A QUANTITATIVE INVESTIGATION AND CRITICAL ANALYSIS OF FINTECH AS A CHANGE AGENT IN THE FINANCIAL MARKETS
Keywords:
Fintech, ICT, IT for businessAbstract
Monetary mediators emerge from monetary erosions such as data imbalances and financial powers, economies of scale, and extension. These gratings and forces also shape the market structure. While mechanical advancements are nothing new, computerized development has seen significant advancements in the network of frameworks, calculating power and cost, and newly created and useable data. These improvements have reduced trade costs while also introducing new strategies and competitors. The creation of money-related groups could be disaggregated as technology has improved information transmission and reduced trade costs. Money-related organizations have been unbundled by explicit participants, allowing consumers to select and assemble their preferred set-ups of items. Regardless, in a period of automated creation, admirable money-related abilities remain vital. In the many designs of money-related organizations, such as customer acquisition, finance, consistent activities, data, and capital, economies of scale and degree and association impacts are available (counting trust capital). Despite technological advancements, client appearances and party charges remain basic.
Downloads
References
Hassan M.K., Rabbani M.R. and Mohd. Ali MA, (2020), Challenges for the Islamic Finance and banking in post COVID era and the role of Fintech, Journal of Economic Cooperation and Development, 41, 3, 93-116.
Al-Tawfiq, J. A., and Memish, Z. A., (2020), COVID-19 in the Eastern Mediterranean Region and Saudi Arabia: prevention and therapeutic strategies. International Journal of Antimicrobial Agents, 55(5), 105968.
Alzubaidi, I. B., and Abdullah, A., (2017), Developing a Digital Currency from an Islamic Perspective: Case of Blockchain Technology, International Business Research, 10(11), 79-87.
Bakar, N. A., Rosbi, S., and Uzaki, K. (2017), Cryptocurrency Framework Diagnostics from Islamic Finance Perspective: A New Insight of Bitcoin System Transaction, International Journal of Management Science and Business Administration, 4(1), 19-28.
Haider, M., Khan, S., Rabbani, M. R. and Thallasinos, Y.E., (2020), An Artificial Intelligence and NLP based Islamic FinTech Model Combining Zakat and Qardh-Al-Hasan for Countering the Adverse Impact of COVID 19 on SMEs and Individuals,
International Journal of Economics and Business Administration, 8(2), 348-361.
Hasan, R., Hassan, M. K., and Aliyu, S., (2020), Fintech and Islamic Finance: Literature Review and Research Agenda, International Journal of Islamic Economics and Finance (IJIEF), 3(1), 75-94.
Olagbaju, O. O., Awosusi, O. E., and Shaib, O. E., (2020), COVID19 Induced Changes on Lifestyles Education and Socio-Economic Activities in West African States: Recovery Strategies for Pos Pandemic Era, International Journal of World Policy and Development Studies, 6(4), 38-43.
Poon, J. P., Pollard, J., and Chow, Y. W., (2018), Resetting neoliberal values: lawmaking in Malaysia's Islamic finance, Annals of the American Association of Geographers, 108(5), 1442-1456.
Rabbani, M. R., (2020), The competitive structure and strategic positioning of commercial banks in Saudi Arabia, International Journal on Emerging Technologies 11(3), 43-46.
Rabbani, M.R., Khan, S., Thalassinos, I.E. (2020), FinTech, Blockchain, and Islamic Finance: An Extensive Literature Review, International Journal of Economics and Business Administration, 8(2), 65-86.
Rahim, S. R. M., Mohamad, Z. Z., Bakar, J. A., Mohsin, F. H., and Isa, N. M. (2018), Artificial intelligence, smart contract and Islamic finance, Asian Soc Sci, 14(2), 145.
Ready, R. C. (2018), Oil prices and the stock market, Review of Finance, 22(1), 155-176.
Schueffel, P. (2016), Taming the beast: a scientific definition of Fintech, Journal of Innovation Management, 4(4), 32-54.
Zandifar, A., and Badrfam, R. (2020), Fighting COVID-19 in Iran; economic challenges ahead, Archives of Iranian medicine, 23(4), 284.
Jakšič, M., Marinč, M., (2019), Relationship banking and information technology: the role of artificial intelligence and FinTech. Risk Manag 21, 1–18.
Agarwal, S., I. Ben-David, and Yao V., (2015), Collateral Valuation and Borrower Financial Constraints: Evidence from the Residential Real Estate Market. Management Science 61 (9): 2220–2240.
