FinTech and SMEs financing: A systematic literature review and bibliometric analysis

Digital Business, Journal Year: 2023, Volume and Issue: 3(2), P. 100067 - 100067

Published: Oct. 10, 2023

Small and medium-sized enterprises (SMEs) face obstacles in raising capital accessing financial services due to information asymmetry, high transaction costs lack of collateral. FinTech developments have made gathering sharing easier, changed how funds are mobilized allocated, increased capital-raising activities. This paper conducts a systematic literature review on SME financing for the period 2008–2022. So far there unstructured separate publications this topic. Therefore, is need consolidate empirical research their findings effectiveness meeting SMEs' needs. The bibliometric show that few studies nature. These surged decade later after 3.0 started 2008, with majority them using quantitative methods based data from surveys platforms. Furthermore, emerging alternative digital SMEs attracted more than those bank lending SMEs. In terms publications, China dominating, followed by United States. content analysis shows has ability non-financial institutions collect process accurate about SMEs, thus reducing asymmetry costs. also speed quality cycle, establishing an pipeline, collecting processing information, loan screening, monitoring repayment. Finally, presents gaps areas future studies, challenges policy recommendations novel subject.

Language: Английский

---

Dark side whitewashes the benefits of FinTech innovations: a bibliometric overview

International Journal of Bank Marketing, Journal Year: 2023, Volume and Issue: 42(1), P. 113 - 132

Published: July 11, 2023

Purpose The current study focuses on many risk categories that have emerged in the digital ecosystem of financial technology industry, which has dramatically changed traditional systems as a result innovations technology. Design/methodology/approach Web Science Core Collection database was used to find data set 719 pertinent papers subject encompassing year 2015–2023. sample procedure carried out utilising PRISMA approach. keywords were first gathered relating technological risks banking sectors and after confirming keywords, authors performed search by “topic” covers “title” bar. On February 15, 2023, searched using terms “Cyber security OR theft crimes stability operational default money laundering terrorism AND FinTech sector”. Two-step approach is applied this study. First, descriptive analysis RStudio highlight prominent authors, countries affiliations. Furthermore, relationship among shown three fields plot. Second, VOSviewer, co-occurrence keyword determine most influential themes. Findings findings show 2,611 documents been published from 2016 2023. Year 2021 productive number publications. results also WANG XC tied for position prolific contributing author. In similar vein, United States leads world publication output. Southwestern University Finance Economics China leading list with 15 articles. reveal “default risk”, “operational “money laundering”, “credit “corporate governance”, “systematic “financial “risk management” “crises” are frequently keywords. Originality/value beneficial academia industry order advance their understanding associated concerns. This work expands hazards facing broad perspective.

Language: Английский

---

Legal Challenges for International Fintech Startups

International Journal of Law and Policy, Journal Year: 2023, Volume and Issue: 1(8)

Published: Dec. 19, 2023

Financial technology (Fintech) startups looking to scale globally often face complex regulations across jurisdictions inhibiting market access and rapid customer adoption. This research investigates legal obstacles frequently encountering international Fintech platforms through qualitative methods. It aims highlight recurring concerns like data sovereignty, interoperability, licensing barriers talent acquisition issues for innovators attempting multi-country service availability. Though results indicate regulatory principles remain largely unharmonized currently, recommendations urge sectoral cooperation advancing unified standards spanning management, oversight rules open banking architectures. Phasing proportionate need-based compliances controlled sandboxes can enable clearer policy signaling benefiting responsibly expanding startups. Effective incentives dispute assistance schemes may ease entry sustain trust lacking today. However, truly unraveling possibilities requires expediting progressive, agile internationally integrated systems protecting consumers while fostering inclusive innovation ecosystems.

