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We document the unique structure of the peer-to-peer lending market. Originally designed as decentralized, the market has become highly, but not fully, reintermediated. The platforms' software now performs essentially all tasks related to loan evaluation, whereas most lenders are passive and automatically fund most applications on offer. Yet unlike banks, and in contrast to theories predicting full reintermediation, the platforms provide detailed loan information, and some active loan pickers coexist with passive investors. We argue that while intermediation attracts unsophisticated passive investors, transparency in the presence of active investors resolves the lending platform's moral hazard problem inherent in intermediated markets. [ABSTRACT FROM AUTHOR]

This article studies how the rise of financial technology (Fintech) lending affects credit access, interest rates, and social welfare. We consider a lending competition model with two incumbent banks and a Fintech lender, which use different information and technologies to assess borrower creditworthiness. We show that Fintech lending could negatively affect high-quality borrowers' access to credit when the Fintech lender's screening accuracy is superior to that of the banks. Furthermore, Fintech lending may worsen the allocative efficiency of credit and reduce social welfare under some conditions. Analytical and numerical results suggest that Fintech lending mostly reduces the expected interest rates. [ABSTRACT FROM AUTHOR]

Several firms worldwide that attempted to penetrate the bottom of the pyramid (BOP) with digital service innovations have encountered disappointing returns. This article explores what capabilities firms should develop and how they should nourish them for value creation at the BOP. Using the multiple-case method, this study inductively derives persuasion, co-creation, adaptation, and self-sustainability as essential capabilities. Cumulative maneuvering of these capabilities resulted in a sand cone model. Both established incumbents and digital natives benefit from this model, which enables them to safeguard their digital offerings while penetrating or expanding within BOP markets. [ABSTRACT FROM AUTHOR]

This study explores how organizations experience and respond to identity challenges that arise due to conflicting interpretations of their past. Drawing on a case study of a fintech venture, we offer a process model that illuminates the unfolding of "temporal identity complexity," a sensemaking process that involves different members developing conflicting understandings of how the past undermines the organizational identity. Our model also reveals how leaders can restore members' beliefs in the organizational identity through "temporal synergizing," a sensegiving process that recombines conflicting interpretations of the past to support desired identity claims in the present and future. In contrast with prior research that has emphasized the need to construe a sense of identity continuity over time, we show how organizations can instead capitalize on perceived discontinuity in their past to reaffirm their identity. We discuss this and other contributions to research on organizational identity, focusing on its threads on sensemaking and rhetorical history. This includes exploring the important role that temporality and emotions play in organizational identity reconstruction. [ABSTRACT FROM AUTHOR]

After exogenous demand shocks caused by natural disasters, FinTech lenders are more responsive to increased demand for reconstruction mortgages than traditional banks and non-FinTech shadow banks. Both FinTech and traditional banks increase credit supply, but FinTech supply is more elastic without increases in risk-adjusted interest rates or delinquency rates. Comparing lending supply channels, banks respond to regulatory incentives to lend to damaged areas, whereas FinTech lenders supply more credit when traditional banks rely more on balance sheet financing and physical branch networks. Compared to traditional banks, FinTech lenders increase supply elasticity more aggressively in response to local competitive pressure. [ABSTRACT FROM AUTHOR]

By utilizing China's 2016 Implementation Plan for the Specific Rectification of Internet Financial Risks as an exogenous shock, we employ a difference-in-differences identification strategy to investigate the impact of FinTech regulation on banks' risk-taking. Our findings indicate that FinTech regulation strengthens banks' deposit franchises and funding liquidity. As reliable and interest-rate-insensitive funding sources, higher deposit franchises weaken banks' incentives for risk-taking. Further analysis, conducted to control for the potential interference of other policies, confirms the stable incremental effect of FinTech regulation. Moreover, we find that FinTech regulation tends to benefit banks with higher capital buffers and smaller sizes from a triple difference (difference-in-difference-in-difference) analysis. By focusing on the external effects of FinTech regulation, we aim to shed light on how regulatory gaps impact the formal financial system and highlight the importance of effectively regulating emerging financial entities. [ABSTRACT FROM AUTHOR]

This study uses a fixed effect model to examine the impact based on a sample of non-financial A-share listed companies in the Shanghai Stock Exchange and Shenzhen Stock Exchange from 2010 to 2019. The empirical results show that regional fintech development has a significantly positive effect on enterprise innovation, while heterogeneity analysis results indicate that this effect is more significant for small and medium-sized enterprises and secondary industry fields. Further research finds that regional fintech development not only has significant spatial autocorrelation, but it also has spillover effects on enterprise innovation. Additionally, the mechanism test shows that financing constraints are part of the mediating factor between regional fintech and enterprise innovation. We conclusively present three recommendations for enriching the development of regional fintech, thus allowing for increased innovation potential and the sustainable growth of companies. [ABSTRACT FROM AUTHOR]

