Fintech in India – Opportunities and Challenges

“… Increase in digital money value like crypto currency, bitcoins and etc.  Modernisation will lead to increase in customers, provide better services in less time (Vijai, 2019)…”

mentioning

confidence: 99%

Impact of COVID-19 On Fintech Industry

Nair

Veeragandham

Pamnani

et al. 2021

IJRESM

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“…Since Fintech is driven by innovation, a new type of financial technology emerges constantly. Vijai (2019), in the study on Fintech usage in India, found that the integration of new technologies such as blockchain and cryptocurrency is still in a niche stage. Similarly, blockchain technology comprises only 7% of Fintech players (Fintech News Malaysia, 2019).…”

Section: Technology Integrationmentioning

confidence: 99%

“…In Malaysia, where Islamic Fintech is prevalent, there is a demand for specialists in sharia-compliant finance (Jamil & Abu Seman, 2019). Studies indicate that the Fintech industry facing challenges regarding the lack of competent skills among employees, particularly in developing countries such as India, Thailand, and Malaysia (Kijkasiwat, 2021;Mei et al, 2018;Vijai, 2019).…”

Section: Lack Of Skill and Knowledgementioning

confidence: 99%

A Flourishing Fintech Ecosystem: Conceptualization and Governing Issues in Malaysia

Urus

Mohamed

2021

BER

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Transforming business transactions from the old "bricks and mortar" physical transaction to "click and order" via digital devices gave birth to financial technology or Fintech. Fintech has arguably democratized financial services, allowing non-traditional firms to enter the space. Fintech refers to digital technologies that integrate various forms of technology, including Blockchain, Robo-advisors, Crowdfunding, Big Data, Peer-to-peer (P2P) lending and intelligent investment consulting in the financial sector. Nonetheless, the Fintech research topic in developing countries like Malaysia is still at the nascent stage. The previous literature has recognized the Fintech evolvement, features, and effect but has not yet provided a comprehensive conceptualization and manifestation. The governing issues of Fintech are also still worth further investigation. Based on the fintech literature review, this paper explores the Fintech conceptualization and its governing issues in-depth. The study will contribute to understanding Fintech, its manifestation, and how Fintech evolves. This concept paper also shed some light on Fintech research areas by identifying the governing issues surrounding Fintech implementation. From the practical perspective, the contribution is a recommendation on how the Fintech application could be utilized optimally by the Fintech companies that would positively impact the Malaysia ecosystem and contribute to the national agenda.

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“…But, it is also specific sectors such as retail banking, lending and financing, payments and transfers, wealth and asset management, markets and exchanges, insurance, and blockchain transactions, to name a few. On the other hand, Vijai, (2019) contends that the term -FinTech was first coined by a New York banker in 1972.…”

Section: Introductionmentioning

confidence: 99%

A Fintech-Backed Effective Mosque-Funds Mobilization and Collection Framework in Uganda

Hamzah¹,

Haji-Othman

Cheumar

2023

ITQAN

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This paper's purpose is to explore the role financial technology (FinTech) plays in the effective finance mobilization and management in Mosques in Uganda. This paper looks into the concept of FinTech, its evolution, operation in Uganda and goes further to propose an effective framework through which it can contribution to the effective Mosque funds mobilization and management in Uganda. Financial technology, also known as FinTech, is sub-domain of information technology that is often used to underscore new technological systems that automate, speed up and effectively deliver transactions and financial information through specialized software and hardware built for specific purposes. This qualitative research aims to propose an effective FinTech-backed framework through which mosques can achieve higher funds (Zakat, Sadaqa etc.) collection margins as compared to the traditional methods.

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Fintech in India – Opportunities and Challenges

Cited by 11 publications

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Impact of COVID-19 On Fintech Industry

Impact of COVID-19 On Fintech Industry

A Flourishing Fintech Ecosystem: Conceptualization and Governing Issues in Malaysia

A Fintech-Backed Effective Mosque-Funds Mobilization and Collection Framework in Uganda

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