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FinTech and financial stability: threat or opportunity?


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


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.

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Additional Metadata

Item Type: Article
Divisions: School of Business and Economics
DOI Number: https://doi.org/10.1016/j.frl.2021.102667
Publisher: Academic Press
Keywords: FinTech; Financial stability; GMM estimation; Competition; Concentration
Depositing User: Ms. Che Wa Zakaria
Date Deposited: 15 Aug 2023 04:07
Last Modified: 15 Aug 2023 04:07
Altmetrics: http://www.altmetric.com/details.php?domain=psasir.upm.edu.my&doi=https://doi.org/
URI: http://psasir.upm.edu.my/id/eprint/101526
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