Skip to main content
SpringerLink
Log in

The Technological Impact in Finance: A Bibliometric Study of Fintech Research

  • Conference paper
  • First Online:
Eurasian Business and Economics Perspectives

Part of the book series: Eurasian Studies in Business and Economics ((EBES,volume 22))

Abstract

This paper is a review of research work done in FinTech that included technological innovation in finance in area such as the credit market (including Peer-2-Peer lending), insurance with a blockchain-assisted smart contract and payment systems (including cryptocurrencies). The paper provides a bibliometric review of FinTech in finance based on the published articles and journals in the Scopus database relating to 1,717 publications available between 1960 and 2021 onward. Furthermore, various software such as Biblioshiny for graphs and tables, Microsoft Excel to carry out frequency analysis, and VOSviewer for data visualization design illustrate technological impact in finance. This paper details the results utilizing standard bibliometric measures such as authorship, active institutions, citation analysis, document type, geographical distribution, keywords analysis, publication year, source type, source title and subject area. The findings proved that publications in this field are on constant augmentation in the last decades, especially in the previous six years from 2015, since the number of publications skyrocketing, leading by the USA and China, the FinTech study pioneers. The rising research in this area points out the technological impact on financial products and services, which ultimately affects human’s lifestyle in the new worldwide digital economy.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 149.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 199.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 199.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Similar content being viewed by others

Notes

  1. 1.

    There is even a paper that has reviewed hundreds of papers using the term “fintech,” with the sole purpose of drawing a definition of the term (see Scheuffel, 2016). While the authors do not used that paper for the definition of fintech, it exemplifies the wide range of opinions on this matter.

  2. 2.

    There are many sources of information on this technology. See, for example Pilkington (2016).

References

  • Abdelsalam, O., Chantziaras, A., Batten, J. A., & Aysan, A. F. (2021). Major shareholders’ trust and market risk: Substituting weak institutions with trust. Journal of Corporate Finance, 66, 101784.

    Article  Google Scholar 

  • Adhami, S., Giudici, G., & Martinazzi, S. (2018). Why do businesses go crypto? An empirical analysis of initial coin offerings. Journal of Economics and Business, 100(2010), 64–75.

    Article  Google Scholar 

  • Ahmi, A., & Mohamad, R. (2019). Bibliometric Analysis of global scientific literature on web accessibility ‖. International Journal of Recent Technology and Engineering, 7(6), 250–258.

    Google Scholar 

  • Akbari, M., Khodayari, M., Danesh, M., Davari, A., & Padash, H. (2020). A bibliometric study of sustainable technology research. Cogent Business and Management, 7, 1751906. Cogent OA.

    Google Scholar 

  • Albort-Morant, G., & Ribeiro-Soriano, D. (2016). A bibliometric analysis of international impact of business incubators. Journal of Business Research, 69(5), 1775–1779.

    Article  Google Scholar 

  • Anand, D., & Mantrala, M. (2019). Responding to disruptive business model innovations: The case of traditional banks facing fintech entrants. Journal of Banking and Financial Technology, 3 (1), 19–31. Springer Singapore.

    Google Scholar 

  • Ardianto, A., & Anridho, N. (2018). Bibliometric analysis of digital accounting. The International Journal of Digital Accounting Research, 18(May), 141–159.

    Article  Google Scholar 

  • Aysan, A. F. (2020). Blockchain Paths in rebooting the global response to the sustainable development goals after COVID-19. Preprints (October), 1–29. https://doi.org/10.20944/preprints202010.0074.v1.

  • Aysan, A. F., Bergigui, F., & Disli, M. (2021b). Blockchain-based solutions in achieving sdgs after covid-19. Journal of Open Innovation: Technology, Market, and Complexity, 7(2), 151.

    Article  Google Scholar 

  • Aysan, A. F., Demirtaş, H. B., & Saraç, M. (2021d). The ascent of bitcoin: Bibliometric analysis of bitcoin research. Journal of Risk and Financial Management, 14(9), 427.

    Article  Google Scholar 

  • Aysan, A. F., Khan, A. U. I., & Topuz, H. (2021a). Bitcoin and altcoins price dependency: Resilience and portfolio allocation in covid-19 outbreak. Risks, 9(4), 1–13.

