Towards a Data-Driven Financial System: The Impact of Covid-19

Remolina, Nydia

doi:10.2139/ssrn.3660874

Cited by 11 publications

(8 citation statements)

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“…Most regions across the world exhibit notable increases in terms of absolute, relative, and per capita increase. Preliminary analysis of country-level characteristics suggests that market size and demographics -rather than level of economic development and ex-ante adoption rates -drive differential trends (Remolina, 2020).…”

Section: The Impact Of Covid-19 On the Fintech Industrymentioning

confidence: 99%

Global Fintech Market

Tsanis¹,

Stouraitis

2022

Advances in Human Resources Management and Organizational Development

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The FinTech industry has been growing rapidly and significantly, becoming the go-to service provider for some of the most important financial services, such as lending and payments. Since 2020, the onset of COVID-19 has substantially impacted the industry, both positively and negatively. This chapter discusses the recent performance of the FinTech industry based on a large-scale survey across the globe. The chapter then focuses on analysing the ‘new normal' in banking, after the pandemic era, based on the findings of the global survey, with explicit focus on the FinTech sector, followed by further implications on the impact that the pandemic had in the traditional banking sector. The chapter concludes by providing an overview of the emerging opportunities that appear in the FinTech sector.

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Section: The Impact Of Covid-19 On the Fintech Industrymentioning

confidence: 99%

Global Fintech Market

Tsanis¹,

Stouraitis

2022

Advances in Human Resources Management and Organizational Development

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“…A number of studies have discussed the COVID-19 impact on the use of digital transactions. Remolina (2020) find the pandemic as an opportunity for FinTechs because they are now viewed as a part of the solution for the pandemic-related challenges. In the long term, consumers' risks and financial sector competition and regulations will determine the sustainability of FinTechs.…”

Section: Literature Reviewmentioning

confidence: 99%

How successful countries are in promoting digital transactions during COVID-19

Mansour

2021

JES

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PurposeThis paper aims to assess whether the coronavirus disease 2019 (COVID-19) pandemic has encouraged governments to take actions towards fostering digital means of payments and financial transactions to stimulate economic activities and achieve higher financial inclusion.Design/methodology/approachUsing a logit model, this paper tests the impact of the level of income and GDP per capita, government effectiveness, digital adoption, number of commercial banks and the pandemic-related closure of business and stores due to full lockdowns on governments’ policy response regarding digital means of payments.FindingsThe author finds that low- and lower-middle-income countries had significantly responded to the surged need for digital means of payment during the pandemic compared to the upper-middle-income and high-income countries. The author also finds that government effectiveness and the number of commercial banks were predictors of government policy response, while the full lockdown of countries and the overall digital adoption were not.Research limitations/implicationsData of the post-COVID-19 pandemic are limited, and the sample size is small.Originality/valueThis is the first paper to empirically model governments' response during the pandemic to promote digital means of payments. This paper gives insight into post-crisis potential changes in digital payment adoption in the upcoming years.

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“…Various factors account for the rise in digital payment in the pandemic era. First, they are regarded as playing an important role in addressing pandemic related challenges (Remolina (2020). Digital payments enabled people to pay for goods and services while adhering to social distancing (Ziegler et al, 2020).…”

Section: Increase Of Digital Paymentsmentioning

confidence: 99%

COVID-19 Global Pandemic, Financial Development and Financial Inclusion

Ojöng

Asongu

2021

SSRN Journal

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This chapter examines how the Covid-19 pandemic has affected financial development and financial inclusion in African countries. The study provides both broad perspectives and country-specific frameworks based on selected country cases studies. Some emphasis is placed on the achievement of sustainable development goals (SDGs) that are related to financial inclusion. The study aims to understand what immediate challenges the COVID-19 pandemic has represented to the economies and societies on the one hand and on the other, the effect of the COVID-19 on the interconnected financial systems in terms of consequences of the pandemic. The relevance of the study builds on the importance of these insights in helping both scholars and policy makers understand how the effect of the pandemic on the financial system and by extension, the global economy can be mitigated for more financial inclusion.

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Towards a Data-Driven Financial System: The Impact of Covid-19

Cited by 11 publications

References 0 publications

Global Fintech Market

Global Fintech Market

How successful countries are in promoting digital transactions during COVID-19

COVID-19 Global Pandemic, Financial Development and Financial Inclusion

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