Financial Technology (Fintech) and Sustainable Financing

A special issue of Journal of Risk and Financial Management (ISSN 1911-8074). This special issue belongs to the section "Financial Technology and Innovation".

Deadline for manuscript submissions: closed (15 July 2022) | Viewed by 29042

Special Issue Editor

Special Issue Information

Dear Colleagues,

The recent advancement of blockchain technology and digital innovations has become a driving force for the transformation and development of the global financial system. In a relatively short period, the emergence of a new generation of Financial Technology (Fintech) has greatly impacted financial markets, investments and asset management while changing traditional practices and the future of finance. The use of financial technology has especially been pivotal during the current COVID-19 pandemic in unlocking new sources of financing as well as developing a platform for business organisations to interact with stakeholders and other businesses.

This Special Issue aims to invite researchers to present their creative thoughts and outstanding works on blockchain technology, digital currencies, cryptocurrency markets, innovative investment portfolios and sustainability-driven financing. Contents of the Special Issue will mainly focus on theoretical analyses and empirical explorations on the synergy between finance and technology. Topics of interest include, but are not limited to:

1. The use of Artificial Intelligence in Robo-advising and the development of stock trading apps
2. The impact of Fintech on the Finance profession
3. Cryptocurrency as an alternative investment
4. Digital payment systems and buy now pay later services
5. Crowdfunding platforms
6. Peer to peer lending
7. Digital banking and the future of banking systems
8. Mobile payment technology
9. The use of blockchain technology in building financial market infrastructure
10. Green finance & sustainable development
11. Green banking & products
12. Green investing

Prof. Dr. Sisira R.N. Colombage
Guest Editor

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 submissions that pass pre-check are 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. Journal of Risk and Financial Management is an international peer-reviewed open access monthly 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

  • Blockchain
  • Cryptocurrencies
  • Digital payment
  • Investment management
  • Fintech research
  • Crowdfunding
  • Regtech
  • Insurtech
  • Virtual banking
  • BNPL systems
  • Cryptomarket
  • Financial stability
  • Sustainable funds
  • Green bonds
  • Impact investing
  • Green banking

Published Papers (5 papers)

