The Role of Knowledge and Penetration of Fintech Services in Improving MSMEs of Fishermen and Marine Farmers in Remote Small Islands Region

Pentury, Frischilla

doi:10.20473/jmtt.v16i1.43743

Cited by 4 publications

(2 citation statements)

References 36 publications

(41 reference statements)

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“…The result of this study indicated that fintech knowledge has a significantly positive effect on fintech service usage. Another Asian study also confirmed the importance of fintech knowledge for increasing the penetration and utilization of fintech among potential consumers, which has received limited attention from scientific research (Pentury, 2023). Therefore, we propose the following hypothesis.…”

Section: Technology Proficiency and Fintech Proficiencymentioning

confidence: 74%

Using an extended post-acceptance framework to examine consumer adoption of fintech

Qi,

Chatterjee,

Worthy

et al. 2024

IJBM

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PurposeEmerging literature on fintech has shown that consumers have been slow to adopt fintech-based products and services. However, limited literature is available regarding the factors associated with consumers' adoption of these products and services. This study aims to investigate the factors that are associated with consumer adoption of fintech-based products and services.Design/methodology/approachData on the usage and perception of smartphone financial apps by US residents ages 18–70 was collected in the fall of 2020. Based on the Extended Post-Acceptance Model (EPAM) framework, Structural Equation Modeling and Confirmatory Factor Analysis were applied to inspect how financial capability, perceived security and perceived usefulness affect fintech adoption.FindingsFintech proficiency, investment risk tolerance and perceived safety are positively associated with the frequency of fintech application use upon adoption. Consumers are more likely to feel safer if they are more financially capable and technologically proficient. Consumers with higher risk tolerance tend to believe fintech apps are safe to use. Consumers with higher fintech proficiency are more likely to recognize the usefulness of fintech services.Originality/valueThe study introduces a revised EPAM framework with antecedent factors, fintech proficiency and risk tolerance to investigate the factors associated with consumer adoption of fintech-based products and services. The key findings of this study validate the EPAM in the American context. Additionally, this research is among the first to have confirmed the direct relationship between perceived security and fintech adoption. The results have practical implications for existing fintech companies, banks and financial institutions, policymakers and financial advisory practices considering adopting fintech-based services for their clients.

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Section: Technology Proficiency and Fintech Proficiencymentioning

confidence: 74%

Using an extended post-acceptance framework to examine consumer adoption of fintech

Qi,

Chatterjee,

Worthy

et al. 2024

IJBM

View full text Add to dashboard Cite

show abstract

“…These factors include the quality of data analytics and cyber risk management [28] and founder characteristics such as banking experience and technical education [29]. Other industries, such as fisheries and sports industries, could gain from better monetization of their activities thanks to fintechs if the entrepreneurs are educated on the services fintechs can offer [18,19,30]. At a regional level, a study in Cameroon [11] found that using fintech increased financial literacy and the performance of small and medium enterprises in the region.…”

Section: Literature Review Of Fintechmentioning

confidence: 99%

How Can Fintech Companies Get Involved in the Environment?

Ashta

2023

Sustainability

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Financial services providers have the funds to finance climate change, and new entrepreneurs would like to join this effort. They need ideas on what fintechs can do to make money yet be sustainable. The research purpose of this study is to explore what fintechs are doing in this field of climate change and what theoretical and policy implications can be gained. This exploratory study uses a multiple case study method, using secondary sources of information. The sample includes five big fintechs and twelve green fintechs. The study finds that large fintech firms are diverse in the extent of their reporting and the issues that they are tackling, but they all report on their Scope 1 and Scope 2 impacts, and most report on Scope 3. Smaller dedicated green fintechs in the sample are grouped into those that offer to crowdfund green projects, those that track the impact of green projects or other firms or individuals, payment firms that invest directly into green projects, and those that provide a platform for peer-to-peer trading of renewable energy. The exploration is relevant to theories and concepts, including product differentiation and enhancement, disruptive innovation, collaborative ecosystems, and environmental and social impacts. Using lateral thinking, microfinance, and work-sharing research can stimulate reflection on developing more inclusive and advanced green fintech offerings. A few directions for future research in this field have been provided for those interested in impact measurement, strategic management, business models, risk management, or innovation theories.

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Examining Customers' Intentions to Use Financial Technology in Islamic Banking

Fuadi,

Ghofur,

Irfan

et al. 2023

Fintech Applications in Islamic Finance

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This study investigates the impact of Islamic Shariah compliance on customer satisfaction, focusing on the mediating effect of service quality within the context of Islamic banking services. Data obtained randomly from 124 Islamic bank customers in Indonesia were analyzed using multiple linear regression in SPSS. The results demonstrate that various factors, including attitude, subjective norms, and behavioral control, significantly influence the propensity of Islamic bank customers to adopt financial technology services offered by Islamic banks. It is important to note that this study is primarily centered on fintech-enabled Islamic banking services. This study underscores the need for Islamic Financial Institutions to enhance the success of fintech services and to promote these offerings to customers. Furthermore, it encourages Islamic financial institutions to harness technological advancements that streamline customer banking transactions. This study provides Islamic banks with valuable insights into the optimization of technology-driven financial services.

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The Role of Knowledge and Penetration of Fintech Services in Improving MSMEs of Fishermen and Marine Farmers in Remote Small Islands Region

Cited by 4 publications

References 36 publications

Using an extended post-acceptance framework to examine consumer adoption of fintech

Using an extended post-acceptance framework to examine consumer adoption of fintech

How Can Fintech Companies Get Involved in the Environment?

Examining Customers' Intentions to Use Financial Technology in Islamic Banking

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