    Article  Google Scholar 

  • Aysan, A. F., Khan, A. U. I., Topuz, H., & Tunali, A. S. (2021c). Survival of the fittest: A natural experiment from crypto exchanges. Singapore Economic Review.

    Google Scholar 

  • Azevedo, S. G., Santos, M., & Antón, J. R. (2019). Supply chain of renewable energy: A bibliometric review approach. Biomass and Bioenergy, 126(February), 70–83.

    Article  Google Scholar 

  • Chen, J. (2010). Perspective innovation research of global. In Academy of Management Annual Meeting.

    Google Scholar 

  • De Bakker, F. G. A. A., Groenewegen, P., & Den Hond, F. (2005). A bibliometric analysis of 30 years of research and theory on corporate social responsibility and corporate social performance. Business and Society, 44(3), 283–317.

    Article  Google Scholar 

  • Dias, G. P. (2019). Fifteen years of e-government research in Ibero-America: A bibliometric analysis. Government Information Quarterly, 36(3), 400–411.

    Article  Google Scholar 

  • DuqueOliva, E. J., Cervera Taulet, A., & Rodríguez Romero, C. (2006). A bibliometric analysis of models measuring the concept of perceived quality in providing internet service. Innovar, 16(28), 223–243.

    Google Scholar 

  • Eyal, I. (2017). Blockchain technology: Cryptocurrency dreams to finance and banking. Computer- IEE Computer Society, 50, 38–49.

    Article  Google Scholar 

  • Fabregat-Aibar, L., Barberà-Mariné, M. G., Terceño, A., & Pié, L. (2019). A bibliometric and visualization analysis of socially responsible funds. Sustainability, 11(9), 2526.

    Article  Google Scholar 

  • Fahimnia, B., Sarkis, J., & Davarzani, H. (2015). Green supply chain management: A review and bibliometric analysis. International Journal of Production Economics, 162, 101–114.

    Article  Google Scholar 

  • Favaretti, G., Calzolari, G., & Pozollo, A. (2017). ‘Fintech and banks: Friends or foes? European Economy Banks Regulation and the Real Sector, 2(December), 9–30.

    Google Scholar 

  • Frame, W. S., Wall, L., & White, L. J. (2018). Technological change and financial innovation in banking: Some implications for Fintech. Federal Reserve Bank of Atlanta, Working Papers.

    Google Scholar 

  • Fuster, A., et al. (2019). The role of technology in mortgage lending. Review of Financial Studies, 32(5), 1854–1899.

    Article  Google Scholar 

  • Gabor, D., & Brooks, S. (2017). The digital revolution in financial inclusion: International development in the Fintech era. New Political Economy, 22(4), 423–436.

    Article  Google Scholar 

  • Gai, K., Qiu, M., & Sun, X. (2018). A survey on FinTech. Journal of Network and Computer Applications, 103, 262–273.

    Article  Google Scholar 

  • Garfield, E. (1972). Citation analysis as a tool in journal evaluation. Science, 178(4060), 471–479.

    Article  Google Scholar 

  • Gatteschi, V., Lamberti, F., Demartini, C., Pranteda, C., & Santamaria, V. (2018). To blockchain or not to blockchain: That is the question. IT Professional, 20(2), 62–74.

    Article  Google Scholar 

  • Gomber, P., Kauffman, R. J., Parker, C., & Weber, B. W. (2018). On the Fintech revolution: Interpreting the forces of innovation, disruption, and transformation in financial services. Journal of Management Information Systems, 35(1), 220–265.

    Article  Google Scholar 

  • Gomber, P., Koch, J. A., & Siering, M. (2017). Digital finance and FinTech: Current research and future research directions. Journal of Business Economics, 87(5), 537–580.

    Article  Google Scholar 

  • Groos, V., & Pritchard, A. (1969). Documentation notes. Journal of Documentation, 25(4), 344–349.

    Article  Google Scholar 

  • Haddad, C., & Hornuf, L. (2019). The emergence of the global Fintech market: Economic and technological determinants. Small Business Economics, 53, 81–105.

    Article  Google Scholar 

  • Hernon, P., & Schwartz, C. (2010). Library & information science research writing an abstract. Library and Information Science Research., 32(3), 173.