In this study, we explore the nexus between sustainable development and finance, with a specific focus on the African region-a critical yet underexplored context in the existing literature. Against the backdrop of evolving challenges in financial inclusion, improved access, and the growing prevalence of financial technology (FinTech), we aim to fill a research gap by investigating the connection between FinTech, financial inclusion, and sustainable development. The empirical exploration spans 25 African countries from 2011 to 2019, employing econometric methods such as dynamic panel (SGMM two-steps) and static panel (OLS, FE, LSDV). Utilizing key indicators like Adjusted Net Savings (ANS) and Gross Saving rate (GS), our findings reveal a substantial positive impact of financial inclusion and FinTech on sustainable development. However, an intriguing discovery emerges as the interaction between these variables exhibits a weak negative and significant effect. As a unique contribution to the existing literature, we estimate marginal effects at various levels of FinTech and financial inclusion on sustainable development. Beyond insights, our study offers vital policy recommendations, emphasizing the necessity for improved collaboration among financial service providers to avoid redundancy. Furthermore, we highlight the critical need to expand financial infrastructure, advocate for FinTech promotion, and foster inter-African cooperation. [ABSTRACT FROM AUTHOR]

Modern banks rely on numerous third-party service providers. They host data using cloud services, rely on clearinghouses to settle financial transactions, and automate their operations using financial technology and artificial intelligence. Alongside convenience, cost savings, and sophistication, reliance on these service providers brings risks. Dysfunction in third-party services can lead to data breaches, core service outages, or-potentially-systemic risk. And the odds of these risks coming to fruition only increase as the market for service provision becomes more concentrated. However, one clause of a little-studied antitrust statute from the 1960s provides regulators with the ability to supervise third-party services. This statute-the Bank Service Company Act-stands as a bulwark against third-party risk: when banks export enumerated services to third parties, the bank regulators may supervise the services as if the bank itself were performing them. This Note provides a comprehensive history of the Act and a detailed explanation of its current application. Focusing on three main areas-scope, enforcement, and transparency-this Note finds the statute’s outer limits and recommends changes based on these limits. While some parts of the Act, including its enforcement powers and scope, should be revised, agency action could improve transparency around services and service providers even under the statute’s current form. [ABSTRACT FROM AUTHOR]

FinTech has enabled various financial institutions to reach a larger and more diverse customer base, thus making the unbanked population financially inclusive. This paper aims to systematically review academic papers on Financial Inclusion and FinTech. A combination of these two themes, followed by a bibliometric and network analysis, is carried out for the period ranging from 2012 to 2021, encompassing 219 Scopus publications. The analysis shows that this topic has recently acquired interest and has sufficient potential to grow in the future. Further, the cluster analysis highlights five themes for FinTech researchers, namely: Financial Digital Technologies and MSMEs; Financial Innovation and Sustainable Development; Information Systems and Regulation of Mobile Money; FinTech and Digital Financial Inclusion; FinTech Adoption and Financial Literacy. Moreover, it is observed that a study evaluating the influence of Financial Literacy on FinTech Adoption, which leads to Financial Inclusion, would fill other research gaps in this study. [ABSTRACT FROM AUTHOR]

This paper offers the first approach to the evolution of the structure and the participants in the remittances market of the United States-Mexico corridor. We identify three different layers in the structure and specify the agents that involve clients, remittance providers, and correspondent banks from 1980 to 2020. We show the structural limitations of the market and suggest how the digital economy and financial technology (fintech) could help to reduce the average cost of cross-border payments. The potential benefits from fintech to the remittances market are espe cially relevant for Mexico since it has a high proportion of unbanked population. Furthermore, the reduction to 3% of the remittance fees has been defined as one of the United Nations' 2030 Sustainable Development Goals. A better and deeper understanding of the characteristics of this market could help to achieve this goal. [ABSTRACT FROM AUTHOR]

