TY - JOUR
T1 - Challenges and trends of financial technology (Fintech)
T2 - A systematic literature review
AU - Suryono, Ryan Randy
AU - Budi, Indra
AU - Purwandari, Betty
N1 - Funding Information:
Funding: This research was funded by the Doctoral Research Grant from the Ministry of Research and Technology /National Research and Innovation Agency of the Republic of Indonesia, contract number NKB-387/UN2.RST/HKP.05.00/2020
Publisher Copyright:
© 2020 by the authors. Licensee MDPI, Basel, Switzerland.
Copyright:
Copyright 2020 Elsevier B.V., All rights reserved.
PY - 2020/12
Y1 - 2020/12
N2 - Digital transformation creates challenges in all industries and business sectors. The development of digital transformation has also clearly triggered the emergence of fintech (financial technology) initiatives, which are recognized as some of the most important innovations in the financial industry. These initiatives are developing rapidly, driven in part by the sharing economy, regulations, and information technology. However, research in the field of fintech remains in its infancy. Fintech offers several services, such as funding, payment (including electronic wallets), e-aggregators, e-trading, and e-insurance, and cryptocurrencies such as Bitcoin. This provides an opportunity to more closely examine fintech’s research challenges and trends. This study aims to (1) determine the state of the art of financial technology research; (2) identify gaps in the financial technology research field; and (3) identify challenges and trends for future research potential. The novel proposal in this study includes theoretical contributions regarding financial technology. Using the systematic literature review approach of Kitchenham, in addition to thematic analysis, meta-analysis and observation to validate the quality of literature and analysis, the results of this study provide a theoretical basis fintech research from an information systems perspective, including the formulation of fintech technology concepts and their development.
AB - Digital transformation creates challenges in all industries and business sectors. The development of digital transformation has also clearly triggered the emergence of fintech (financial technology) initiatives, which are recognized as some of the most important innovations in the financial industry. These initiatives are developing rapidly, driven in part by the sharing economy, regulations, and information technology. However, research in the field of fintech remains in its infancy. Fintech offers several services, such as funding, payment (including electronic wallets), e-aggregators, e-trading, and e-insurance, and cryptocurrencies such as Bitcoin. This provides an opportunity to more closely examine fintech’s research challenges and trends. This study aims to (1) determine the state of the art of financial technology research; (2) identify gaps in the financial technology research field; and (3) identify challenges and trends for future research potential. The novel proposal in this study includes theoretical contributions regarding financial technology. Using the systematic literature review approach of Kitchenham, in addition to thematic analysis, meta-analysis and observation to validate the quality of literature and analysis, the results of this study provide a theoretical basis fintech research from an information systems perspective, including the formulation of fintech technology concepts and their development.
KW - Financial technology
KW - Fintech
KW - Meta-analysis
KW - Systematic literature review
KW - Thematic analysis
UR - http://www.scopus.com/inward/record.url?scp=85098689732&partnerID=8YFLogxK
U2 - 10.3390/info11120590
DO - 10.3390/info11120590
M3 - Review article
AN - SCOPUS:85098689732
SN - 2078-2489
VL - 11
SP - 1
EP - 20
JO - Information (Switzerland)
JF - Information (Switzerland)
IS - 12
M1 - 590
ER -