Fintech Growth Impact on Govemment Banking Business Model: Case Study of Bank XYZ

Rangkuti, Rizki Perdana; Amrullah, Muhammad; Hafidz, Januar; Rahman, Akbar; Kaunang, Cristin Purnama Sari; Shihab, Muhammad Rifki; Ranti, Benny

doi:10.1109/icoict49345.2020.9166227

Cited by 4 publications

(7 citation statements)

References 1 publication

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“…The first cluster (in red) is identified by the keywords “big data,” “business modeling,” “commerce,” “commercial bank,” “competition,” “costs,” “electronic commerce,” “financial innovation,” “financial markets,” “fintech,” “investments” and “peer to peer networks.” This cluster represents the field of research relating to studies on the impact of Fintech on business models of traditional banks (e.g. Acar and Çıtak, 2019; Rangkuti et al. , 2020; Zhang and Zhuang, 2020).…”

Section: Resultsmentioning

confidence: 99%

“…The dimension (b) deals with articles that examined the banking sector transformation stimulated by market penetration of the Fintech paradigm. Rangkuti et al. (2020) identified the IT impacts on the business model change of a specific bank.…”

Section: Resultsmentioning

confidence: 99%

“…This cluster represents the field of research relating to studies on the impact of Fintech on business models of traditional banks (e.g. Acar and Çıtak, 2019;Rangkuti et al, 2020;Zhang and Zhuang, 2020). Furthermore, this cluster analyzes how big data technology can be used to acquire customer information for optimizing the service offering and enhance the market positioning (e.g.…”

Section: Abstract Analysismentioning

confidence: 99%

“…The dimension (b) deals with articles that examined the banking sector transformation stimulated by market penetration of the Fintech paradigm. Rangkuti et al (2020) identified the IT impacts on the business model change of a specific bank. Klioutchnikov et al (2019) examined the role of big data in developing the banking business model, discovering a link between the "financialization" of the economy and the increase of information flows in the banking sector.…”

Section: Fintech and Digital Bankingmentioning

confidence: 99%

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Investigating the role of Fintech in the banking industry: what do we know?

Elia

Stefanelli

Ferilli

2022

EJIM

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PurposeIn recent years, the penetration of digital technologies in the financial industry determined the arising of Fintech, which generated a dynamic and rapid change that business operators and supervisory authorities in the banking industry are struggling to follow it. This is especially due to issues affecting financial intermediaries and customers, and potential risks of stability of the financial system. The aim of this paper is to provide a review of Fintech in the banking industry thus to update the knowledge about technology innovation in the banking sector, identify the major trends in the domain and delineate future research directions.Design/methodology/approachThe study reviews 377 articles indexed on Scopus from 2014 to 2021 that focus on Fintech and the banking industry. The methodology adopted is structured in two steps: the keywords selection and the analysis of the documents extracted. The first step identified “Fintech” and “bank” as keywords to be searched within the title, abstract or keywords of documents indexed on Scopus; whereas the second step combined R and VOSviewer to provide a descriptive analysis of the dataset and the analysis of keywords and occurrences, respectively.FindingsResults achieved in the study allow providing a systemic view of the Fintech in the banking industry, including the emergent phenomenon of digital banking. In particular, it is provided with a general overview and descriptive information on the entire sample of documents analyzed, their authors, the keywords used and the most cited works. Besides, a deepening on the model of digital banking is provided, by delineating the six dimensions of the key effects generated by the digital bank model.Originality/valueTwo main elements of originality characterize this study. The first one is related to the fact that few review studies have been published on Fintech in the banking industry, and the second one concerns the multiple dimensions of the impact of Fintech in the banking sector, which includes customer, company, bank, regulation authority and society.

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Section: Resultsmentioning

confidence: 99%

Section: Resultsmentioning

confidence: 99%

Section: Abstract Analysismentioning

confidence: 99%

Section: Fintech and Digital Bankingmentioning

confidence: 99%

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Investigating the role of Fintech in the banking industry: what do we know?

Elia

Stefanelli

Ferilli

2022

EJIM

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“…Belouafi, 6 Bashayreh and Wadi, 8 Banna et al, 17 Muthukannan et al, 31 Mehrotra, 32 Chen, 36 Kalra, 48 Arora and Kaur, 51 Rangkuti et al, 56 Chen et al, 71 Leong et al, 76 Friedline et al, 88 Bu et al, 96 Zhang et al, 103 Flo ¨gel and Beckamp, 106 Yao and Song, 108 Mohamed et al, 114 Anand and Mantrala 115 5.…”

Section: Case Studiesmentioning

confidence: 99%

Utilizing the collective wisdom of fintech in the gcc region: A systematic mapping approach

Khan

Nazir

2022

Measurement and Control

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Globally, with the maturity of information technology, society is now in the information age, magnifying the significance of integrating innovative applications in different financial and other regulatory arenas. The emergence of financial technology (FinTech) based applications has transformed the traditional banking and regulatory systems and enhanced customer satisfaction by providing a balanced environment for protecting its customers from risky behavior or other potential disruptions. Besides these critical applications of FinTech in the financial industry, it is not developed in the Gulf Cooperation Council (GCC) region as in China, United States, and other developed countries. In order to bridge the gaps in the extant by identifying the critical factors involved, this research work presents a systematic analysis of the available literature reported during the period ranging from 2016 to 2021. This systematic mapping of the extant was performed by selecting five different research questions. The key objectives of this systematic research work are, (1) To identify the barriers that restrict the rise of FinTech in the GCC region, (2) Analyze the behavior of different communities regarding the adaptation of FinTech by evaluating the case studies reported, (3) the impacts of FinTech on different communities in the GCC region. (4) The findings of this research work will not only help the state development bodies by encouraging its stakeholders to use FinTech-driven applications in banking, markets, etc. but it will also help the people in maintaining long-term connection with the Ministries of Foreign Affairs, the Dutch regulators, Economic Affairs, the Dutch Central Bank (DNB), as well as with the Authority on Financial Markets (AFM), and (5) this study work will present new research directions for the research community to explore in the near future.

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