Open innovation (OI) application has gradually expanded to traditional and institutionalised industries, which have their own institutional logic. Organisations in such industries are subject to strict regulations designed to mitigate risk and build organisational legitimacy. Despite its various advantages, OI adoption and implementation is challenging. Yet, institutional effects could play a critical role in facilitating organisations' change, especially when uncertainty exists. This study focuses on the analytical investigation of the three main institutional effects, i.e. coercive, mimetic and normative forces, on the implementation of OI. A case study approach was used to analyse the issue concerned. A total of four case studies were conducted. The research outcome highlights the role of institutional effects in the implementation of OI. It suggests that institutional effects are an effective means of stimulating the adoption of OI and can guide the organisational innovation process. Moreover, the results highlight the relationship between organisational characteristics and institutional effects. Coercive forces are more important for organisations that are government owned and controlled, while mimetic forces are more crucial for organisations with limited resources. Normative forces have a particular impact on the actions of organisations having direct or indirect ties with the professional networks. [ABSTRACT FROM AUTHOR]

The rapid development of fintech has significantly impacted the traditional financial market and brought technological opportunities for commercial banks. In this context, based on a sample of 36 Chinese commercial banks from 2003-2019, this paper empirically investigates the impact of fintech on the performance of commercial banks through textual analysis. The results show that the effects of fintech on commercial banks' performance are mixed, where technology basis has a significant negative impact on performance, and electronic payment can enhance commercial banks' earnings. In addition, both the negative effect of technology basis and the positive effect of electronic payment on commercial bank performance are more substantial on non-state banks and, at the same time, national banks. [ABSTRACT FROM AUTHOR]

Financial institutions have focused on technology to enhance efficiency and reduce operating costs. We argue that due to competitive pressures, banks may not benefit from these technological investments, which may incur an extra charge to the bank. This research examines if being technologically advanced increases banks' financial performance in a competitive market. The contribution of this study is threefold; it examines, first; the impact of technology adaptation on financial performance, second; the effect of bank competition on banks' financial performance and third; we integrate the theories on tech-performance nexus and competition-performance nexus and examine if competition impacts the relationship between technology and financial performance. The findings suggest that technology enhances banks' financial performance, and competition makes banks fragile, supporting the competition-fragility theory. Moreover, the results on the impact of competition on the tech-performance nexus suggest that banks only benefit from investments in technology under low or moderate levels of market competition and that under highly competitive pressures, technology might not bring that extra competitive advantage to banks. With the said empirical evidence, it becomes clear how important technology can be for banks. The study carries vital policy insights for regulators and practitioners. [ABSTRACT FROM AUTHOR]

The study determined the effect of size, equity, labour, loans, and deposits on the performance of the financial technology (FinTechs; return on assets — ROA and return on equity — ROE). Data on FinTech performance was collected from the Refinitive Eikon platform. As prior studies have found, variables such as size, equity, labour, loans, and deposits can impact the ROA and ROE (Abbasi et al., 2021; Akbar, 2021). Drawing upon prior work examining similar relationships at the firm level one, the research analyzes a sample of 148 FinTech from 10 Organisation for Economic Co-operation and Development (OECD) countries from 2000–2022. Consistent with Abbasi et al.’s (2021) findings regarding FinTech adoption and efficiency, the impact of variables, including size, equity, loans, and deposits on returns, are evaluated. According to the study, it was clear that a rise in the company’s size led to a decline in its financial performance. The findings revealed that assets positively affected the performance of FinTechs across the different financial periods. Labour had a negative effect on the ROA across the OECD countries’ FinTechs, while loans positively affected the performance of the different FinTechs. From the study, there is a need for more collaborative research across academics, policymakers, and industry experts to better the outcomes. [ABSTRACT FROM AUTHOR]

This article applies firm-level quarterly data to investigate the effects of property rights reform and internet finance on Chinese monetary policy effectiveness. We find that internet finance development strengthens monetary policy effects through the interest rate channel more than the credit channel. However, the increasing proportion of state-owned enterprises blocks the interest rate channel. It may improve the monetary operations during a severe recession as it weakens the financial accelerator mechanism. Nevertheless, it hinders the monetary policy's overall effectiveness and the benefit of Fintech innovations in the long term. Hence, institutional reforms are needed to complement Fintech developments. [ABSTRACT FROM AUTHOR]

In the rapidly evolving realm of financial technology, blockchain integration has catalyzed transformative changes. This study delves into the intricate relationship between traditional banks and the blockchain technology. Drawing from the perspectives of International Political Economy (IPE) and Science and Technology Studies (STS), this study understands the blockchain technology through the lens of infrastructure, where power dynamics are constantly shaped by the entity wielding the strongest agency. This analysis delves into how traditional banks strategically leverage blockchain not only for technological integration but to exert control. Grounded in the concept of "power of social interaction," this study reveals how and why banks secure a central position within this evolving infrastructure, dynamically influencing the interplay between technology and financial institutions. A focal point of this exploration is the tokenization process, which illustrates how banks actively engage with blockchain, seamlessly integrating it into their structures to shape the infrastructure narratives. By contributing insights into the implications of blockchain adoption by traditional banks, this study enhances understanding of power dynamics within financial infrastructures and their transformative potential, underscoring the process of infrastructuring governing the endeavor to attain a central position within an infrastructure. [ABSTRACT FROM AUTHOR]

