confidence: 99%

Does the Quality of Institutions Matter for Financial Inclusion? Cross Country Evidence

Muriu¹

2021

IJEF

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Despite evidence on the importance of financial inclusion, little is known about the role of institutions in fostering inclusion partly because of data availability. Using annual data corresponding to 120 countries for the period 2004-2019, this study investigates country institutional characteristics associated with the ownership of deposit accounts. A standard regression model is estimated using fixed effects panel data techniques along with financial inclusion proxy and three measures of institutional quality. This paper provides the first empirical justification that financial inclusion is non-negligibly driven by the institutional context. Specifically, rule of law and quality of regulations are crucial in enhancing financial inclusiveness, more so in Africa where they have a stronger effect relative to other regions. Banks and depositors in Africa may be operating in an environment characterized by weak legal systems and excessive or challenging regulations. The evidence presented in this paper may therefore help with the sequencing of institutional reforms that could promote financial inclusion.

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“…The demand for skilled professionals with a broad range of skills in this field is increasing. This has resulted the educational institutions to offer needed by the rise of FinTech (Kuzmina-Merlino, & Saksonova, 2018).…”

Section: Theoretical Backgroundmentioning

confidence: 99%

“…Similarly, there are six FinTech business models: Insuretech (insurance services), payment, lending (microfinance), wealth management (personal financial management), capital markets, and crowdfunding (Lee, & Shin, 2018). Therefore, financial literacy is becoming an important factor in the well-being of adults (Panos, & Wilson, 2020).…”

Section: Introductionmentioning

confidence: 99%

Designing the guidelines for FinTech curriculum

Hudithi¹,

Siddiqui²

2021

JESI

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This paper aims to share the experiences of developing the FinTech (Finance Technology) curriculum at a leading business school in the Middle East. This research paper presents the findings on various methodological issues of curriculum design, i.e., degree naming convention, degree structure, dissertation versus project, specializations. The objective of the current study was to develop a postgraduate curriculum for FinTech studies. The entire procedure was based on the notion of "adoption" to "adaptation" originated by the benchmarking approach using a comparative account of 22 universities offering FinTech Masters. A multipronged approach was used to study the existing FinTech curriculum and suggests the gap in the existing curriculum. Eight major areas are identified as the pillars of FinTech education, including FinTech, Business and Data Analytics, Programming using Python and R, Blockchain and Cryptocurrency, Artificial Intelligence, and Machine Learning, Information Systems & Technology, Regulatory Environment (RegTech), Quantitative Methods, Finance and others. Researching on new and emerging topics is always tricky. It is difficult for even FinTech students and aspirants to evaluate the quality of FinTech qualifications. People from different streams of education would like to join FinTech studies, and there is no standardization of professional association certifying FinTech Curriculum.

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Financial literacy and responsible finance in the FinTech era: capabilities and challenges

Cited by 135 publications

References 26 publications

Global Impact of COVID 19 on the Concept of “Going Concern”

Global Impact of COVID 19 on the Concept of “Going Concern”

Does the Quality of Institutions Matter for Financial Inclusion? Cross Country Evidence

Designing the guidelines for FinTech curriculum

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