Language: Английский

---

DEVELOPING CYBERSECURITY FRAMEWORKS FOR FINANCIAL INSTITUTIONS: A COMPREHENSIVE REVIEW AND BEST PRACTICES

Computer Science & IT Research Journal, Journal Year: 2024, Volume and Issue: 5(4), P. 903 - 925

Published: April 17, 2024

In the digital epoch, where financial sector stands as cornerstone of global economic stability, escalating sophistication cyber threats poses an unprecedented challenge. This scholarly pursuit aimed to dissect intricate web cybersecurity within domain, elucidating evolving threat landscape, scrutinizing efficacy existing frameworks, and delineating strategic pathways for fortification against adversaries. Anchored in a qualitative methodology, study embarked on systematic literature review, meticulously sifting through contemporary academic discourse unveil nuances challenges besieging institutions. The scope this inquiry spanned assessment regulatory landscapes, exploration technological innovations cybersecurity, critical examination human factors influencing efficacy. findings illuminate stark reality—the though foundational, are increasingly inadequate face sophisticated threats. advocates paradigmatic shift towards more adaptable, robust, technology-driven underscored by imperative agility international collaboration. Conclusively, paper posits that future hinges tripartite alliance among institutions, bodies, technology providers, urging unified front navigate tempest. Recommendations call integrated approach marries compliance with cutting-edge solutions, fostering ecosystem is both resilient responsive zeitgeist. endeavor not only contributes but also serves beacon policymakers, practitioners, stakeholders charting secure course frontier. Keywords: Cybersecurity, Financial Sector, Systematic Literature Review, Regulatory Compliance, Technological Innovation, Strategic Recommendations.

Language: Английский

---

A Comprehensive Review on Cybersecurity Issues and Their Mitigation Measures in FinTech

Iraqi Journal for Computer Science and Mathematics, Journal Year: 2024, Volume and Issue: 5(3)

Published: Jan. 6, 2024

The fourth industrial revolution has seen the evolution and wide adoption of game-changing disruptive innovation, "financial technologies (FinTech), around globe. However, security FinTech systems networks remains critical. This research paper comprehensively reviews cybersecurity issues their mitigation measures in FinTech. Four independent researchers reviewed relevant literature from IEEE Xplore, ScienceDirect, Taylor & Francis, Emerald Insight, Springer, SAGE, WILEY, Hindawi, MDPI, ACM, Google Scholar. key findings analysis identified privacy issues, data breaches, malware attacks, hacking, insider threats, identity theft, social engineering distributed denial-of-service cryptojacking, supply chain advanced persistent zero-day salami man-in-the-middle SQL injection, brute-force attacks as some significant experienced by industry. review also suggested authentication access control mechanisms, cryptography, regulatory compliance, intrusion detection prevention systems, regular backup, basic training, big analytics, use artificial intelligence machine learning, sandboxes, cloud computing technologies, blockchain fraud for issues. tackling will be paramount if is to realize its full potential. Ultimately, this help develop robust mechanisms achieve sustainable financial inclusion.

Language: Английский

---

Financial inclusion and fintech: a state-of-the-art systematic literature review

Financial Innovation, Journal Year: 2025, Volume and Issue: 11(1)

Published: Jan. 27, 2025

Abstract This study presents an all-inclusive analysis of the literature on augmentation financial inclusion through fintech. Ninety-six papers were selected from 2951 articles in Web Science, Scopus, and EBSCO databases. uses bibliometric content techniques to illuminate underexplored aspects fintech’s impact inclusion. Unlike previous studies, this consolidates a significant amount by systematically contextualizing theories viewpoints fintech sector. The key findings include identification three main research clusters: (1) advent novel services, (2) transformation market landscape, (3) roles stakeholders ecosystem. reveals gaps existing research, such as need for more studies tangible regulation. concludes highlighting potential directions future emphasizing importance policymakers paying greater attention implications

Language: Английский

---

Toward a Continental Financial Ecosystem: The Implications of AfCFTA for Fintech License Passporting

Published: Jan. 1, 2025

Language: Английский

---

Коммерциализация финансовых технологий в условиях цифровой трансформации экономики: семантический обзор литературы