The behavioral literature suggests that minor frictions can elicit desirable behavior without obvious coercion. Using closures of ATMs in a densely populated city as an instrument for small frictions to physical banking access, we find that customers affected by ATM closures increase their usage of the bank's digital platform. Other spillover effects of this adoption of financial technology include increases in point-of-sale transactions, electronic funds transfers, automatic bill payments and savings, and a reduction in cash usage. Our results show that minor frictions can help overcome the status quo bias and facilitate significant behavior change. This paper was accepted by David Sraer, finance. Supplemental Material: Data and the online appendix are available at https://doi.org/10.1287/mnsc.2023.4972. [ABSTRACT FROM AUTHOR]

Purpose: This paper aims to examine how the rise of financial technology (Fintech) lending affects bank competition. Moreover, this study also identifies the structure of Indonesian commercial banking sector and the different behaviour of competition among bank groups (based on their size, type and ownership) and the joint impact of COVID-19 due to the rise of Fintech lending. Design/methodology/approach: Using an unbalanced panel data set of 118 commercial banks in Indonesia over the period 2018–2022, both static panel and 2SLS/IV data analysis were used and found that random effect model is the best model. Findings: The results show that the Indonesian commercial banking sector can be considered as monopolistic competition. Moreover, using the Lerner index reveals that the entry of the Fintech lenders increases bank competition. Furthermore, there were different responses to the impact of Fintech lending on bank competition among state-owned banks, private banks, regional development banks and foreign banks. Greater efficiency and stability lead to greater market power. In the meantime, higher level of asset growth, capitalisation and cost-to-income ratio increase the competition. Lastly, higher bank credit growth and lower inflation boost overall bank competitiveness. Practical implications: This study highlights some policy recommendations for commercial banks to be aware of the coming of Fintech lenders because they have started to increase the market competition. The government should create a more collaborative ecosystem between banks and Fintech lending to anticipate unhealthy competition. Originality/value: This study will contribute to the literature by expanding the determinants of bank competition by considering the rise of Fintech lending in the market. [ABSTRACT FROM AUTHOR]

When a loan applicant voluntarily makes a repayment promise, is it a valuable signal of his/her future repayment behaviour? Cheap talk models have demonstrated the informativeness of promises. We use a unique dataset from a direct lender in China to show that such cheap talk is informative: among new borrowers, those making voluntary promises are more likely to repay than those making no promises, whereas among returning borrowers, those making voluntary promises have a higher likelihood of default than those making no promises. [ABSTRACT FROM AUTHOR]

Purpose: This qualitative study aims to examine bankers' perspectives regarding financial inclusion, the challenges it faces and the scope for improvement. This research proposes a financial inclusion model, considering the inputs received by bankers. Financial exclusion of different sections is an issue common to emerging countries. Design/methodology/approach: Data for qualitative research were collected through interviews with bank officials. The information was gathered from 32 bankers from India's several zones (North, South, West and East). The data were collected from bankers from different public and private sector banks. Thematic analysis was performed up to the point of saturation to study the response received from bankers. Findings: Bank-related issues such as frequent computer problems, network connectivity problems, costs, a shortage of bank branches, fewer transactions through automated teller machines and a shortage of banking staff affect customers' confidence in formal banking. Banking services are disrupted by a lack of trust in banking correspondents (BCs), as they are not regular employees of banks. Limits on daily transactions discourage high-value customers from using BCs and kiosks. The time spent on administrative formalities impacts customers. Financial inclusion is affected by availability, accessibility, usage and affordability. Digital financial literacy is essential for ease of transaction, but awareness about financial products helps protect customers from cyber scams. The findings of this research would benefit financial institutions globally in developing their businesses and helping to achieve financial inclusion and the United Nation's sustainable development goals (SDGs). Originality/value: This research paper undertakes a qualitative analysis of the views collected from bankers. Bankers are crucial stakeholders in the successful implementation of the National Financial Inclusion Policy of the Government of India. Bankers' perspectives will be important not only for India and its researchers but also in the global context, as the UN's SDGs focus on leaving no one behind. [ABSTRACT FROM AUTHOR]

