Readiness to the FinTech Industry in Developing Countries

Tidjani, Chemseddine

doi:10.1007/978-3-030-29371-0_28

Cited by 3 publications

(3 citation statements)

References 14 publications

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“…It refers to innovative financial solutions through technology (that creates new business models, processes, or products), addressing challenges like high transaction costs and limited banking access. FinTech, fostering financial inclusion, is reshaping the financial landscape, and contributing to sustainable economic progress (22,(38)(39). Moreover, FinTech holds promise as an enabler for addressing climate change by promoting financial inclusion and reducing energy consumption [ (40) as cited by (41, 42)].…”

Section: Introductionmentioning

confidence: 99%

Fintech, financial inclusion, and sustainable development in the African region

Tidjani,

Madouri

2024

Front. Appl. Math. Stat.

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In this study, we explore the nexus between sustainable development and finance, with a specific focus on the African region–a critical yet underexplored context in the existing literature. Against the backdrop of evolving challenges in financial inclusion, improved access, and the growing prevalence of financial technology (FinTech), we aim to fill a research gap by investigating the connection between FinTech, financial inclusion, and sustainable development. The empirical exploration spans 25 African countries from 2011 to 2019, employing econometric methods such as dynamic panel (SGMM two-steps) and static panel (OLS, FE, LSDV). Utilizing key indicators like Adjusted Net Savings (ANS) and Gross Saving rate (GS), our findings reveal a substantial positive impact of financial inclusion and FinTech on sustainable development. However, an intriguing discovery emerges as the interaction between these variables exhibits a weak negative and significant effect. As a unique contribution to the existing literature, we estimate marginal effects at various levels of FinTech and financial inclusion on sustainable development. Beyond insights, our study offers vital policy recommendations, emphasizing the necessity for improved collaboration among financial service providers to avoid redundancy. Furthermore, we highlight the critical need to expand financial infrastructure, advocate for FinTech promotion, and foster inter-African cooperation.

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Section: Introductionmentioning

confidence: 99%

Fintech, financial inclusion, and sustainable development in the African region

Tidjani,

Madouri

2024

Front. Appl. Math. Stat.

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“…Economic and financial crises are most often considered to be a major setback for developed and developing nations alike because it erodes significant gains made at economic growth and development. The 2008–2009 global economic and financial and, recently, the 2016 global slow growth heralded the restriction of major sources of internal and external finance needed to augment investment and boost growth, particularly for developing nations (Hinson et al , 2019; Tidjani, 2020). Nevertheless, these unfavourable economic conditions present opportunities of disruptive natures to help developed and emerging economies create economic shock absorbers in two key areas.…”

Section: Introductionmentioning

confidence: 99%

Disruptive financial innovations: the case of Nigerian micro-entrepreneurs

Adeosun

Shittu

Ugbede

2021

JBSED

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PurposeDespite the noticeable consequences of disruptive financial innovations, access to finance remains a major factor inhibiting the sustainable-growth potentials of young micro-entrepreneurs in informal settings. This study examines the determinants of financing options among micro-entrepreneurs in informal settings. Specifically, the study seeks to establish whether credit history, income, asset, gender, awareness and network capability have effects on formal and informal financing options among micro-entrepreneurs in informal settings.Design/methodology/approachThis article uses the survey research design and administers a structured questionnaire among 300 purposively selected micro-entrepreneurs within the University of Lagos, Nigeria. Only 291 completed questionnaires are retrieved. This article also uses the multiple regression analysis to estimate the empirical model and test the research hypotheses respectively.FindingsThis article establishes that: (1) credit history and assets-based financing are significant determinants of formal financing options among young micro-entrepreneurs in informal settings, (2) gender and network capability are significant determinants of informal financing options among young micro-entrepreneurs in informal settings and (3) awareness is significant of both formal and informal financing options among young micro-entrepreneurs in informal settings.Originality/valueThis article examines the determinants of financing option among young micro-entrepreneurs in informal settings. Specifically, the study seeks to establish whether credit history income asset gender awareness and network capability have effects on formal and informal financing options among micro-entrepreneurs in informal settings.

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“…While the United States still dominates, Europe and Asia now attract about half of the investment flows in the FinTech industry (Leong & Sung, 2018). FinTech investments are also becoming increasingly important in developing countries in the aftermath of the global financial crisis such as India, Argentina, Singapore and Hong-Kong (Haddad & Hornuf, 2019;Tidjani, 2021). Even though the invested amounts are small relative to the sizes of the economies (e.g., United States, Europe), the upside potential and growth prospects of the successful start-ups are tremendous.…”

Section: Introductionmentioning

confidence: 99%

The environmental consequences of blockchain technology: A Bayesian quantile cointegration analysis for Bitcoin

Polemis

Tsionas

2021

Int. J Fin Econ

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During recent years, there is a widespread belief among researchers and academicians that the Bitcoin usage is imposing an additional burden on the environment inducing climate change.Although several studies have focused on issues related to the energy consumption of the basic cryptocurrencies, an open question remains regarding the environmental depiction of the Bitcoin. By resorting to Bayesian analysis and quantile cointegrated vector autoregression (CQVAR) model techniques, this study seeks to disentangle the driving forces that shape the carbon footprint of the Bitcoin. The sample used in the empirical analysis consists of a daily panel dataset covering 51 developing and developed countries over the years 2016-2018. The empirical findings corroborate a causal effect between the use of the Bitcoin and its underlying carbon dioxide emissions generated by the increasing energy load. The Bayesian CQVAR is associated with positive marginal posterior means for most of the covariates of the model across all the estimated quantiles. In contrast, there is a negative and statistically significant relationship between Bitcoin miner's revenue and carbon emissions, uncovering a multimodal distribution pattern of the marginal posterior densities which is stronger at higher than in lower quantiles. This finding, suggests that the lower (higher) miner's Bitcoin revenues the more abrupt (gradual) the effect on environmental degradation. Therefore, a sustainable energy strategy focusing on the penetration of renewable energy sources along with the use of energy-efficient mining hardware will alleviate the carbon footprint of the Bitcoin.

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Readiness to the FinTech Industry in Developing Countries

Cited by 3 publications

References 14 publications

Fintech, financial inclusion, and sustainable development in the African region

Fintech, financial inclusion, and sustainable development in the African region

Disruptive financial innovations: the case of Nigerian micro-entrepreneurs

The environmental consequences of blockchain technology: A Bayesian quantile cointegration analysis for Bitcoin

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