The shadow economy, which can be defined as undeclared economic activities carried out in secret from public authorities,, and that cause negativities such as tax losses outside of official economic activities, has become a part of the economic activities of both developed and devel-oping...

This paper examines the impact of environmental, social, and governance (ESG) disclosure on the cost of capital for banks as well as financial technology companies in Europe, America, and Asia from 2010 to 2024. The study investigates how sustainability affects financing conditions in the two...

Economic growth and personal well-being have been greatly affected by the spread of digital financial services, especially in emerging nations. The purpose of this study was to investigate the impact of technological infrastructure and connectivity on startup sustainability of selected fintech...

Enterprises today face increasing threats from cyberattacks, supply chain disruptions, and systemic market risks, making the enhancement of organizational resilience through advanced risk management frameworks increasingly critical. Traditional approaches often struggle to balance data privacy,...

In this report, we discuss the implications of the rapid development and widespread adoption of artificial intelligence (AI) for financial stability. Sizeable corporate investments have made advanced AI capabilities like large language models (LLMs) such as ChatGPT, Claude and Gemini widely...

Objective: This article examines the role of entrepreneurial capabilities and firm innovativeness in driving the business performance of financial technology (fintech) start-ups. By cultivating entrepreneurial orientation, innovation capacity, and knowledge creation, firms can enhance their...

This study aims to explore the effect of financial technology (FinTech) on the sustainability of SMEs in Mogadishu, Somalia. It studies the impact of FinTech on the financial inclusion and literacy of SMEs and their mediating roles in the relationship between FinTech and SME sustainability. The...

We attempt to assess and explain the credit risk premium of peer-to-peer (P2P) loans for small business purposes. Our evidence shows that P2P borrowers pay significantly higher interest rates for small business financing purposes than for other purposes, controlling for loan amount and...

Purpose: The aim of this article was to better understand the alignment of banking business models with disruptive technologies. Design/methodology/approach: An explorative study was used to uncover participants' views of technology adoption in a particular banking institution in South Africa....

This paper provides both theoretical and empirical analyses of the differences between BigTech lenders and traditional banks in response to monetary policy changes. Our model integrates Knightian uncertainty into portfolio selection and posits that BigTech lenders possess a diminishing...

This study investigates a novel challenge within the digital economy: scrounging, which entails the exploitation of false identities to capitalize on benefits offered by digital platforms, such as sales promotions and new user incentives. As a form of fraud, scrounging can substantially affect...

This paper aimed to evaluate the transformative role of Generative Artificial Intelligence in improving banking services efficiency through a systematic literature review. The review explored, how Generative Artificial Intelligence reshaped traditional banking practices by automating routine...

One of the most noteworthy benefits that new technological opportunities bring to economies is Financial technologies (FinTech), which makes it easier for financial services to be cheap, fast, and accessible, especially by creating more digital payment services. This high rate of digitalization...

This paper examines the impact of fintech adoption and financial inclusion on financial stability in selected countries. Using panel data from 30 countries spanning 2011-2024, the study employs an empirical strategy based on Two-Way Fixed Effects, a dynamic two-step System GMM estimator, and...

The goal of inclusive development places financial inclusion at the forefront of sovereign development policies, particularly in economies that are investing in digital technologies. Despite the world's progression towards technology, there is minimal empirical evidence of how efficient these...

Financial technology (FT) has been credited for supporting sustainable development and financial inclusion. However, issues such as balancing innovation with consumer protection and the challenges of loan default have emerged as significant concerns in this context. The study aimed to test the...

This study investigates how financial technology (FinTech) contributes to economic growth, focusing on whether it acts primarily as a mediator or a moderator within the finance-growth nexus. A composite FinTech index is constructed using Principal Component Analysis based on cross-country data...

This study investigates the potential effects of Mobile Money (MM) and Central Bank Digital Currencies (CBDCs) on the average transaction costs of remittances to Sub-Saharan Africa (SSA), with a focus on Nigeria. While much of the current literature highlights the theoretical benefits of CBDCs...

Green FinTech involves facilitating sustainable payments, banking, and investment; nevertheless, it is subject to consumer trust and perceptions of 'green' value. The literature on this topic is fragmented, with information systems literature typically considering trust as a broad acceptance...

Amidst the escalating geopolitical fragmentation of the global financial system, divergent stablecoin architectures are emerging. This study employs Qualitative Comparative Analysis (QCA) and introduces a formalized 'Geopolitical Stablecoin' (GPSC) model to conduct a systematic comparison of...

As cryptocurrencies evolve from niche assets to systemic financial components, the banking sector faces a strategic dilemma: displacement or adaptation. Using 27,510 bank-year observations from 2014 to 2023 across thirty-two economies, predominantly within the European banking sector, this study...

This paper examines the interplay between financial inclusion and FinTech in shaping banking stability, with a focus on economies in the Asia and Pacific region. Using an unbalanced panel dataset from 21 economies from 2000 to 2021, the paper finds that financial inclusion enhances banking...

Asia presently houses some of the top and dynamic economies in the world. These economies have also experienced high fintech adoption in their banking sectors. This paper examines the impact of fintech adoption and integration on the efficiency and stability of banks in 9 Asian countries, using...

Robo-advisors are evolving fintech solutions that ask potential clients about their investment purpose and time horizon and then offer investment strategies to reach different goals. This study aims to build on prior research and gain insights into the influence of innovation attributes...

This study investigates how strategic foresight can enhance FinTech governance and policy resilience in emerging economies, using Kuwait as an illustrative case. It aims to identify which foresight interventions should be prioritized across alternative futures to strengthen innovation, security,...

This study evaluates the early impact of Central Bank Digital Currencies (CBDCs) on key financial indicators in The Bahamas, focusing on the introduction of the SandDollar-the world's first fully implemented retail CBDC. Using the Synthetic Control Method (SCM), the analysis constructs...

Background: Fintech companies have revolutionized the financial services industry in India in recent years. This is especially true for the growth of digital payment methods. India's unbanked are being introduced to banking by fintech companies. Despite the country's strong banking system, many...

This paper examines the combination of traditional banking credit assessment techniques with contemporary internal sales accounting systems in Kazakhstan, aiming to augment the precision and resilience of financial assessments pertaining to SMEs. The proposed model consists of two discrete...

Financial Technology (FinTech) organisations are perceived to be enablers of digital financial services in Malawi. They support efficient business transactions, secure payments instead of cash, lower transactions costs and support financial inclusion. While the phenomenon of FinTech has received...

The shadow economy, which can be defined as undeclared economic activities carried out in secret from public authorities,, and that cause negativities such as tax losses outside of official economic activities, has become a part of the economic activities of both developed and devel-oping...