This study conceptualizes the multiple and dynamic landscape of the Korean girl industries as a sexuality-assemblage. This assemblage comprises seemingly anachronistic elements: a long-standing patriarchal and misogynistic social structure; a youth-driven popular culture; a rapid global expansion of the entertainment and media industries; highly advanced digital media technology; and girls’ aspirations, desires, and frustrations. Through this lens, the analysis proposed three territories of girl industries: luminosity, precarity, and risk. These territories are all processual constructions of the interrelated forces of territorialization (neoliberal capitalism, digital media and financial technologies, cultural and entertainment industries, and patriarchy and misogyny) and deterritorialization (girls’ desires, aspirations, capabilities, and vulnerabilities). Considering Korea’s significant situation of gender inequality, the luminosity territory’s dazzling illusion stands in stark contrast to the muted reality of the middle precarity territory, while the risk territory exposes a brutal truth hidden from view. It is also crucial to acknowledge the potential for girls’ agency and solidarity built up across the multiple territories of the girl industries. [ABSTRACT FROM AUTHOR]

Copyright of Arab Journal for Scientific Publishing is the property of Research & Development of Human Recourses Center (REMAH) and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This paper discusses the resilience of science and technology (sci-tech) financial ecosystem. It constructs an evaluation system from four dimensions: resistance, adaptability, recovery and innovation. The data are from 29 provinces in China from 2010 to 2020. It is evaluated using entropy weights–TOPSIS and dynamic evaluation model. The spatial evolution law is revealed by spatial autocorrelation analysis. The results show that: (1) The overall resilience level of sci-tech financial ecosystem is not high. Its evolution and development are generally in a relatively stable state. It has significant regional heterogeneity, showing a distribution pattern of ‘high east and low west’. (2) It has significant spatial positive correlation. The structure of the sci-tech financial ecosystem in the eastern region is highly complex, most provinces are in high–high agglomeration area. Provinces in other regions are mainly in low–low agglomeration area. Only a few provinces have experienced changes in the spatial distribution. (3) The dynamic value in the eastern region shows polarisation characteristics. Although the static value of resilience in the central and western regions is low, the dynamic evaluation value in some provinces in the central and western regions is high. The subsequent growth momentum of resilience in the north-eastern region is insufficient. [ABSTRACT FROM AUTHOR]

The rapid development of China's digital economy has enabled China to lead the world in financial technology (FinTech). In this context, it is imperative to study the impact of FinTech at the macro level on the sources of R&D financing for micro-enterprises. Using the data of A-share listed companies on the main boards of China's Shanghai and Shenzhen cities and the municipal-level FinTech development index from 2011 to 2020, this paper conducts an empirical test by applying the system generalized method of moments estimation (system GMM). Fintech facilitates firms' external financing of R&D. There is significant heterogeneity across different types of firms, with fintech facilitating R&D financing more strongly for young and non-state firms. This study not only complements the literature on the impact of fintech on R&D financing but also has essential practical guidance significance, which can provide valuable guidance and assistance to different types of enterprises in their R&D financing decision-making process. [ABSTRACT FROM AUTHOR]

The study investigates the nonlinear contagion, tail dependence, and Granger causality relations with TAR-TR-GARCH–copula causality methods for daily Bitcoin, Fintech, energy consumption, and CO2 emissions in addition to examining these series for entropy, long-range dependence, fractionality, complexity, chaos, and nonlinearity with a dataset spanning from 25 June 2012 to 22 June 2024. Empirical results from Shannon, Rényi, and Tsallis entropy measures; Kolmogorov–Sinai complexity; Hurst–Mandelbrot and Lo's R/S tests; and Phillips' and Geweke and Porter-Hudak's fractionality tests confirm the presence of entropy, complexity, fractionality, and long-range dependence. Further, the largest Lyapunov exponents and Hurst exponents confirm chaos across all series. The BDS test confirms nonlinearity, and ARCH-type heteroskedasticity test results support the basis for the use of novel TAR-TR-GARCH–copula causality. The model estimation results indicate moderate to strong levels of positive and asymmetric tail dependence and contagion under distinct regimes. The novel method captures nonlinear causality dynamics from Bitcoin and Fintech to energy consumption and CO2 emissions as well as causality from energy consumption to CO2 emissions and bidirectional feedback between Bitcoin and Fintech. These findings underscore the need to take the chaotic and complex dynamics seriously in policy and decision formulation and the necessity of eco-friendly technologies for Bitcoin and Fintech. [ABSTRACT FROM AUTHOR]

