FinTech Start-Ups Financing in Islamic Banks in Oman: Qualitative Evidence

Echchabi, Abdelghani; Omar, Mohammed; Ayedh, Abdullah Mohammed; Sibanda, Welcome

doi:10.2991/aer.k.210121.045

Cited by 2 publications

(4 citation statements)

References 20 publications

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“…The fourth variable is situational influences of COVID-19 (β = 0.154; p < 0.01). This finding is consistent with those of Echchabi et al (2021); Rabaa'i ( 2021) and Zhao and Bacao (2021); therefore, hypothesis H5a is accepted. These four variables explain 64.1% of the change in customers' attitudes toward fintech (R 2 = 0.641), and the rest of the change in this variable is due to other factors not included in the model.…”

Section: Structural Modelsupporting

confidence: 89%

“…Additionally, social influence and trust have significant effects on perceived usefulness, and performance expectancy is influenced by effort expectancy and trust. Echchabi, Omar, Ayedh, and Sibanda (2021) assessed the situational effect of COVID-19 on the positive attitude toward the use of fintech. Before COVID-19, none of Oman's banks had fintech finance applications.…”

Section: Fintech Adoption During Covid-19 and The Research Gapmentioning

confidence: 99%

“…Zhao and Bacao (2021) indicated that users' perceptions will be positively influenced when technology's specific characteristics can benefit from the pandemic. Echchabi et al (2021) indicated that COVID-19 positively influenced the attitudes of Omani businesses, financial institutions, and citizens toward fintech.…”

Section: Situational Influences Of Covid-19 (Cvd)mentioning

confidence: 99%

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Factors affecting customers' adoption of fintech in the gulf cooperation council countries

Shehata

Abdeljawad

Mazouz

et al. 2023

5002

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This study examines the factors affecting customers' adoption of fintech in the Gulf Cooperation Council (GCC) countries. Based on fintech adoption models, a conceptual framework was developed and extended to include COVID-19 situational influences. Data were collected during the spread of COVID-19 and its subsequent variants. The sample comprises 484 customers who obtained financial services in the GCC countries. Hypotheses were tested using partial least squares structural equation modeling (PLS-SEM). The findings indicate that perceived usefulness, perceived ease of use, trust, and situational influences of COVID-19 have significantly affected customers' attitudes toward the use of fintech. Furthermore, such attitudes had a significant effect on customers’ intentions to use fintech. The findings also indicate that both perceived usefulness and the situational influences of COVID-19 have had significant direct and indirect effects on customers’ intentions to use fintech. Social influences have only directly affected customers’ intentions to use fintech, both perceived ease of use and trust have only indirectly affected the customers’ intentions to use fintech. Conversely, the findings show that social influence does not affect customers’ attitudes towards using fintech. This study provides several recommendations to financial institutions in the GCC Countries.

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Section: Structural Modelsupporting

confidence: 89%

Section: Fintech Adoption During Covid-19 and The Research Gapmentioning

confidence: 99%

Section: Situational Influences Of Covid-19 (Cvd)mentioning

confidence: 99%

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Factors affecting customers' adoption of fintech in the gulf cooperation council countries

Shehata

Abdeljawad

Mazouz

et al. 2023

5002

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“…FinTech has added value to the financial and credit sector worldwide (Echchabi & Sibanda, 2021). Taking advantage of new technologies and data sources from various fields such as electronic wallet transactions, payment systems, and financing platforms contributes to facilitating access to credit to achieve financial inclusion.…”

Section: Fintechmentioning

confidence: 99%

Customer Usage Behavior of FinTech Products in Sultanate of Oman

Rubaiai¹,

Pria²

2022

Int. j. res. entrep. bus. stud.

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Purpose: The objective of this research paper is to analyze the constructs behind the FinTech usage behavior and which factors contribute to the new financial technologies and to what extent demographic profiles affect FinTech adoption in Oman and analyze the factors that contribute to new business models of financial institutions from the adoption of convergent technologies in FinTech. Design/methodology/approach: This paper provides a comprehensive literature review focused on scholarly and practitioner experiences with FinTech practices in an Omani institutional environment. A total of 250 questionnaires were collected in Oman. The study was carried out using descriptive statistics and regression analysis. Findings: There is a positive and significant relationship between all the variables – Performance Expectancy, Effort Expectancy, Social Influence, Facilitating Conditions, Hedonic Motivation, Habit, Perceived risk, and Trust have a positive and significant relationship with Behavioural Intention to adopt FinTech. Social Influence posited the strongest influence on the customers in the form of societal pressures to adopt change, followed by Effort Expectancy wherein there is no need for the financial knowledge of the process of the new system towards carrying out banking transactions. Research limitations/implications: It was recommended that the finding of the study should be introduced so that the stakeholders of FinTech products can enrich the consumer intention in adopting FinTech. Social Implications: The study helps in making proper decision-making towards ease of banking transactions. The study also will help the retail managers in to improve the process so that the customer accepts such financial technologies. Originality / Value: This paper is the first study of its kind to report the status of FinTech adoption in Oman. Keywords: FinTech, Technology Acceptance Model, Unified Theory of Acceptance and Use of Technology, Usage of Fintech, Intention to use FinTech.

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FinTech Start-Ups Financing in Islamic Banks in Oman: Qualitative Evidence

Cited by 2 publications

References 20 publications

Factors affecting customers' adoption of fintech in the gulf cooperation council countries

Factors affecting customers' adoption of fintech in the gulf cooperation council countries

Customer Usage Behavior of FinTech Products in Sultanate of Oman

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