Antecedents and Challenges of FinTech Adoption: A Review

Author(s): Veerawali Oberoi and Khushdeep Dharni

Abstract:

The financial sector has encountered a transitional evolution round the globe with the on rush of FinTech. FinTech a blend of words ‘financial’ and ‘technology’ has ushered in a tectonic shift in the financial terrain. FinTech is an assemblage of financial technologies, variant tools and variegated platforms used for providing financial services and product to the users’ making it more affordable and easily accessible. In this paper, we have carried out an analysis of factors affecting the FinTech adoption using systematic literature review. This paper highlights the major factors contributing to the rapid adoption of FinTech. Besides, an attempt has been made to explore the factors prompting deceleration in the pace of adoption. The study highlights the consequential knowledge and attitude attributes of the financial customers that affect the FinTech adoption. Furthermore, the study provides an insight into the different FinTech adoption models adopted by the FinTech firms. The major challenges posed in front of progressive FinTech industry that need to be addressed for the sustainable development of FinTech and the scope for future research are also reflected in the study.

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Pages: 15-21     |    2 View     |    0 Download