In recent years, propelled by societal transformations and technological advancements, emerging technologies founded upon diverse disciplines such as financial and information technology have rapidly evolved. Identifying the trends associated with these emerging technologies and extracting their salient topics is crucial in order to accurately grasp the developmental trajectory of these tools and for their efficient utilization. In this study, we chronologically categorize information derived from five types of multi-source data, including journal articles, patent inventions, and industry reports, into distinct periods. We employ the LDA (Latent Dirichlet Allocation) topic model to identify emerging technological themes within these periods and utilize a dual-index theme lifecycle analysis method to construct a hotspot theme distribution map, thereby facilitating the extraction of significant themes. Through empirical research on blockchain financial technology, we ultimately identify 22 thematic areas of blockchain finance and extracted eight prominent themes, including financial technology, cross-border payments, digital invoices, supply chain finance, and decentralization. By analyzing these themes alongside their respective popularity levels, we validate that the methods above can be used to effectively identify emerging technological hotspots and illuminate their developmental directions. [ABSTRACT FROM AUTHOR]

In recent years, the Chinese financial industry has significantly enhanced its support for the real economy's quality and efficiency. However, there are still numerous constraints hindering the high-quality development of finance. The concept of new quality productive forces can theoretically guide the practical development of financial innovation. Existing literature on the concept and connotations of new quality productive forces in the financial sector, as well as its impact on the high-quality development of finance, is just beginning. Particularly lacking are definitive definitions and interpretations of financial new quality productive forces, as well as profound theoretical research promoting high-quality development of finance. This article first explores the essence of financial new quality productive forces, emphasizing it as the fundamental driving force behind high-quality financial development. It plays a leading role in technological and pattern innovation, combining financial technology innovation with industry innovation in a way that conforms to the laws of financial development as an advanced productivity state. Secondly, based on the Perez technology-economic paradigm, it argues that financial new quality productive forces not only possess basic characteristics of high technology, efficiency, and quality, but also feature technological-economic characteristics such as data-driven processes, technological innovation, cross-border integration, and open collaboration. Building upon these characteristics, the article further constructs a theoretical analytical framework encompassing three dimensions: "momentum, format, and ecology", to clarify the theoretical logic of how financial new quality productive forces promote high-quality financial development. Moreover, it analyzes the constraints faced by financial new quality productive forces, including issues such as inadequate financial infrastructure adaptation, insufficient control over financial technology innovation, untapped potential in high-quality financial data elements. and the inability of financial innovation to meet the demands of real economy financial services. Finally, from academic exploration and perspectives on financial innovation, the article proposes relevant suggestions to effectively implement financial new quality productive forces and empower high-quality financial development. In contrast to previous literature, this study expands in two main aspects: firstly, it comprehensively discusses the definition and essence of financial new quality productive forces, summarizes its technological-economic characteristics of data-driven, technological innovation, cross-border integration, and open collaboration, which lays a theoretical foundation for its role in promoting high-quality financial development. Secondly, it systematically analyzes the inherent mechanisms through which financial new quality productive forces promote high-quality financial development, exploring potential operational mechanisms. This research partly reveals the internal logic through which financial new quality productive forces promote high- quality financial development, aiding in constructing a distinctive Chinese modern financial system and an open, innovative financial ecosystem, steadfastly advancing along the path of China's unique financial development. [ABSTRACT FROM AUTHOR]

The human race has been confronting the issue of poverty which is threatening its continued existence for a long time. Poor access to finance can lead to poverty this breeds health issues, lack of access to social and recreational facilities, social delinquencies, reduced living standard, malnutrition and economic difficulties. The goal of defeating poverty in its various ramification remains a cardinal concern for policy formulators in the Nigerian state and international bodies such as the World Bank and United Nations. Following the thriving emergence of financial technology (fintech) in Nigeria, there exist a dearth in academic researches to examine how fintech can be a driver in the reduction of poverty. This study examined the impact of financial technology on poverty reduction in Nigeria. Data on poverty rate, financial technology, mortality rate, literacy rate and gross domestic products were obtained from the National Bureau of Statistics (NBS) in Nigeria and the Central Bank of Nigeria (CBN) statistical bulletin for the period of 1991 - 2021. This study employed the multiple linear regression estimation technique to analyse collected data as it examines a cross-section of major key independent variables across a time series data, on the premise of a common effect model. Data analysed indicates a negative and significant nexus between poverty rate and financial technology innovation. The result also suggest that literacy rate and poverty rate have a negative and insignificant relationship. The poverty rate was also found to be positively and insignificantly related to mortality rate and gross domestic products respectively. The study findings have several significant policy implications. Firstly, infrastructures that support internet and mobile telephony should be expanded by providing incentives for investment since technology is the backbone of the operations of fintech. Secondly, education on fintech, information communication technology and finance should be increased to fill the gap among citizens who are not technological inclined especially in the rural areas to increase the use of fintech. Lastly, there should be further regulatory interventions through reforms to remove the barriers to credit. [ABSTRACT FROM AUTHOR]

