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A Systematic Literature Review of the Risk Landscape in Fintech

Author

Listed:
  • Ruchika Jain

    (Gobindgarh Public College, Khanna 147301, Punjab, India)

  • Satinder Kumar

    (School of Management Studies, Punjabi University, Patiala 147002, Punjab, India)

  • Kiran Sood

    (Chitkara Business School, Chitkara University, Rajpura 140401, Punjab, India)

  • Simon Grima

    (Department of Insurance, Faculty of Economics Management and Accountancy, University of Malta, MSD 2080 Msida, Malta
    Faculty of Business, Management and Economics, University of Latvia, LV-1586 Riga, Latvia)

  • Ramona Rupeika-Apoga

    (Faculty of Business, Management and Economics, University of Latvia, LV-1586 Riga, Latvia)

Abstract

The current study is primarily concerned with the developments in financial technology, or fintech, that have significantly altered traditional financial systems, focusing on several risk categories that have emerged in the financial technology sector’s digital ecosystem. This paper is a review of existing literature related to the risk landscape in fintech, particularly its publication trend, journal productivity, impact, affiliated organizations, and related themes. A bibliometric and content analysis of 84 articles collected through Scopus’ structured database is performed for a comprehensive review. It is revealed that financial technology development has decreased physical crime while simultaneously increasing cybercrime. Another challenge is the asymmetrical technology between financial markets and the relevant supervisors. These current issues necessitate the creation of an Act on Fintech to create a comprehensive legislative framework. The present study’s findings are helpful for academia and industry to aid their existing knowledge about fintech and associated risks, particularly its timeline, geographical spread, and development of coherent themes.

Suggested Citation

  • Ruchika Jain & Satinder Kumar & Kiran Sood & Simon Grima & Ramona Rupeika-Apoga, 2023. "A Systematic Literature Review of the Risk Landscape in Fintech," Risks, MDPI, vol. 11(2), pages 1-15, February.
    • Handle: RePEc:gam:jrisks:v:11:y:2023:i:2:p:36-:d:1062302
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    References listed on IDEAS

    as
    1. Gozman, Daniel & Willcocks, Leslie, 2019. "The emerging Cloud Dilemma: Balancing innovation with cross-border privacy and outsourcing regulations," Journal of Business Research, Elsevier, vol. 97(C), pages 235-256.
    2. Anton Miglo, 2022. "Choice between IEO and ICO: Speed vs. Liquidity vs. Risk," FinTech, MDPI, vol. 1(3), pages 1-18, September.
    3. Sara Hsu & Jianjun Li & Hong Bao, 2021. "P2P lending in China: Role and prospects for the future," Manchester School, University of Manchester, vol. 89(5), pages 526-540, September.
    4. Baljinder Kaur & Sood Kiran & Simon Grima & Ramona Rupeika-Apoga, 2021. "Digital Banking in Northern India: The Risks on Customer Satisfaction," Risks, MDPI, vol. 9(11), pages 1-18, November.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Ramona Rupeika-Apoga & Stefan Wendt & Victoria Geyfman, 2024. "Shareholders in the Driver’s Seat: Unraveling the Impact on Financial Performance in Latvian Fintech Companies," Risks, MDPI, vol. 12(3), pages 1-16, March.
    2. Syed Aamir Aijaz & Grima Simon & Sood Kiran, 2024. "Assessing the Role of the Fintech Era on the Banking Stability of an Emerging Economy: Interaction Analysis of the Indian Banking Industry," Folia Oeconomica Stetinensia, Sciendo, vol. 24(1), pages 182-202.
    3. Ramona Rupeika-Apoga & Pierpaolo Marano, 2023. "The Risk Landscape in the Digital Transformation of Finance and Insurance," Risks, MDPI, vol. 11(7), pages 1-2, July.

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