New technologies and diffusion of innovative financial products: Evidence on exchange-traded funds in selected emerging and developed economies

Marszk, Adam; Lechman, Ewa

doi:10.1016/j.jmacro.2018.10.001

Cited by 22 publications

(14 citation statements)

References 60 publications

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“…Technology and automation have become important parts of the financial services market worldwide (Dubai Islamic Economy Development Centre, 2018). Marszk and Lechman (2018) state that, today, information and communications (ICTs) have a significant impact in shaping the economic and social environment. Aaron et al (2017) define FinTech as an application of digital technology for financial intermediation problems.…”

Section: Introductionmentioning

confidence: 99%

Factors determining behavioral intentions to use Islamic financial technology

Darmansyah¹,

Fianto²,

Hendratmi³

et al. 2020

JIMA

108

110

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Purpose The purpose of this paper is to investigate the influential factors on behavioral intentions toward Islamic financial technology (FinTech) use in Indonesia, for all types of FinTech services as follows: payments, peer to peer lending and crowdfunding. Design/methodology/approach This study adopted structural equation modeling using the partial least squares approach to test the hypotheses. Based on purposive sampling, the questionnaire was distributed through an online survey and received 1,262 responses. Findings The results demonstrate that the latent variables, planned behavior, acceptance model and use of technology, have a significant impact on encouraging behavioral intentions to use Islamic FinTech. The “acceptance model” latent variable is the most influential factor. Research limitations/implications This study was conducted only in Indonesia; therefore, the results cannot be generalized to other countries. However, the study provides important strategic guidelines for policymakers in designing a framework to enhance the development of Islamic FinTech and to achieve financial inclusion. It is suggested that future studies include samples from FinTech users in different countries. Originality/value This study adds to the literature especially on the factors affecting behavioral intentions to use Islamic FinTech. There are limited studies concerning this topic, especially for Indonesia. The unique feature of this study is the use of a large primary data set that covers most provinces in Indonesia. Furthermore, this study focuses on three types of Islamic FinTech, namely, payments, peer to peer lending and crowdfunding.

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Section: Introductionmentioning

confidence: 99%

Factors determining behavioral intentions to use Islamic financial technology

Darmansyah¹,

Fianto²,

Hendratmi³

et al. 2020

JIMA

108

110

View full text Add to dashboard Cite

show abstract

“…Global transaction value is projected to reach $ 7,971,957 million by 2022 with annual growth 17% (KPMG, 2019). Marszk and Lechman (2018) concluded that the information and communication affect economic and social conditions today matter of urgency. Fintech plays important role as medium to support everyday operations of society and world, so a new age of financial services for banks is born as Fintech is emerging (Milian, Spinola, & Carvalho, 2019).…”

Section: Introductionmentioning

confidence: 99%

Emergence of Financial Technology in Islamic Banking Industry and Its Influence on Bank Performance in Covid-19 Scenario: A Case of Developing Economy

Ahmad

Sohail

Hussain³

2021

GUJR

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Technological intervention and financial innovation are an essential element for the banking sector especially in post-Covid 19 scenario. Islamic banking industry has also no exception and Islamic banks could attain institutional objectives over financial technology. The motivation behind research is to investigate emergence of financial technology in Islamic Banking Industry and its Influence on Bank Performance. The population of the study consists of Islamic banks and windows of Islamic banks operating in Pakistan. The sample size consists of four Islamic banks, five Islamic windows of conventional banks, and State bank of Pakistan. Purposive sampling technique was used by researcher. Semi-structured interviews were conducted and NVIVO software was used for data analysis. Findings indicate that technologies used by different banks to serve the customer are blockchain, mobile banking, customer relations management, cyber security, cloud banking, and fintech start-up. Reaction and response of the Islamic finance industry to the rise of financial technology and its impact on Pakistan is obvious.

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“…Exchange-traded funds (ETFs) are one of the fastest growing categories of innovative financial products that have been introduced to many financial markets in both developing and developed countries. Among the many factors that potentially affect the spread of ETFs, the following stand out: stock market turnover, financial development and financial markets [8] Over the past two decades, a growing presence of foreign banks has been observed in a number of emerging market and developing economies (EMDEs) taking financial liberalization measures. The presence of foreign banks helps to ease the credit constraints of companies, and firms with audited financial statements experience a decrease in credit constraints [9].…”

Section: Introductionmentioning

confidence: 99%

Modeling the coherence of the financial system and economy of Russia

et al. 2021

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The article assesses the coherence of the financial system and economy of Russia, and also reveals the uncertainties in interrelation between the flow of finance and economic activity. The work reveals the possibilities of ensuring preservation of the form and content of economic system in the process of creating and using monetary funds. An analysis of the actual change of pace in the growth rate of finances and economic activity was carried out to eliminate the uncertainty of interrelation between the flow of finance and economic activity. In the result of the analysis, it was revealed that financial and economic measures are resorted to in order to eliminate uncertainty, and thereby, to ensure the preservation of coherence of the financial system of the modern Russian economy. Financial measures include an increase in gold reserves and monetary base; economic measures include an increase in the production of crude oil and natural gas and petroleum (associated) gas, extraction and dressing of iron ores. As a result of modeling the dynamics of the financial and economic systems with application of the modified Cobb-Douglas formula it is revealed that the financial system actively follows the dynamics of the economic system and there is sufficient compensating reaction of the former.Coherence of the Russian financial system and economy determines the capability and ability to maintain the form and content of the Russian economy with the help of finance. Elimination of the uncertainty of interrelation between the flow of finance and economic activity is confirmed by active following of the Russian financial system in path of the economic system dynamics and compensating reaction of the financial system.

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New technologies and diffusion of innovative financial products: Evidence on exchange-traded funds in selected emerging and developed economies

Cited by 22 publications

References 60 publications

Factors determining behavioral intentions to use Islamic financial technology

Factors determining behavioral intentions to use Islamic financial technology

Emergence of Financial Technology in Islamic Banking Industry and Its Influence on Bank Performance in Covid-19 Scenario: A Case of Developing Economy

Modeling the coherence of the financial system and economy of Russia

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