The Future of Finance and Fintech: Visualizing the Opportunities for Fintech in the MENA Region

Hassan, M. Kabir; Rahiman, Habeeb Ur; Rabbani, Mustafa Raza; Alhomaidi, Asem

doi:10.1007/978-3-031-14941-2_5

Cited by 3 publications

(2 citation statements)

References 82 publications

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“…AI-Advisors: Automated advisers provide investment advice and portfolio management through the use of algorithms and AI. They offer a more budget-friendly alternative to traditional financial advisors (Hassan et al, 2022). Customers' financial goals and risk tolerance inform the "Betterment" robo-advisor's creation of individualised investment portfolios.…”

Section: Types Of Fintech Technology Used In Banking Sectormentioning

confidence: 99%

Investigating the Role of Fintech in Transforming Indian Banking Challenges and Future Prospects

2023

Journal of Informatics Education and Research

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Technology has revolutionized the businesses across the globe. FinTech has gained the momentum for developing economies like India. This study examines how FinTech has transformed banking in Uttar Pradesh (UP), India. The study examines regional FinTech adoption and banking consumer impacts using a rigorous quantitative approach. The systematic sampling of 180 banking workers in UP and the Rest of India showed a significant difference in FinTech adoption, with UP banks integrating more. The findings indicate UP's banking industry's growing cooperation, digital client acquisition, and technical innovation. In demographic profile, study participants were balanced in gender, age, education, and experience. The study also found that FinTech exposure raises client awareness but lowers financial education. Hypothesis testing confirmed these findings, refuting the null hypothesis about FinTech adoption differences between UP and the rest of India and showing significant FinTech-related customer awareness and financial education differences. The results show that FinTech adoption and client education methods must be targeted, helping banks and governments navigate UP's changing financial ecosystem. This research provides a detailed knowledge of FinTech's impact on the banking industry, enabling informed decision-making in Uttar Pradesh's evolving financial ecosystem.

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Section: Types Of Fintech Technology Used In Banking Sectormentioning

confidence: 99%

Investigating the Role of Fintech in Transforming Indian Banking Challenges and Future Prospects

2023

Journal of Informatics Education and Research

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“…Nevertheless, there are scarce references to Islamic Paytech in the academic literature. In recent years, numerous studies have considered Fintech adoption within Islamic Finance services providers from different countries, such as Saudi Arabia, the UAE, Malaysia, Bahrain, Brunei, Indonesia, Oman and others (Hudaefi et al, 2023;Hassan et al, 2022aHassan et al, , 2022bHassan et al, , 2022cHassan et al, , 2022dBanna et al, 2021;Shaikh et al, 2020). The place (a country or region) where the consumers live and different regulations or economic stages exist is an essential factor in understanding consumers' behavior in mobile payment adoption (Liu et al, 2019).…”

Section: Introductionmentioning

confidence: 99%

Predicting the intention to use Paytech services by Islamic banking users

Diéguez

Albort-Morant

Oliver-Alfonso

et al. 2023

IMEFM

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Purpose This study aims to identify the factors that could explain the intention to use Paytech services within an Islamic banking context. The authors use an extended version of the technology acceptance model to develop a causal–predictive analysis. Design/methodology/approach The research model and hypotheses were tested by applying partial least square-structured equation modeling to data collected from 214 users of Islamic banking in Saudi Arabia. Findings The results show that perceived trust has a highly significant direct effect on the intention to use Islamic Paytech services, whereas perceived risk has a significant indirect effect on IU. Research limitations/implications Internet banking behavior may not be static. In technology acceptance, during the various phases from introduction to the maturity phase, the respondent’s perceptions tend to change Practical implications From the point of view of Fintech services providers, the knowledge of the factors fostering the adoption of Fintech services would allow an international expansion without the inconvenience of establishing offices or companies in countries whose legislation does not favor the operations carried out by Islamic banks. Social implications These digital payment services would allow access to financial services to the entire Muslim population regardless of their location (Islamic and non-Islamic nations) and will also reach out to the next generation of young Muslims as a majority are “digital natives” ready for digital Islamic financial solutions. Originality/value This study is the first to explore the intention to use Paytech services by Islamic banking users in Saudi Arabia. From a theoretical perspective, this work contributes to the academic literature by analyzing the intention to use Paytech services in an Islamic banking context. On the practical front, the study identifies the crucial factors that industry players can use to design their Paytech applications and services to increase financial inclusion in Saudi Arabia and other countries with similar cultures as well as to design an international expansion without the inconvenience of establishing offices or companies in countries whose legislation does not favor the operations carried out by Islamic banks.

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The Rise of AI in Middle Eastern Fintech With the Case Studies From the UAE and Turkey

Razavi,

Habibnia

2024

Exploring Global FinTech Advancement and Applications

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This chapter explores the dynamic FinTech landscape in the Middle East with a focus on the UAE and Turkey by considering the impact of cutting-edge technologies, particularly artificial intelligence (AI). Amidst rapid economic changes and a burgeoning youth population, FinTech has emerged as a pivotal force driving innovation. The UAE and Turkey, positioned as regional FinTech hubs, attract significant investments, fostering vibrant startup ecosystems. Analyzing statistical insights and technological trends, this chapter unravels the unique factors propelling FinTech adoption. It delves into the integration of emerging technologies and addresses challenges, opportunities, and future trends. Tailored for finance professionals, policymakers, entrepreneurs, and academics, this chapter aims to provide a concise resource for navigating and contributing to the evolving FinTech scene in the Middle East.

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The Future of Finance and Fintech: Visualizing the Opportunities for Fintech in the MENA Region

Cited by 3 publications

References 82 publications

Investigating the Role of Fintech in Transforming Indian Banking Challenges and Future Prospects

Investigating the Role of Fintech in Transforming Indian Banking Challenges and Future Prospects

Predicting the intention to use Paytech services by Islamic banking users

The Rise of AI in Middle Eastern Fintech With the Case Studies From the UAE and Turkey

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