IDEAS home Printed from https://ideas.repec.org/a/src/jafeec/v6y2020i2p453-463.html
   My bibliography  Save this article

Perceived Risk Factors Affect Intention To Use FinTech

Author

Listed:
  • Tang, Kin Leong
  • Ooi, Chee Keong
  • Chong , Jia Bao

Abstract

Objective: Studies show there is a high acceptance of FinTech development in Malaysia. However, the perceived risk factors that hinder a user's intention to use FinTech remains vague. Research on perceived risk is limited, especially the use of FinTech in the context of Malaysia. Therefore, this study aims to narrow the gap in perceived risk factors of FinTech.Methodology: A total of 302 participants participated in the study. Collected data and hypotheses were tested using the method of structural equation modelling.Results: It is found that three of the four dimensions of financial risk, legal risk and operational risk have a significant negative impact on the intention to use FinTech. The findings found that security risks do not have a significant negative effect on the intention to use FinTech. This result is consistent with the finding that Malaysian consumers' perception of e-payment is not significantly related to perceived security.Implication: The results help practitioners better conceptualise and reduce risk barriers in preparing for the disruption of FinTech. Practitioners are also advised to pay attention to FinTech's operational skills and system functional performance in FinTech services.

Suggested Citation

  • Tang, Kin Leong & Ooi, Chee Keong & Chong , Jia Bao, 2020. "Perceived Risk Factors Affect Intention To Use FinTech," Journal of Accounting and Finance in Emerging Economies, CSRC Publishing, Center for Sustainability Research and Consultancy Pakistan, vol. 6(2), pages 453-463, June.
    • Handle: RePEc:src:jafeec:v:6:y:2020:i:2:p:453-463
    DOI: http://doi.org/10.26710/jafee.v6i2.1101
    as

    Download full text from publisher

    File URL: https://publishing.globalcsrc.org/ojs/index.php/jafee/article/view/1101/876
    Download Restriction: no
    File URL: https://libkey.io/http://doi.org/10.26710/jafee.v6i2.1101?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Chen, Zhenyun & Li, Huxing & Wang, Tianbo & Wu, Junxian, 2023. "How digital transformation affects bank risk: Evidence from listed Chinese banks," Finance Research Letters, Elsevier, vol. 58(PA).
    2. Chunling Li & Nosherwan Khaliq & Leslie Chinove & Usama Khaliq & Judit Oláh, 2023. "Consumers’ Perception of Risk Facets Associated With Fintech Use: Evidence From Pakistan," SAGE Open, , vol. 13(4), pages 21582440231, October.
    3. Nguyen Vinh Khuong & Nguyen Thi Thanh Phuong & Nguyen Thanh Liem & Cao Thi Mien Thuy & Tran Hung Son, 2022. "Factors Affecting the Intention to Use Financial Technology among Vietnamese Youth: Research in the Time of COVID-19 and Beyond," Economies, MDPI, vol. 10(3), pages 1-17, February.
    4. Ruihui Pu & Deimante Teresiene & Ina Pieczulis & Jie Kong & Xiao-Guang Yue, 2021. "The Interaction between Banking Sector and Financial Technology Companies: Qualitative Assessment—A Case of Lithuania," Risks, MDPI, vol. 9(1), pages 1-22, January.
    5. Gaoyong Li & Xin Zhang & Ge Zhang, 2022. "To Use or Not to Use: It Is a Question—An Empirical Study on the Adoption of Mobile Finance," Sustainability, MDPI, vol. 14(17), pages 1-23, August.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:src:jafeec:v:6:y:2020:i:2:p:453-463. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Rabia Rasheed (email available below). General contact details of provider: https://edirc.repec.org/data/csrcmpk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.