SWOT Analysis of Financial Technology in the Banking Industry of South Sulawesi: Banking Survey in South Sulawesi

Citta, Andi Batary; Dekrita, Yosefina Andia; Yunus, Rita; Ridha, Ahmad; Hartina,

doi:10.2991/icame-18.2019.13

Cited by 2 publications

(1 citation statement)

References 3 publications

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“…Threats and Opportunities for the German Retail Banking Market" presented SWOT analysis as a suitable tool for FinTech sector. Citta et al (2018) in their research used SWOT analysis for FinTech companies in Indonesia as well. In practice PESTLE analysis is often considered together with SWOT analysis in order to identify and properly values the ecosystem of FinTech sector.…”

Section: Swot and Pestel Analysis Of Fintech Sectormentioning

confidence: 99%

The Interaction between Banking Sector and Financial Technology Companies: Qualitative Assessment—A Case of Lithuania

Teresienė

Pieczulis

et al. 2021

Risks

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The role of financial technology companies increases every day. From one side this process generates more possibilities for consumers from other side it is related with new risks which arise in banking sector. At the beginning of FinTech era lots of analyst were discussing about disruptive potential in financial services. Later, however, we can see more discussions about cooperation between FinTech companies and banks. The other point which is very important to discuss about is a financial inclusion. The purpose of this study is to analyze the interaction between banking sector and FinTech companies. We use a case study of Lithuania because here FinTech sector is growing very intensively. First of all we try to analyze the scientific literature which analyzes the main aspects of FinTech sector. The second part of the article provides the progress of the FinTech sector and presents the main points of methodology. The research of the FinTech sector in Lithuania was focused on strengths, weaknesses, opportunities, and threats (SWOT) and political, economic, social, technological, environmental, legal (PESTEL) analysis and main statistical parameters. We also used a correlation and regression analysis together with qualitative assessments. Our results showed that in order to value the interaction between banking and financial technology better to focus on qualitative assessment because only statistical analysis can give different and wrong results. We identified that both sectors interact with each other and there is no a disruptive effect of FinTech in Lithuania.

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Section: Swot and Pestel Analysis Of Fintech Sectormentioning

confidence: 99%

The Interaction between Banking Sector and Financial Technology Companies: Qualitative Assessment—A Case of Lithuania

Teresienė

Pieczulis

et al. 2021

Risks

View full text Add to dashboard Cite

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The use of financial technology through banking agency in emerging economy

Chaisiripaibool,

Kraiwanit,

Duangsin

et al. 2023

JGR

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Financial technology has transformed the banking industry, providing convenient and efficient alternatives to traditional banking services. In emerging economies, where access to formal banking services may be limited, the utilisation of financial technology through banking agencies has garnered significant attention (Limna & Kraiwanit, 2022; Nguyen, 2022). This study aims to explore the factors influencing the adoption of financial technology through banking agencies in Thailand. The research employed a quantitative approach, utilising an online questionnaire to gather data from a convenience sample of 1,224 participants. Binary regression analysis was employed to analyse the collected data. The results indicated that the use of banking agents can be influenced by factors such as status, residence, experience, and transaction frequency. When making policy recommendations, it is crucial for financial institutions to ensure that the safety policies protecting the clients of banking agents meet the same standards as those of the appointing financial institutions. Further research is warranted to examine the usage patterns among different age groups, particularly the elderly, as this demographic is often overlooked and may face challenges in a digital environment. As the acceptance of financial transactions through banking agents grows among the older population, it is expected that seniors will increasingly adopt this banking method.

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SWOT Analysis of Financial Technology in the Banking Industry of South Sulawesi: Banking Survey in South Sulawesi

Cited by 2 publications

References 3 publications

The Interaction between Banking Sector and Financial Technology Companies: Qualitative Assessment—A Case of Lithuania

The Interaction between Banking Sector and Financial Technology Companies: Qualitative Assessment—A Case of Lithuania

The use of financial technology through banking agency in emerging economy

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