Investigating the Effect of FinTech Implementation Components in the Banking Industry of Iran

Advances in Mathematical Finance and Applications

مقاله 16، دوره 8، شماره 2، مرداد 2023، صفحه 625-643   

نوع مقاله: َApplied-Research Paper

شناسه دیجیتال (DOI): 10.22034/amfa.2022.1952853.1704

نویسندگان

Mohammad Gholami¹؛ Peyman Ghafari Ashtiani^{* 2}؛ Majid Zanjirdar³؛ Gholamali Haji⁴

¹Department Of Management Arak Branch, Islamic Azad University, Arak, Iran.

²Department Of Business Management, Arak Branch, Islamic Azad University, Arak, Iran

³Department Of Accounting, Arak Branch, Islamic Azad University, Arak, Iran

⁴Department Of Economics Arak Branch, Islamic Azad University, Arak, Iran

چکیده

FinTech is the solution that strengthens the way of financial communication and if we apply this technology, it will provide us with new methods of performing smarter, more agile and wider financial services. The purpose of this study is to investigate and analyze the factors affecting the implementation of FinTech in Iran's banking industry using structural equation modeling to provide comprehensive solutions of removing barriers and development of this industry in the Iranian banking industry by fully understanding the current situation. The present article is of descriptive-analytical type and data collection has been done through library studies and questionnaires. The statistical sample of the study was 12147 personnel working in Iran's banks in 1400. Due to the size of the population, Cochran’s method and random sampling method were used to determine the sample size. To analyze and classify the extracted data, a questionnaire and a test of the main hypothesis and sub-hypotheses and structural equation modeling were used using smart PLS statistical software. The obtained results confirm the main hypothesis and the sub-hypotheses of the research. The results indicated that in the banking sector, there is a need for legalization and harmonization with upstream laws, as well as the need for infrastructure and tools that are very important in adopting strategies to implement FinTech in Iran's banking industry, in order to make transparency, reduce costs, provide high-speed services, and move towards a smart economy.

کلیدواژه‌ها

Financial Technology؛ Block chain؛ Open Banking؛ Structural Equations؛ Smart Economy

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