Vestnik MIRBIS., Journal Year: 2025, Volume and Issue: 1(41), P. 103 - 112

Published: March 29, 2025

Цифровая трансформация, усиленная глобальными кризисами, актуализировала разрыв между стремительным развитием финтеха и институциональной инерцией: технологические прорывы сталкиваются с консервативными регуляторными рамками, несовместимостью локальных решений международными стандартами доминированием банков госучастием в российской системе. На основе семантического анализа научных работ применением метода ментальных карт предложен «зеркальный» метод, раскрывающий противоречие универсальными моделями коммерциализации отраслевой спецификой финтеха: киберрисками, особенностями патентования алгоритмов, необходимостью синхронизации «смарт-регулированием». Выделены исследовательские направления, где диалектика технологий институтов проявляется ярче всего: оптимизация бизнес-моделей условиях санкционного давления, этические коллизии интеграции ИИ финансы, а также разработка гибридных стратегий, преодолевающих разрывы инновационным потенциалом правовой инерцией. Особое внимание уделяется влиянию цифровых экосистем на конкурентную среду устойчивость финансовых институтов. Подчеркивается необходимость баланса противоположностей: скорости технологического развития устойчивости рынка, глобальных трендов национальной специфики, инновационной гибкости регуляторной предсказуемости, что формирует основу для адаптивной динамики финансового сектора. The digital transformation, intensified by global crises, has highlighted the gap between rapid development of fintech and institutional inertia: technological breakthroughs face conservative regulatory frameworks, incompatibility local solutions with international standards, dominance state-owned banks in Russian financial system. Based on a semantic analysis scientific works using mind mapping method, «mirror» approach is proposed, revealing contradiction universal commercialization models industry-specific characteristics fintech, such as cyber risks, peculiarities algorithm patenting, need for synchronization «smart regulation». Key research areas where dialectics technology institutions manifest most vividly are identified: optimization business under sanctions pressure, ethical dilemmas AI integration into finance, hybrid strategies that bridge innovation potential legal inertia. Particular attention given to impact ecosystems competitive environment resilience institutions. necessity balancing opposing forces emphasized: speed market stability, trends national specificities, flexibility predictability, all which form foundation adaptive dynamic sector.

Language: Русский

---

Impact of digitalization on entrepreneurial ecosystems: a bibliometric exploration

Journal of Business and Industrial Marketing, Journal Year: 2025, Volume and Issue: unknown

Published: March 31, 2025

Purpose This study emphasizes digitalization in entrepreneurial ecosystems, fostering sustainability and redefining how businesses operate entrepreneurs innovate. aims to examine trends key contributions focusing on organizational cultures their influence. Design/methodology/approach Using the PRISMA framework, authors analyzed 500 articles from Web of Science (2010–2024) using VOSviewer. The methodology included tracking annual production, identifying prolific journals, analyzing countries, citing top hot topics ecosystems. Findings findings this highlight 2023 as peak year for article with Zhang being most productive author. Sustainability (Switzerland) Journal leads publications, China dominates “digital transformation” emerges a prominent keyword research Originality/value innovatively analyses digital technologies innovation transformed ecosystem, gaps business practices.

Language: Английский

---

Shareholders in the Driver’s Seat: Unraveling the Impact on Financial Performance in Latvian Fintech Companies

Risks, Journal Year: 2024, Volume and Issue: 12(3), P. 54 - 54

Published: March 18, 2024

Fintech companies are relatively young and operate in a rapidly evolving ever-changing industry, which makes it important to understand how different factors, including shareholder presence management roles, affect their performance. This study investigates the impact of director manager positions on financial performance Latvian fintechs. Our investigation centers essential ratios, Return Assets, Equity, Profit Margin, Liquidity Ratio, Current Solvency Ratio. findings suggest that shareholders roles does not significantly fintech companies. Although statistical analysis did yield significant results, is consider additional insights garnered from Cliff’s Delta effect sizes. Specifically, despite lack significance, practical significance indicates directors managers show slightly better than other Beyond shedding light intricacies corporate governance sector, this research serves as valuable resource for investors, stakeholders, fellow researchers seeking

Language: Английский

---