Critical development of Islamic financial technology ecosystem: lesson learned from financial technology literature

Purpose: This study aims to draw lessons from the financial technology (FinTech) ecosystem literature through a systematic literature review. Design/methodology/approach: This study systematically studied a sample of 134 articles from the Scopus database to assess the pattern of research development...

Full description

Bibliographic Details
Published in:Journal of Islamic Accounting and Business Research
Main Author: Hijriah H.Y.; Rusgianto S.; Kholidah H.; Herianingrum S.; Md Sahiq A.N.
Format: Article
Language:English
Published: Emerald Publishing 2024
Online Access:https://www.scopus.com/inward/record.uri?eid=2-s2.0-85204198367&doi=10.1108%2fJIABR-03-2024-0114&partnerID=40&md5=5d8c6c528ff755523a1688d65f96e5d0
id 2-s2.0-85204198367
spelling 2-s2.0-85204198367
Hijriah H.Y.; Rusgianto S.; Kholidah H.; Herianingrum S.; Md Sahiq A.N.
Critical development of Islamic financial technology ecosystem: lesson learned from financial technology literature
2024
Journal of Islamic Accounting and Business Research


10.1108/JIABR-03-2024-0114
https://www.scopus.com/inward/record.uri?eid=2-s2.0-85204198367&doi=10.1108%2fJIABR-03-2024-0114&partnerID=40&md5=5d8c6c528ff755523a1688d65f96e5d0
Purpose: This study aims to draw lessons from the financial technology (FinTech) ecosystem literature through a systematic literature review. Design/methodology/approach: This study systematically studied a sample of 134 articles from the Scopus database to assess the pattern of research development within the scope of the FinTech ecosystem over the last 15 years (2008–2023). Findings: The results obtained indicated that the current research focus leads to several aspects: digital technology and financial inclusion, FinTech and customer behavior, FinTech ecosystem, business model, as well as aspects of governance and regulation. In the effort to develop Islamic FinTech, some aspects that might be targeted include aspects of business development and the Islamic FinTech ecosystem in general, extending financial inclusion to governance and managerial implementation of Islamic FinTech itself. Research limitations/implications: This research has limitations because it did not focus on the study of more specialized sectors, such as insurance or microfinance institutions, in adopting FinTech, requiring the use of other specifications of institutions in addition to Islamic banking. Practical implications: This research has substantial theoretical implications in mapping the intellectual structure of Islamic FinTech research, which has been underexplored by previous researchers, as well as providing essential information about which sectors should be prioritized to encourage inclusiveness and overall performance of financial institutions. Originality/value: This research explores more deeply with a comprehensive approach so that it becomes a pioneer in the study of FinTech ecosystem literature for the development of Islamic FinTech. © 2024, Emerald Publishing Limited.
Emerald Publishing
17590817
English
Article

author Hijriah H.Y.; Rusgianto S.; Kholidah H.; Herianingrum S.; Md Sahiq A.N.
spellingShingle Hijriah H.Y.; Rusgianto S.; Kholidah H.; Herianingrum S.; Md Sahiq A.N.
Critical development of Islamic financial technology ecosystem: lesson learned from financial technology literature
author_facet Hijriah H.Y.; Rusgianto S.; Kholidah H.; Herianingrum S.; Md Sahiq A.N.
author_sort Hijriah H.Y.; Rusgianto S.; Kholidah H.; Herianingrum S.; Md Sahiq A.N.
title Critical development of Islamic financial technology ecosystem: lesson learned from financial technology literature
title_short Critical development of Islamic financial technology ecosystem: lesson learned from financial technology literature
title_full Critical development of Islamic financial technology ecosystem: lesson learned from financial technology literature
title_fullStr Critical development of Islamic financial technology ecosystem: lesson learned from financial technology literature
title_full_unstemmed Critical development of Islamic financial technology ecosystem: lesson learned from financial technology literature
title_sort Critical development of Islamic financial technology ecosystem: lesson learned from financial technology literature
publishDate 2024
container_title Journal of Islamic Accounting and Business Research
container_volume
container_issue
doi_str_mv 10.1108/JIABR-03-2024-0114
url https://www.scopus.com/inward/record.uri?eid=2-s2.0-85204198367&doi=10.1108%2fJIABR-03-2024-0114&partnerID=40&md5=5d8c6c528ff755523a1688d65f96e5d0
description Purpose: This study aims to draw lessons from the financial technology (FinTech) ecosystem literature through a systematic literature review. Design/methodology/approach: This study systematically studied a sample of 134 articles from the Scopus database to assess the pattern of research development within the scope of the FinTech ecosystem over the last 15 years (2008–2023). Findings: The results obtained indicated that the current research focus leads to several aspects: digital technology and financial inclusion, FinTech and customer behavior, FinTech ecosystem, business model, as well as aspects of governance and regulation. In the effort to develop Islamic FinTech, some aspects that might be targeted include aspects of business development and the Islamic FinTech ecosystem in general, extending financial inclusion to governance and managerial implementation of Islamic FinTech itself. Research limitations/implications: This research has limitations because it did not focus on the study of more specialized sectors, such as insurance or microfinance institutions, in adopting FinTech, requiring the use of other specifications of institutions in addition to Islamic banking. Practical implications: This research has substantial theoretical implications in mapping the intellectual structure of Islamic FinTech research, which has been underexplored by previous researchers, as well as providing essential information about which sectors should be prioritized to encourage inclusiveness and overall performance of financial institutions. Originality/value: This research explores more deeply with a comprehensive approach so that it becomes a pioneer in the study of FinTech ecosystem literature for the development of Islamic FinTech. © 2024, Emerald Publishing Limited.
publisher Emerald Publishing
issn 17590817
language English
format Article
accesstype
record_format scopus
collection Scopus
_version_ 1812871795323174912