    Article  Google Scholar 

  • International Monetary Fund. (2019). Fintech: The experience so far. http://www.imf.org/external/pp/ppindex.aspx

  • Jagtiani, J., & John, K. (2018). Fintech: The impact on consumers and regulatory responses. Journal of Economics and Business, 100, 1–6.

    Article  Google Scholar 

  • Jędrzejowska-Schiffauer, I., Schiffauer, P., & Thalassinos, I. E. (2019). EU regulatory measures following the crisis: What impact on corporate governance of financial institutions. European Research Studies Journal, 22(3), 432–456.

    Article  Google Scholar 

  • Kim, J., & McMillan, S. (2008). Evaluation of internet advertising research: A bibliometric analysis of citations from key sources. Journal of Advertising, 37(1), 99–112.

    Article  Google Scholar 

  • Lee, I., & Shin, Y. J. (2018). Fintech: Ecosystem, business models, investment decisions, and challenges. Business Horizons, 61(1), 35–46.

    Article  Google Scholar 

  • Leong, C., Tan, B., Xiao, X., Tan, F. T. C., & Sun, Y. (2017). Nurturing a FinTech ecosystem: The case of a youth microloan startup in China. International Journal of Information Management, 37(2), 92–97.

    Article  Google Scholar 

  • Ozili, P. K. (2018). Impact of digital finance on financial inclusion and stability. Borsa Istanbul Review, 18(4), 329–340.

    Article  Google Scholar 

  • Pilkington, M., Olleras, X., & Zhegu, M. (2016). Blockchain technologies: Principles and applications. In Research handbook on digital transformation. Edward Elgar.

    Google Scholar 

  • Polat, A. Y., Aysan, A. F., Tekin, H., & Tunali, A. S. (2022). Bitcoin-specific fear sentiment matters in the COVID-19 outbreak. Studies in Economics and Finance, 39(1), 98–110.

    Article  Google Scholar 

  • Rabbani, M. R., Khan, S., & Thalassinos, E. I. (2020). FinTech, blockchain and Islamic finance: An extensive literature review. International Journal of Economics and Business Administration, 8(2), 65–86. https://doi.org/10.35808/ijeba/444

    Article  Google Scholar 

  • Scheuffel, P. (2016). Taming the beast: A scientific definition of fintech. Journal of Innovation Management, 4(4), 32–54.

    Article  Google Scholar 

  • Thakor, A. V. (2020). Fintech and banking: What do we know? Journal of Financial Intermediation, 41(August), 100833.

    Article  Google Scholar 

  • Van Eck, N. J., & Waltman, L. (2017). VOSviewer manual. Univeristeit Leiden.

    Google Scholar 

  • Zavolokina, L., Dolata, M., & Schwabe, G. (2016). The FinTech phenomenon: Antecedents of financial innovation perceived by the popular press. Financial Innovation, 2(1), 1–16.

    Article  Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Department of Islamic Finance, Hamad Bin Khalifa University, Doha, Qatar

    Mamadou Dosso & Ahmet Faruk Aysan

Authors
  1. Mamadou Dosso
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Ahmet Faruk Aysan
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to Ahmet Faruk Aysan .

Editor information

Editors and Affiliations

  1. Istanbul Medeniyet University, Fatih, Istanbul, Turkey

    Mehmet Huseyin Bilgin

  2. MUFG Union Bank, San Francisco, CA, USA

    Hakan Danis

  3. Department of Business Administration, School of Social Sciences, Reykjavik University, Reykjavik, Iceland

    Ender Demir

  4. Department of International Business, Norwegian University of Science and Technology, Trondheim, Norway

    Ghulam Mustafa

Rights and permissions

Reprints and permissions

Copyright information

© 2022 The Author(s), under exclusive license to Springer Nature Switzerland AG

About this paper

Check for updates. Verify currency and authenticity via CrossMark

Cite this paper

Dosso, M., Aysan, A.F. (2022). The Technological Impact in Finance: A Bibliometric Study of Fintech Research. In: Bilgin, M.H., Danis, H., Demir, E., Mustafa, G. (eds) Eurasian Business and Economics Perspectives. Eurasian Studies in Business and Economics, vol 22. Springer, Cham. https://doi.org/10.1007/978-3-030-94672-2_12

Download citation

Publish with us

Policies and ethics

Search

Navigation