Boot, A.W.A. (2017), The Future of Banking: From Scale and Scope Economies to Fintech. European Economy - Banks, Regulation and The Real Sector, 2, 77–95.
Boot, A.W.A., and Ratnovski L.., (2016), Banking and Trading. Review of Finance 20 (6): 2219–2246.
Currie, W.L., and Lagoarde-Segot T., (2017), Financialization and Information Technology: Themes, Issues, and Critical Debates—Part I, Journal of Information Technology, 32 (3), 211–217.
Darolles, S., (2016), The Rise of Fintechs and Their Regulation. Financial Stability Review 20, 85–92.
Drummer, D., S. Feuerriegel, and Neumann D. (2017), Crossing the Next Frontier: The Role of ICT in Driving the Financialization of Credit. Journal of Information Technology 32, 218–233.
Gilje, E.P., E. Loutskina, and P.E. Strahan, (2016), Exporting Liquidity: Branch Banking and Financial Integration. Journal of Finance, 71, 1159–1184.
Hasan, I., and M. Marinč, (2016), Should Competition Policy in Banking Be Amended during Crises? Lessons from the EU. European Journal of Law and Economics, 42 (2), 295–324.
Jakšič, M., and MarinčM., (2015), The Future of Banking: The Role of Information Technology. Bančni vestnik: revija za denarništvo in bančništvo, 64 (11) 68–73.
Li, S., and Marinč M., (2018), Economies of Scale and Scope in Financial Market Infrastructures. Journal of International Financial Markets, Institutions and Money 53, 17–49.
Pallathadka, A., & Pallathadka, H. (2021). Human and Environment Relationship in Geographical Research. PalArch’s Journal of Archaeology of Egypt/ Egyptology, 18(4), 6666–6679.
Pallathadka, H., Ramirez-Asis, E. H., Loli-Poma, T. P., Kaliyaperumal, K., Ventayen, R.
J. M., & Naved, M. (2021). Applications of artificial intelligence in business management, e-commerce and finance. Materials Today: Proceedings, xxxx. https://doi.org/10.1016/j.matpr.2021.06.419
Pallathadka, H. (2020). Impact Of Fundamental Factors On The Share Price Movement Of Indian It Stocks. European Journal of Molecular & Clinical Medicine, 07(06), 3213– 3221.
Setiawan, R., Cavaliere, L. P. L., Halder, S., Koti, K., Sarsengaliy, B., Ashok, K., Pallathadka, H., & Rajan, R. (2021). The Concept of the Cryptocurrency and the Downfall of the Banking Sector in Reflecting on the Financial Market. RentgenologiyaiRadiologiya, 60(S1), 17–33.
Sriram, V. P., Raj, K. B., Srinivas, K., Pallathadka, H., Sajja, G. S., & Gulati, K. (2021). An Extensive Systematic Review of RFID Technology Role in Supply Chain
Management. 2021 IEEE 6th International Conference on Signal Processing, Computing and Control (ISPCC), 789–794. https://doi.org/10.1109/ISPCC53510.2021.9609414
Pallathadka, H. (2021). Mining Restaurant Data to Assess Contributions and Margins Data. International Journal of New Practices in Management and Engineering, 10(3), 6–
https://doi.org/https://doi.org/10.17762/ijnpme.v10i03.128
Pallathadka, H., & Pallathadka, L. K. (2022). Critical Analysis of Fintech as a Change Agent in the Financial Markets : A Quantitative Investigation. Journal of Applied Science and Research, 10(1), 72–81.
Kumar Tiwari, B., Pallathadka, H., Kumari, D., & Agrawal, O. P. (2021). ―COVID-19 Pandemic leads Stock Market Volatility‖: Empirical Evidence Using GARCH Model. Empirical Economics Letters, Oct 2021 (2 Special Issue), 422–439.
Downloads
Published
How to Cite
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
You are free to:
- Share — copy and redistribute the material in any medium or format for any purpose, even commercially.
- Adapt — remix, transform, and build upon the material for any purpose, even commercially.
- The licensor cannot revoke these freedoms as long as you follow the license terms.
Under the following terms:
- Attribution — You must give appropriate credit , provide a link to the license, and indicate if changes were made . You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
- No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.
Notices:
You do not have to comply with the license for elements of the material in the public domain or where your use is permitted by an applicable exception or limitation .
No warranties are given. The license may not give you all of the permissions necessary for your intended use. For example, other rights such as publicity, privacy, or moral rights may limit how you use the material.
