Review of Financial Technology
Applications and Their Related Aspects
Bahaa Razia and Bahaa Awwad
Abstract The growth of the startup industry, which continues to accelerate year after
year, puts companies in a competitive position to offer their products to the general
public. Fin-tech is fast growing right now. Finch’s rise in the middle east aims to
make it easier for the general people to perform financial transactions online, improve
financial literacy, and achieve financial inclusion. This mapping study aims to identify
prior fin-tech research and make recommendations for future research. This study
employs a systematic literature review (SLR), which collects and evaluates available
research on the topic of interest to produce an objective result that can be audited
and replicated. The study offers a holistic and coherent review of finch applications
and their related aspects built on a critical assessment of the literature. Fin-tech and
its related aspects are expected to strike the right balance between retaining financial
stability and offering consumer protection. They also have the potential to provide
effective incentives for Fin-tech innovation. This study provides important insights
and great evidence regarding the applications of finch in multiple disciplines. This
leads practitioners, entrepreneurs and policymakers to improve performance as well
as achieve competitiveness.
Keywords Financial technology · Literature review
1 Introduction
Financial technology has been widely regarded as one of the most significant devel-
opments in the financial business and is rapidly expanding [22]. This was fuelled by
a lack of faith in financial service providers, prompting a surge in alternative funding
demand. The availability and cost of infrastructure (for example, the Internet, cellular
technology, sensors), increasingly sophisticated technology applications (e.g., plat-
forms, Big Data analysis), and business operations (e.g., sharing economy) are all
driving factors in fin-tech. Payment, wealth management, crowdfunding, peer-to-peer
B. Razia (B ) · B. Awwad
Palestine Technical University—Kadoorie, Tulkarm, Palestine
e-mail: bahaa.razua@ptuk.edu.ps
© The Author(s), under exclusive license to Springer Nature Switzerland AG 2023
A. Hamdan et al. (eds.), From Industry 4.0 to Industry 5.0, Studies in Systems,
Decision and Control 470, https://doi.org/10.1007/978-3-031-28314-7_76
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