Fintech Adoption Choices of Small Businesses: A Technology Organization Environment (TOE) Framework study

Varma, Ashish

doi:10.5430/afr.v8n2p86

Cited by 6 publications

(7 citation statements)

References 24 publications

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“…MSMEs need information solutions and implementation that are in accordance with their size and needs in improving their performance to have high competitiveness (Issa, Lucke and Bauernhansl, 2017). According to Varma (2019), adopting financial technology is a financial solution carried out by technology such as the use of digital payments, mobile banking, internet banking, and others. Research conducted by Varma (2019) stated significant relevance for understanding the adoption of financial technology in MSMEs, especially in developing countries like India.…”

Section: Financial Technologymentioning

confidence: 99%

“…Research conducted by Varma (2019) stated significant relevance for understanding the adoption of financial technology in MSMEs, especially in developing countries like India. Research conducted by Varma (2019) found that aspects of technology-organization-environment (TOE) are related to the adoption of financial technology. The results of the study revealed that perceived direct benefits have a positive and significant impact on the adoption of MSME financial technology in India.…”

Section: Financial Technologymentioning

confidence: 99%

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Evaluation of the Effect of Financial Technology Through Business Sustainability Practices on the Performance of MSMEs in Karawang Regency

Sari,

Azzahrha,

Nuravianti

et al. 2023

Proceedings of the International Conference on Industrial Engineering and Operations Management

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Digitalization is vital in today's industries, yet it brings the risk of unemployment due to decreased jobs. Indonesia counters this via the Indonesia 4.0 roadmap, boosting micro-enterprises, and encouraging tech-related investments. MSMEs are still faced a problem about financing which results in them not being able to develop innovations to increase production due to the very limited use of technology. On the other hand, financial technology (fintech) was growing rapidly in the 2017-2021 period. However, 74% of MSMEs did not yet have access to finance, indicating a discrepancy between the use of fintech in Indonesia and the understanding of society, especially MSMEs, regarding financial inclusion. In fact, financial inclusion has a direct and significant positive effect on business sustainability practices on MSME performance. Business continuity practices are carried out by identifying and supporting the factors that motivate MSMEs in economic growth. This study aims to evaluate the effect of financial technology innovation through business continuity practices on the performance of MSMEs in Karawang Regency using the nonprobability sampling method with convenience sampling technique on 100 MSME respondents using the SEM-PLS method. The results showed that environment affects business continuity and perceived industry pressure but does not affect the use of fintech and perceived government; organization affects business sustainability but does not affect the use of fintech; technology affects perceived direct and perceived indirect but does not affect the use of fintech; and MSME performance is only influenced by the use of fintech and is not affected by business sustainability.

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Section: Financial Technologymentioning

confidence: 99%

Section: Financial Technologymentioning

confidence: 99%

Evaluation of the Effect of Financial Technology Through Business Sustainability Practices on the Performance of MSMEs in Karawang Regency

Sari,

Azzahrha,

Nuravianti

et al. 2023

Proceedings of the International Conference on Industrial Engineering and Operations Management

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“…Varma 37) 2019 Fintech SME Perceived benefit is one of the determinants of the fintech adoption of Indian SMEs. Cost is not a determinant factor for fintech adoption.…”

Section: Individualmentioning

confidence: 99%

“…Data quality and integration, top management support, competitive pressure, and technology competence influence the adoption of CRM. Varma 37 identified that the benefits of Fintech significantly affected fintech adoption. Xieet al, 60) explored how individuals and organizations considered monetary costs when adopting recent technology.…”

Section: Disruptive Innovationsmentioning

confidence: 99%

Will Digital Revolution be Disruptive for the Inclusive Finance in Bangladesh? The Case of the Microfinance Industry

Uddin¹,

Barai²

2022

Evergreen

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Large and small microfinance institutions or MFIs represent the face of Bangladesh's inclusive finance sector. They continue to play a significant part in providing the poor with access to financing that supports their economic improvement. But the digital revolution in the overall financial sector through Fintech and mobile banking has posed a significant challenge to the survival of the smaller MFIs in the industry, though several major players like BRAC, Grameen Bank, and ASA have incorporated both mobile banking and Fintech into their financial operations. This research aims to determine whether the introduction of mobile banking has proven to be a disruptive innovation and whether they would benefit from incorporating mobile banking and Fintech into their financial operations. The study finds that most small participants in the microfinance market already find that mobile banking is disruptive innovation. Although they would benefit from implementing Fintech and mobile banking into their business operations, they are severely constrained by the costs and human resource requirements. This paper proposes the consolidation of the financial activities of smaller MFIs through mergers to mitigate the threat of mobile banking and Fintech.

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“…This second component is associated with the economy, that is, it is dedicated to examining the economic aspects and the statistical and management processes that allow an organisation to obtain economic and operational improvements. It includes terms such as cost-benefit analysis, capital financing and capital expenditures [126,127]. Cluster 3 is made up of 16.56% of the keywords and is headed by "Technology Transfer" (occurrences: 124, total link strength: 885).…”

Section: Analysis Of Abstractmentioning

confidence: 99%

Financial Technology: Review of Trends, Approaches and Management

et al. 2020

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Technological innovation and digitization have posed a challenge to the financial sector globally. Fintech is the term used to designate the application of new technologies to financial services. The aim of the study is to analyse this research subject worldwide during the period 1975–2019. To this end, bibliometric techniques were applied to 2012 articles, obtaining findings of the productivity of scientific research, of the main thematic axes and their evolution. Scientific activity increased, mainly in the past decade, with 45% of publications. The main thematic areas were Business, Management and Accounting, Engineering, Social Sciences and Computer Science. Seven research lines were identified, aimed at analysing the aspects financial, economic, technology transfer, investment, innovation, partnerships and institutions and commercial. Future research lines should develop analyses on banking, financial services trade, territorial development, legal, management, research methodologies and the sustainability of financial technologies. It was verified that there is a growing and dynamic interest in scientific activity on financial technologies at an international level. The findings obtained are a complement to the knowledge of financial technologies and allow the relationship between science and technology to be established, and to inform the decision-making process.

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Fintech Adoption Choices of Small Businesses: A Technology Organization Environment (TOE) Framework study

Cited by 6 publications

References 24 publications

Evaluation of the Effect of Financial Technology Through Business Sustainability Practices on the Performance of MSMEs in Karawang Regency

Evaluation of the Effect of Financial Technology Through Business Sustainability Practices on the Performance of MSMEs in Karawang Regency

Will Digital Revolution be Disruptive for the Inclusive Finance in Bangladesh? The Case of the Microfinance Industry

Financial Technology: Review of Trends, Approaches and Management

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