• Provides a new framework for analyzing UIB credit risk by emphasizing the role of local government implicit debt governance. • Explores the moderating effect of financial technology development on the effectiveness of debt governance. • Examines the specific mechanisms (asset extension and risk warranty) through which debt governance influences UIB credit risk. • Compares the effectiveness of the 2018 and 2014 local government debt governance policies. Growing concerns surrounding urban investment bond (UIB) defaults in China necessitate a thorough examination of risk mitigation strategies. This study investigates the impact of local government implicit debt governance on UIB credit risk using a propensity score matching difference-in-differences (PSM-DID) approach. Our findings reveal that effective debt governance significantly reduces UIB credit risk, particularly for bonds issued by local government financing vehicles (LGFVs) with "high bargaining power". However, financial technology development may obscure credit risks and dampen the positive effects of governance. Further analysis, grounded in the "financial potential energy" framework, highlights the mediating roles of asset extension and risk warranty. Comparing the 2014 "Document No. 43" with the 2018 debt governance policy, we find the latter to be more effective in mitigating UIB credit risk. This study offers valuable insights into the micro-level effects of local government debt governance and provides guidance for policymakers in managing credit risks. [ABSTRACT FROM AUTHOR]

This study aims to analyze the influence of Fintech Payment, Financial Literacy, and Service Accessibility on Financial Management among the residents of Sigli City. The research employs a quantitative approach with a survey method, involving 100 respondents selected using the Lemeshow technique. Data analysis uses Structural Equation Modeling-Partial Least Square (SEM-PLS) with SmartPLS 3.0. The findings indicate that all indicators have good validity and reliability. The evaluation of the structural model suggests that the variables of Fintech Payment, Financial Literacy, and Service Accessibility have a positive and significant impact on Financial Management. Fintech Payment assists the community in managing their finances through the features provided, Financial Literacy enhances individuals' ability to make better financial decisions, and Service Accessibility improves the ease with which the community can utilize financial services. [ABSTRACT FROM AUTHOR]

Copyright of Journal of Accounting & Finance Management (JAFM). is the property of Dinasti Publisher and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The integration of Artificial Intelligence (AI) in the FinTech industry has significantly reshaped operational workflows, product innovation, and risk management, all of which are pivotal to company valuation. This study investigates the impact of AI-enhanced multilayer networks on FinTech valuation, introducing a novel, scalable multilayer network model with AI-driven Copula Nodes that serve as connectors across operational layers. By incorporating AI, the research unveils a dynamic and interconnected approach to FinTech valuation, revealing new pathways for value co-creation through real-time adjustments and predictive capabilities. The research reveals that while operational efficiency is a major driver of market value, a balanced integration of AI across risk management, product innovation, and market perception is essential for maximizing value. Additionally, the findings highlight the importance of managing AI-driven risks such as algorithmic bias and regulatory challenges. This comprehensive framework offers critical insights for FinTechs, investors, and regulators seeking to understand the complex role of AI in enhancing valuation within the evolving financial services landscape. [ABSTRACT FROM AUTHOR]

Commercial banks constitute a crucial segment of China's financial system, and their efficient operation is directly linked to the development of other sectors within the national economy. The sustainable profitability of these banks is vital for maintaining the stability of China's financial system. In the context of the current digital economy, it is of great theoretical and practical significance to conduct an in-depth analysis of the impact of financial technology (fintech) development on the sustainable profitability of commercial banks and its underlying mechanisms. Such research can promote the digital transformation of commercial banks, enhance risk supervision policies, and mitigate systemic financial risks. This study utilizes EViews software Version 13 to analyze annual data from 13 listed commercial banks in China over the period from 2011 to 2021. It examines the influence of fintech on the profitability of these banks, considering their unique characteristics and drawing insights from the existing literature on the mechanisms through which fintech affects bank profitability. Employing both a static panel fixed effects variable-intercept model and a dynamic panel generalized method of moments (GMM) model, the empirical findings indicate that fintech development significantly impacts the profitability of listed commercial banks. [ABSTRACT FROM AUTHOR]

