Liability and Antifraud Investment in Fintech Retail Payment Services

Yoon, Kyoung‐Soo; Jun, Jooyong

doi:10.1111/coep.12281

Cited by 15 publications

(5 citation statements)

References 15 publications

(18 reference statements)

Supporting

Mentioning

Contrasting

Order By: Relevance

“…This is due to the truth that money laundering cases are carried out by utilizing banking service products, both funding products such as savings, current accounts, and deposits but also bank services in the form of transfers (Mira, 2014;Rechtman, 2020). It is recognized that banking's core business is collecting funds from customers in the form of deposits and then channeling loans to customers in credit or loans (J.R. Saroinsang, 2014;Yoon & Jun, 2019).…”

Section: Introductionmentioning

confidence: 99%

Paradox of White Collar Crime and Fraud in Banking: Critical Analysis of Agency Theory and Gone Theory

Shonhadji

2020

JAP

View full text Add to dashboard Cite

ABSTRACTThis study aims to criticize the causal relationship between agency theory and GONE theory with Habermas's radical humanist paradigm. Qualitative research methods and in-depth interviews with informants were used in this study. The results of the study inform that agents can be free from pragmatic agency theory through three forms of exemption. The first liberation proposed is to reduce one's greediness. The second release was carried out through an ethical and moral customer due diligence program. The liberation of the third form aims to reduce the rationality of economic relations that tend to prioritize the needs of individuals.ABSTRAKPenelitian ini bertujuan untuk mengkritisi hubungan kausalitas antara agency theory dan GONE theory dengan paradigma radical humanis Habermas. Metode penelitiaan kualitatif dan wawancara mendalam dengan informan digunakan dalam penelitian ini. Hasil penelitian menginformasikan bahwa agent dapat terbebaskan dari penerapan agency theory yang bersifat pragmatis melalui tiga bentuk pembebasan. Pembebasan pertama yang diusulkan adalah mereduksi sifat serakah pada diri seseorang. Pembebasan bentuk kedua dilakukan melalui program customer due diligence yang beretika dan bermoral. Pembebasan bentuk ketiga bertujuan untuk mereduksi adanya rasionalitas hubungan ekonomi yang cenderung mementingkan kebutuhan individu.

show abstract

Section: Introductionmentioning

confidence: 99%

Paradox of White Collar Crime and Fraud in Banking: Critical Analysis of Agency Theory and Gone Theory

Shonhadji

2020

JAP

View full text Add to dashboard Cite

show abstract

“…The disruptive nature of fintech has led to a transformation in business model innovations that has brought regulatory concerns worldwide, as stringent rules existing for incumbent financial institutions are not enough to deal with fintech complexities (Kumail Abbas Rizvi et al 2018). Several other published papers explaining this concern are (Adriana and Dhewantoa 2018;Arner et al 2017;Bruckner 2018;Das and Ali 2020;Golubić 2019;Gomber et al 2018;Lin 2019;Yoon and Jun 2019).…”

Section: Rq2: What Is the Significance Of Regulation In Fintech Innov...mentioning

confidence: 99%

Fintech Innovations in the Financial Service Industry

Mansurali

Ramakrishnan

Joghee

et al. 2022

JRFM

View full text Add to dashboard Cite

Digital transformation underscored by the fourth industrial revolution has led to the emergence of sophisticated technology-enabled financial services known as fintech, that has swiftly altered traditional financial services space. Global adoption of fintech is rapidly increasing due to its disruptive nature and is largely embraced by participants who are underserved by traditional financial service providers. Global investments in fintech are growing rapidly year by year owing to increased interconnectivity with the digital revolution. Fintech is expansive, engulfing a plethora of innovative applications in various services including payments, financing, asset management, insurance, etc. There exists a gap in the literature and visualization research on impact and future pathway of fintech innovations in payments and financial services and role of financial regulations. This study aims to enrich the understanding of fintech innovations in payments and financing and investigate the correlation and significance of regulatory framework in maintaining a fair ecosystem. With this objective, an extant systematic review was performed using research articles published in peer-reviewed journals for the period 2014–2022 when there has been a burgeoning of interest in ‘fintech’ globally. The findings of this study contribute to the theoretical constructs of fintech innovations in the financial services industry and show that such innovations play a crucial role in shaping the nature of future of business. The results of this study have implications for researchers who could deploy this research as a reference point to get a holistic insight and a detailed mapping of innovations in fintech.

show abstract

“…Chinnasamy et al, 7 Duque et al, 33 Warjiyono et al, 34 Mei et al, 43 Seara et al, 45 Caragea et al, 53 Selim, 58 Anagnostopoulos, 65 Ju ¨nger and Mietzner, 68 Boot et al, 81 Laidroo and Avarmaa, 89 Palladino, 90 Yao and Song, 95 Mention, 97 Panos and Wilson, 98 Yoon and Jun, 100 Das, 107 Awotunde et al, 112 4.…”

Section: Ai and Mlbased Modelsmentioning

confidence: 99%

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

Khan

Nazir

2022

Measurement and Control

View full text Add to dashboard Cite

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.

show abstract

Liability and Antifraud Investment in Fintech Retail Payment Services

Cited by 15 publications

References 15 publications

Paradox of White Collar Crime and Fraud in Banking: Critical Analysis of Agency Theory and Gone Theory

Paradox of White Collar Crime and Fraud in Banking: Critical Analysis of Agency Theory and Gone Theory

Fintech Innovations in the Financial Service Industry

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

Contact Info

Product

Resources

About