Special Issue "The Financial Industry 4.0 Part 2"

A special issue of International Journal of Financial Studies (ISSN 2227-7072).

Deadline for manuscript submissions: 28 January 2022.

Special Issue Editors

Dr. Thanh Ngo
E-Mail Website
Guest Editor
School of Aviation, Massey University, Milson, 4478 Palmerston North, New Zealand
Interests: banking and finance; efficiency and productivity; frontier analysis; DEA; SFA; applied econometrics
Special Issues, Collections and Topics in MDPI journals
Prof. Dr. Aviral Kumar Tiwari
E-Mail Website
Guest Editor
Rajagiri Business School, Rajagiri Valley Campus, Kochi 682039, India
Interests: energy and environmental economics, tourism, cryptocurrencies, applied econometrics (linear and non-linear time series and panel data techniques); applied macroeconomics; open economy macroeconomics; public finance and fiscal policy
Special Issues, Collections and Topics in MDPI journals
Dr. Tu Le
E-Mail Website
Guest Editor
Institute for Development and Research in Banking Technology (IBT), Vietnam National University, Hochiminh City 700000, Vietnam
Interests: managerial finance; capital structure; bank profitability

Special Issue Information

Dear Colleagues,

In 2019–2020, we successfully launched a Special Issue on The Financial Industry 4.0, which attracted many submissions—articles that were accepted and published in the Special Issue were among the top-viewed and top-cited articles of IJFS in 2020. Given that the role of technology and innovation in the financial sector has been, and is going to be, more and more important—especially in a post-COVID-19 era where work-from-home and social-distancing are in place—we decided to launch a new Special Issue on the same topic of The Financial Industry 4.0-Part 2.

The potential areas to be included in this Special Issue include but are not limited to:

  • The development and performance of technology-based financial firms such as FinTech, InsurTech, RegTech, WealthTech and RiskTech.
  • Technological development and implementation at incumbent financial institutions and their impacts.
  • The relationship between technology-based financial firms and incumbent players.
  • The roles of technology and innovation in the financial sector, especially in the post-COVID-19 era.

Dr. Thanh Ngo
Prof. Dr. Aviral Kumar Tiwari
Dr. Tu Le
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All papers will be peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. International Journal of Financial Studies is an international peer-reviewed open access quarterly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • Industry 4.0
  • Financial institutions
  • Technology and innovation
  • Technology-based financial firms
  • Blockchain and cryptocurrency
  • Fintech
  • Post-COVID-19 era

Published Papers (2 papers)

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Research

Article
Did Financial Consumers Benefit from the Digital Transformation? An Empirical Investigation
Int. J. Financial Stud. 2021, 9(4), 57; https://0-doi-org.brum.beds.ac.uk/10.3390/ijfs9040057 - 18 Oct 2021
Viewed by 319
Abstract
This study aimed to test, through empirical investigation, how the rapid advancement of digital transformation (DT) has impacted the price of financial services. To this end, we compiled a set of macro-level indicators on the aggregate outcomes of the financial services sector in [...] Read more.
This study aimed to test, through empirical investigation, how the rapid advancement of digital transformation (DT) has impacted the price of financial services. To this end, we compiled a set of macro-level indicators on the aggregate outcomes of the financial services sector in Korea over the last three decades and conducted an analysis to gauge the effects of DT on the country using those indicators. Using the ARDL-ECM (autoregressive distributed lag error-correction model), we show that, over time, the unit cost of financial intermediation in Korea has tended to move in tandem with the growth in economic output, although the profit portion of the unit cost has not exhibited a long-term relationship with the GDP trend. The long-term effect of the DT trend is negative (i.e., cost-saving) for labor input, capital expenditure, and the total unit cost of financial intermediation, which are all shown to be statistically significant. Consequently, we conclude that DT contributed to enhancing consumer benefit, mainly by achieving the operational efficiency of labor and capital, from 1990 to 2019 in Korea. From a policy perspective, our finding implies that DT-driven innovation in the sector can benefit financial customers if excessive levels of profit are restrained through market competition. Full article
(This article belongs to the Special Issue The Financial Industry 4.0 Part 2)
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Article
Fintech Credit and Bank Efficiency: International Evidence
Int. J. Financial Stud. 2021, 9(3), 44; https://0-doi-org.brum.beds.ac.uk/10.3390/ijfs9030044 - 17 Aug 2021
Cited by 1 | Viewed by 1251
Abstract
The expansion of fintech credit around the world is challenging the global banking system. This study investigates the interrelationships between the development of fintech credit and the efficiency of banking systems in 80 countries from 2013 to 2017. The findings indicate a two-way [...] Read more.
The expansion of fintech credit around the world is challenging the global banking system. This study investigates the interrelationships between the development of fintech credit and the efficiency of banking systems in 80 countries from 2013 to 2017. The findings indicate a two-way relationship between them. More specifically, a negative relationship between bank efficiency and fintech credit implies that fintech credit is more developed in countries with less efficient banking systems. Meanwhile, a positive impact of fintech credit on the efficiency of banking systems suggests that fintech credit may serve as a wake-up call to the banking system. Therefore, fintech credit should be encouraged by the authorities around the world. Full article
(This article belongs to the Special Issue The Financial Industry 4.0 Part 2)
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