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Research

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37 pages, 3354 KiB  
Article
Opportunities and Barriers for FinTech in SAARC and ASEAN Countries
by Tasadduq Imam, Angelique McInnes, Sisira Colombage and Robert Grose
J. Risk Financial Manag. 2022, 15(2), 77; https://0-doi-org.brum.beds.ac.uk/10.3390/jrfm15020077 - 13 Feb 2022
Cited by 16 | Viewed by 6410
Abstract
This article assesses the opportunities and challenges for different categories of FinTechs in the SAARC and ASEAN regions. We consider the global financial inclusion data released by the World Bank and map the responses to gain insights into the opportunities and challenges for [...] Read more.
This article assesses the opportunities and challenges for different categories of FinTechs in the SAARC and ASEAN regions. We consider the global financial inclusion data released by the World Bank and map the responses to gain insights into the opportunities and challenges for FinTechs in the respective regions. We develop a new index, termed the FinTech Opportunity Index (FOI), to conceptualise the opportunities and barriers based on individual savings, borrowings, purchasing behaviour, and payment preferences. We note that FinTech services have potential opportunities for expansion in the ASEAN regions but less so in the SAARC regions. The need for different types of FinTech services varies between regions. Services such as crowdfunding, neobanks, and InsurTech have potential in the ASEAN regions, especially with the positive attitude towards entrepreneurship and asset investments. In the SAARC regions, InsurTechs linked to health care has potential along with LendTechs and neobanks. We further note that males, and the young are more likely adopters of FinTechs in both regions. The analysis suggests the need for innovative promotions and education to motivate the more sceptical, especially women and the elderly population, to adopt FinTech services. Full article
(This article belongs to the Special Issue Financial Technology (Fintech) and Sustainable Financing)
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16 pages, 1529 KiB  
Article
Assessment of the Competitiveness of Islamic Fintech Implementation: A Composite Indicator for Cross-Country Analysis
by Sofya Glavina, Irina Aidrus and Anna Trusova
J. Risk Financial Manag. 2021, 14(12), 602; https://0-doi-org.brum.beds.ac.uk/10.3390/jrfm14120602 - 13 Dec 2021
Cited by 8 | Viewed by 3721
Abstract
Islamic fintech is growing fast, especially in the Organisation of Islamic Cooperation (OOIC) member countries. In recent years, it has become one of the driving forces for the Islamic financial industry. Though the pandemic negatively affected global financial business, including conventional and Islamic [...] Read more.
Islamic fintech is growing fast, especially in the Organisation of Islamic Cooperation (OOIC) member countries. In recent years, it has become one of the driving forces for the Islamic financial industry. Though the pandemic negatively affected global financial business, including conventional and Islamic segments, Islamic fintech has continued its steady development. i-Fintech increases access to Islamic financial services and financial inclusion in general to provide ESG-rich investment opportunities. The rise of Islamic fintech can help countries become financial hubs and promote sustainable development goals. This paper is aimed at designing an original composite indicator of the competitiveness of Islamic fintech adoption in order to perform a comprehensive assessment of the competitive advantages that are being used across various countries. The research methodology includes data for 65 countries where Islamic fintech companies are represented. We analysed 31 variables describing the development of Islamic financial technologies in each country and combined them into five categories included in the composite indicator. Key factors that determine the development of Islamic financial technologies in different countries around the globe are singled out. The economies with the highest scores are analysed to define their strengths and weaknesses. The practices of the leading countries that address identified vulnerabilities are described. Full article
(This article belongs to the Special Issue Financial Technology (Fintech) and Sustainable Financing)
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15 pages, 2538 KiB  
Article
The Ascent of Bitcoin: Bibliometric Analysis of Bitcoin Research
by Ahmet Faruk Aysan, Hüseyin Bedir Demirtaş and Mustafa Saraç
J. Risk Financial Manag. 2021, 14(9), 427; https://0-doi-org.brum.beds.ac.uk/10.3390/jrfm14090427 - 06 Sep 2021
Cited by 27 | Viewed by 6410
Abstract
Bitcoin, as the first decentralized cryptocurrency, pioneers the cryptocurrency markets, both in terms of market capitalization and scientific interest. In this paper, we performed a comprehensive bibliometric study of the Bitcoin-related literature. Using the Scopus database, we created a sample that comprises 4495 [...] Read more.
Bitcoin, as the first decentralized cryptocurrency, pioneers the cryptocurrency markets, both in terms of market capitalization and scientific interest. In this paper, we performed a comprehensive bibliometric study of the Bitcoin-related literature. Using the Scopus database, we created a sample that comprises 4495 documents written in the 2011–2020 period. Furthermore, we provided insights about dimensions such as the change in the number of publications over the course of years, the main research areas, types of published documents, most important platforms and sources of Bitcoin publications, highly cited studies, productive authors, author’s countries, and finally main funders of Bitcoin-related research. Lastly, our bibliometric study manifests the current state and future path of Bitcoin literature from distinct perspectives. Full article
(This article belongs to the Special Issue Financial Technology (Fintech) and Sustainable Financing)
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29 pages, 732 KiB  
Article
Does the Hashrate Affect the Bitcoin Price?
by Dean Fantazzini and Nikita Kolodin
J. Risk Financial Manag. 2020, 13(11), 263; https://0-doi-org.brum.beds.ac.uk/10.3390/jrfm13110263 - 30 Oct 2020
Cited by 21 | Viewed by 7727
Abstract
This paper investigates the relationship between the bitcoin price and the hashrate by disentangling the effects of the energy efficiency of the bitcoin mining equipment, bitcoin halving, and of structural breaks on the price dynamics. For this purpose, we propose a methodology based [...] Read more.
This paper investigates the relationship between the bitcoin price and the hashrate by disentangling the effects of the energy efficiency of the bitcoin mining equipment, bitcoin halving, and of structural breaks on the price dynamics. For this purpose, we propose a methodology based on exponential smoothing to model the dynamics of the Bitcoin network energy efficiency. We consider either directly the hashrate or the bitcoin cost-of-production model (CPM) as a proxy for the hashrate, to take any nonlinearity into account. In the first examined subsample (01/08/2016–04/12/2017), the hashrate and the CPMs were never significant, while a significant cointegration relationship was found in the second subsample (11/12/2017–24/02/2020). The empirical evidence shows that it is better to consider the hashrate directly rather than its proxy represented by the CPM when modeling its relationship with the bitcoin price. Moreover, the causality is always unidirectional going from the bitcoin price to the hashrate (or its proxies), with lags ranging from one week up to six weeks later. These findings are consistent with a large literature in energy economics, which showed that oil and gas returns affect the purchase of the drilling rigs with a delay of up to three months, whereas the impact of changes in the rig count on oil and gas returns is limited or not significant. Full article
(This article belongs to the Special Issue Financial Technology (Fintech) and Sustainable Financing)
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Review

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21 pages, 4143 KiB  
Review
Green and Sustainable Life Insurance: A Bibliometric Review
by Haitham Nobanee, Ghaith Butti Alqubaisi, Abdullah Alhameli, Helal Alqubaisi, Nouf Alhammadi, Shahla Alsanah Almasahli and Noora Wazir
J. Risk Financial Manag. 2021, 14(11), 563; https://0-doi-org.brum.beds.ac.uk/10.3390/jrfm14110563 - 22 Nov 2021
Cited by 11 | Viewed by 3527
Abstract
Presently, there is a growing concern about implementing sustainable practices among businesses worldwide. Risk management is observed to contribute to the promotion of exercised business sustainability significantly. The study aims to examine published articles focusing on the role of risk management in promoting [...] Read more.
Presently, there is a growing concern about implementing sustainable practices among businesses worldwide. Risk management is observed to contribute to the promotion of exercised business sustainability significantly. The study aims to examine published articles focusing on the role of risk management in promoting business sustainability practices and its advancement in the Cambridge online database to determine the current trend direction of this field. The paper’s conducted analysis is based on bibliographic co-word clustering analysis of the collected studies from the database. The research’s output disclosed four keyword clusters in the gathered articles’ titles and identified the most interested journals, countries, authors, subject areas, and organizations in the said topic and its popular research period. Based on the research output, recommendations regarding future research were provided, including expanding the list of databases for the data collection phase and utilizing the bibliographic coupling relations approach in the bibliometric analysis. Full article
(This article belongs to the Special Issue Financial Technology (Fintech) and Sustainable Financing)
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