FinTech and financial stability: threat or opportunity?
This paper investigates the relationship between FinTech countries’ financial stability in a panel of 63 countries from 2006 to 2017. We employed the dynamic panel of System Generalized Method of Moments (GMM) estimator that addresses possible endogeneity. The empirical results indicate that FinTech...
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| Format: | Article |
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Academic Press
2022
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| _version_ | 1825938552044650496 |
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| author | Mohd Daud, Siti Nurazira Ahmad, Abd Halim Khalid, Airil W. N., W. Azman Saini |
| author_facet | Mohd Daud, Siti Nurazira Ahmad, Abd Halim Khalid, Airil W. N., W. Azman Saini |
| author_sort | Mohd Daud, Siti Nurazira |
| collection | UPM |
| description | This paper investigates the relationship between FinTech countries’ financial stability in a panel of 63 countries from 2006 to 2017. We employed the dynamic panel of System Generalized Method of Moments (GMM) estimator that addresses possible endogeneity. The empirical results indicate that FinTech promotes financial stability through the channels of artificial intelligence, cloud technology, and data technology. Our findings also suggest that bank concentration complements the effect of FinTech on financial stability. In light of these findings, financial institutions should embrace FinTech and lead the way in evolving and creating an enabling FinTech ecosystem. |
| first_indexed | 2024-03-06T11:15:27Z |
| format | Article |
| id | upm.eprints-101526 |
| institution | Universiti Putra Malaysia |
| last_indexed | 2024-03-06T11:15:27Z |
| publishDate | 2022 |
| publisher | Academic Press |
| record_format | dspace |
| spelling | upm.eprints-1015262023-08-15T04:07:33Z http://psasir.upm.edu.my/id/eprint/101526/ FinTech and financial stability: threat or opportunity? Mohd Daud, Siti Nurazira Ahmad, Abd Halim Khalid, Airil W. N., W. Azman Saini This paper investigates the relationship between FinTech countries’ financial stability in a panel of 63 countries from 2006 to 2017. We employed the dynamic panel of System Generalized Method of Moments (GMM) estimator that addresses possible endogeneity. The empirical results indicate that FinTech promotes financial stability through the channels of artificial intelligence, cloud technology, and data technology. Our findings also suggest that bank concentration complements the effect of FinTech on financial stability. In light of these findings, financial institutions should embrace FinTech and lead the way in evolving and creating an enabling FinTech ecosystem. Academic Press 2022 Article PeerReviewed Mohd Daud, Siti Nurazira and Ahmad, Abd Halim and Khalid, Airil and W. N., W. Azman Saini (2022) FinTech and financial stability: threat or opportunity? Finance Research Letters, 47. art. no. 102667. pp. 1-7. ISSN 1544-6123; ESSN: 1544-6131 https://www.sciencedirect.com/science/article/pii/S1544612321005936 10.1016/j.frl.2021.102667 |
| spellingShingle | Mohd Daud, Siti Nurazira Ahmad, Abd Halim Khalid, Airil W. N., W. Azman Saini FinTech and financial stability: threat or opportunity? |
| title | FinTech and financial stability: threat or opportunity? |
| title_full | FinTech and financial stability: threat or opportunity? |
| title_fullStr | FinTech and financial stability: threat or opportunity? |
| title_full_unstemmed | FinTech and financial stability: threat or opportunity? |
| title_short | FinTech and financial stability: threat or opportunity? |
| title_sort | fintech and financial stability threat or opportunity |
| work_keys_str_mv | AT mohddaudsitinurazira fintechandfinancialstabilitythreatoropportunity AT ahmadabdhalim fintechandfinancialstabilitythreatoropportunity AT khalidairil fintechandfinancialstabilitythreatoropportunity AT wnwazmansaini fintechandfinancialstabilitythreatoropportunity |