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Adoption of FinTech Training by Family Enterprises and its Impact on Local Economic Growth in Morocco

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  • Wafaa El Gouz

    (Mohamed V University, Morocco)

  • Azzeddine Allioui

    (ESCA Ecole de Management, Morocco)

Abstract

The purpose of this study is to evaluate the adoption of Financial Technologies training by family businesses in Morocco and to assess the consequences of this acceptance for the development of the local economy. Traditional business models are being reformulated as a result of technological advancements, which are causing the global financial environment to undergo fast transformation. In this context, family businesses, which make up a significant portion of Morocco's economic fabric, are investigated regarding the degree to which they have committed themselves to the teaching of financial technology. Regulatory frameworks, resource accessibility, and understanding of the possible implications of FinTech tools are some of the important elements that are investigated in this research. The study also provides an analysis of the factors that influence the adoption of FinTech training among family businesses. The objective is to provide insights into the obstacles and possibilities connected with incorporating FinTech into the operations of family companies in Morocco by first gaining an awareness of these issues. In addition to this, the study investigates the practical consequences that the implementation of FinTech has on the operational efficiency, risk management, and decision-making processes of family businesses. Our goal is to shed light on the role that FinTech plays in enhancing the competitiveness and growth prospects of family businesses, thereby contributing to the overall economic development at the local level in Morocco. This will be accomplished through an analysis of case studies and empirical data. It is expected that the outcomes of this study will provide significant insights for policymakers, business executives, and academics interested in the nexus between family businesses, financial technology education, and economic development.

Suggested Citation

  • Wafaa El Gouz & Azzeddine Allioui, 2024. "Adoption of FinTech Training by Family Enterprises and its Impact on Local Economic Growth in Morocco," RAIS Conference Proceedings 2022-2024 0377, Research Association for Interdisciplinary Studies.
    • Handle: RePEc:smo:raiswp:0377
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    References listed on IDEAS

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    1. Xun Zhang & Ying Tan & Zonghui Hu & Chen Wang & Guanghua Wan, 2020. "The Trickle‐down Effect of Fintech Development: From the Perspective of Urbanization," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 28(1), pages 23-40, January.
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    Keywords

    family businesses; financial technology; innovation; economic growth;
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