Evaluating the FinTech success factors model to achieve a sustainable financial technology business: An empirical study in Vietnam
The financial technology (fintech) industry received much attention recently. This study is the first to propose an innovative extended approach based on the Combined Compromise Solution (CoCoSo) and Interval-Valued Intuitionistic Fuzzy Set (IVIFS) models (IVIF-CoCoSo) to rank and evaluate sustainab...
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| Format: | Article |
| Language: | English |
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Taylor & Francis Group
2022-12-01
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| Series: | Cogent Engineering |
| Subjects: | |
| Online Access: | https://www.tandfonline.com/doi/10.1080/23311916.2022.2109317 |
| _version_ | 1827832190160863232 |
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| author | Van Phuoc Nguyen |
| author_facet | Van Phuoc Nguyen |
| author_sort | Van Phuoc Nguyen |
| collection | DOAJ |
| description | The financial technology (fintech) industry received much attention recently. This study is the first to propose an innovative extended approach based on the Combined Compromise Solution (CoCoSo) and Interval-Valued Intuitionistic Fuzzy Set (IVIFS) models (IVIF-CoCoSo) to rank and evaluate sustainable fintech success factors in the Vietnamese fintech sector. Five success factors are collected from the existing literature to evaluate fintech firms. Using the IVIF-CoCoSo approach to rank, model, and evaluate the success factors (based on experts’ opinions) in a sustainable financial technology business, the results indicate that the agility, security, and innovative success factors are the most significant in the Vietnamese fintech sector. The study findings, and comparisons made between the results of the proposed method and other Multi-Criteria Decision Making (MCDM) methods, confirm the accuracy of the proposed method in solving the fintech success factors evaluation problem. |
| first_indexed | 2024-03-12T05:08:36Z |
| format | Article |
| id | doaj.art-48cfaf0542184d149faff6d530535978 |
| institution | Directory Open Access Journal |
| issn | 2331-1916 |
| language | English |
| last_indexed | 2024-03-12T05:08:36Z |
| publishDate | 2022-12-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Cogent Engineering |
| spelling | doaj.art-48cfaf0542184d149faff6d5305359782023-09-03T08:49:12ZengTaylor & Francis GroupCogent Engineering2331-19162022-12-019110.1080/23311916.2022.2109317Evaluating the FinTech success factors model to achieve a sustainable financial technology business: An empirical study in VietnamVan Phuoc Nguyen01 Faculty of Business Administration, Posts and Telecommunications Institute of Technology, Postal Address: Km10 Nguyen Trai Street, Ha Dong, VietnamThe financial technology (fintech) industry received much attention recently. This study is the first to propose an innovative extended approach based on the Combined Compromise Solution (CoCoSo) and Interval-Valued Intuitionistic Fuzzy Set (IVIFS) models (IVIF-CoCoSo) to rank and evaluate sustainable fintech success factors in the Vietnamese fintech sector. Five success factors are collected from the existing literature to evaluate fintech firms. Using the IVIF-CoCoSo approach to rank, model, and evaluate the success factors (based on experts’ opinions) in a sustainable financial technology business, the results indicate that the agility, security, and innovative success factors are the most significant in the Vietnamese fintech sector. The study findings, and comparisons made between the results of the proposed method and other Multi-Criteria Decision Making (MCDM) methods, confirm the accuracy of the proposed method in solving the fintech success factors evaluation problem.https://www.tandfonline.com/doi/10.1080/23311916.2022.2109317financial technologyinnovative success factorssustainable fintechinterval-valued intuitionistic fuzzy setcombined compromise solutionF30 |
| spellingShingle | Van Phuoc Nguyen Evaluating the FinTech success factors model to achieve a sustainable financial technology business: An empirical study in Vietnam Cogent Engineering financial technology innovative success factors sustainable fintech interval-valued intuitionistic fuzzy set combined compromise solution F30 |
| title | Evaluating the FinTech success factors model to achieve a sustainable financial technology business: An empirical study in Vietnam |
| title_full | Evaluating the FinTech success factors model to achieve a sustainable financial technology business: An empirical study in Vietnam |
| title_fullStr | Evaluating the FinTech success factors model to achieve a sustainable financial technology business: An empirical study in Vietnam |
| title_full_unstemmed | Evaluating the FinTech success factors model to achieve a sustainable financial technology business: An empirical study in Vietnam |
| title_short | Evaluating the FinTech success factors model to achieve a sustainable financial technology business: An empirical study in Vietnam |
| title_sort | evaluating the fintech success factors model to achieve a sustainable financial technology business an empirical study in vietnam |
| topic | financial technology innovative success factors sustainable fintech interval-valued intuitionistic fuzzy set combined compromise solution F30 |
| url | https://www.tandfonline.com/doi/10.1080/23311916.2022.2109317 |
| work_keys_str_mv | AT vanphuocnguyen evaluatingthefintechsuccessfactorsmodeltoachieveasustainablefinancialtechnologybusinessanempiricalstudyinvietnam |