As the global financial ecosystem undergoes a paradigm shift toward sustainability, platforms emerge as instrumental intermediaries, connecting diverse stakeholders, facilitating information flow, and catalyzing impactful investments. This paper analyses the evolving landscape of sustainable finance and investigates the role of platforms in fostering its growth. Sustainable finance platform-based enablers were determined using a systematic literature review and bibliometric techniques on a sample of papers retrieved from the SCOPUS database, and included crowdfunding platforms, impact investment platforms, peer-to-peer (P2P) lending platforms, blockchain-based financing platforms, and ESG data platforms. The analysis showed that platform-based solutions act as accelerators of sustainable finance mobilization, by enhancing transparency of the processes, and by improving dissemination and accessibility of the funds needed. Thus, platform-based solutions help a broader set of stakeholders direct the potential of platforms to accelerate the transition toward a more sustainable and inclusive global financial system. [ABSTRACT FROM AUTHOR]

The transformative impact of AI technologies on the financial sector has been a topic of increasing interest. This study investigates ChatGPT's applications in financial reasoning and analysis and evaluates ChatGPT-4o's effectiveness and limitations in conducting both basic and complex financial analysis tasks. By designing a series of multi-step, advanced reasoning tasks and establishing task-specific evaluation metrics, we assessed ChatGPT-4o's performance compared to human analysts. Results indicate that while ChatGPT-4o demonstrates proficiency in basic and some complex financial tasks, it struggles with deep analytical and critical thinking tasks, especially in specialized finance areas. This study underscores the need for meticulous task formulation and robust evaluation in AI financial applications. While ChatGPT enhances efficiency, integrating it with human expertise is crucial for effective decision-making. Our findings highlight both the potential and limitations of ChatGPT-4o in financial analysis, providing valuable insights for future AI integration in the finance sector. [ABSTRACT FROM AUTHOR]

The FinTech market globally is emerging as an alternative to the traditional cash-driven economy. Although most of the population has adapted to the innovation that has taken place in the financial services sector, a substantial proportion of the population remains unbanked. It has a shallow awareness of the financial products and services available. Banks, financial service providers, investment advisers and business houses are attempting to adopt new technologies in collaboration with FinTech companies. Understanding consumer adoption and their experience of new technologies can help FinTech service providers integrate ideas and deliver seamless offerings. This article employs a systematic literature review of a total of 111 publications from 2016 to 2023 on the consumer adoption/acceptance of FinTech products and services. It identifies seven research clusters from the extant literature to note the trends in adoption and enlist the challenges faced by the usage of FinTech along with emerging trends in attention. The study used VOSviewer to provide the results of keyword analysis, world distribution and linkages of selected publications. The article explored the acceptance and reception of financial innovation in the past eight years as per the identified clusters which was shown by the increase in the number of publication's chart. It also contributes to the field by mentioning the benefits that have been reaped across industries and sectors with the adoption of FinTech by discussing the participation of authors in various clusters in detail. [ABSTRACT FROM AUTHOR]

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This paper aims to understand the impact of factors affecting the relationship between intention and using Fintech in the VUCA era, which stands for volatility, uncertainty, complexity, and ambiguity. A cross-sectional design was employed in this study. The data was collected via questionnaires, with 1,411 usable responses received through the survey. Partial least squares structural equation modeling (PLS-SEM) was employed to assess the process with SmartPLS 4. Our research did figure out the positive impact of Perceived Usefulness and Perceived Ease of use on behavioral intention and the positive impact of Intention on Using Fintech behavior. Simultaneously, we indicated that Financial literacy could moderate the relationship between Intention and Using Fintech behavior, and Financial self-efficacy would be a mediator of the association between Financial literacy and Using Fintech behavior. Based on the results, we make some recommendations for Fintech developers in Vietnam. [ABSTRACT FROM AUTHOR]

By 2030, the global chatbot market in the fintech industry is expected to reach 6.83 billion USD (Vailshery 2022), and while using chatbots, consumers might be unable to tell whether they are interacting with a human. As chatbots are increasingly being used to provide a more human-like service experience, understanding the factors affecting trust, adoption, and how chatbots drive consumer experience in insurtech is important. This study investigates key factors that encourage (practicity, enjoyment and personalization) and inhibit (privacy concerns, creepiness) trust in and intention to adopt a chatbot and the moderating role of technology anxiety. To do so, 430 respondents applied a simulated auto insurance quote involving a textual-based chatbot and responded to a questionnaire. The results highlight practicity and enjoyment as the key drivers of trust and adoption intention, while the positive impact of personalization is marginal. Creepiness decreases trust in chatbots and their adoption intention, whereas privacy concerns have little effect. Almost half of these relationships are moderated by technological anxiety; for instance, trust does not translate into stronger adoption intention for technology-anxious users, but positively impacts less anxious users. Managerial implications are provided for the successful implementation of chatbots. [ABSTRACT FROM AUTHOR]

Copyright of Environmental & Social Management Journal / Revista de Gestão Social e Ambiental is the property of Environmental & Social Management Journal and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)