FinTech, Volume 2, Issue 4 (December 2023) – 4 articles

Successful organisations prioritise product quality and customer satisfaction. Non-financial indicators are crucial for measuring performance, requiring specific financial and technology management knowledge. Effective knowledge management and entrepreneurial activity significantly impact performance, vital to the country’s economic factors. Electricity is crucial to society’s development. Renewable energy sources such as solar, wind, hydropower, and biomass can generate sustainable electricity. Managing environmental, social, and economic aspects is essential for sustainable societal and virtual development. In this study, the central element of novelty is associated with the dependent variable Nominal Labour Productivity per Employee. This research shows that effective knowledge management impacts a company’s business performance. Based on secondary data from various sources, we have used factor analysis to assess the interrelationship between the factors and econometric dimensionalities. Accompanied by this econometric approach, the research methodology aims to present hybrid models based on econometric techniques and artificial intelligence (AI) networks. Based on the principal component method analysis results, we show the interdependence of 30 variables in the micro and macro environment. The new components of the correlated variables show how knowledge and innovation are related to the economic performance of society, and nominal employee productivity is a valuable indicator for measuring economic efficiency. Nevertheless, AI, a knowledge management product, provides helpful comments on the econometric results. Full article

The purpose of this study is to determine the relationship between the leadership styles of leaders of financial technology (Fintech) start-ups and firm growth. A quantitative design employing a cross-sectional survey with the use of a Likert questionnaire was conducted on the leaders of top-performing Fintech firms in Zambia, as recognized by Tracxn in its May 2020 report. This study focuses on three leadership styles: transformational leadership, transactional leadership, and laissez-faire leadership. The most significant result is that transformational leadership is strongly associated with the growth of Fintech start-ups in Zambia, while transactional leadership plays a limited role. The association between laissez-faire leadership and firm growth is positive but weak. The research makes two main contributions to the literature in the field of Fintech. First, the findings can help researchers explain leadership styles that predict the growth of Fintech start-ups. Second, founders of Fintech firms will understand the most important leadership styles that can lead to the growth of start-ups. The limitations of this study relate to the sample size, the need to consider other readership styles, and the use of qualitative and longitudinal designs that would provide more insights and validation. Full article

Globally, large numbers of adults remain unbanked, and most of them live in rural areas of the Third World. The recent outbreak of the COVID-19 pandemic has shown us how inequalities in accessing financial services continue to affect us. However, digital financial inclusion has emerged as an effective tool used to tackle socioeconomic ills and drive economic development. In fact, due to these modern technological developments, the number of studies in this area is very limited, especially in the context of developing economies. This study examines the impacts of migrant remittances on digital financial inclusion within households in Bangladesh by using the Migration and Remittance Household Survey. To meet the research objectives of this study, a household survey was conducted and 2165 households interviewed in 2022–2023 in Bangladesh. The survey data collected was tested using univariate and multivariate estimations. This study finds that the coefficient of remittance has positive relationships with the probability of e-bank accounts and the use of mobile banking for a household’s financial transactions. However, the use of ATM cards by households for financial transactions has not been significantly affected. The article concludes that remittance flows may enhance access to and use of means of digital financial inclusion by reducing some of the barriers and costs in Bangladesh, which could greatly contribute to the country’s economic growth by creating and increasing a strong fund for investment. The findings of this study can help in taking various steps to facilitate the most powerful financial sector of Bangladesh, namely, remittance management. Full article

This study uses panel data from 2016 to 2020 to examine the impact of digital financial inclusion on income inequality in the urban-rural divide of Chongqing, China. The results suggest that increasing access to digital financial services could help narrow the income gap between urban and rural areas. However, the impact becomes significantly positive when controlling for other variables with the Random Effects regression model. Among the control variables, the urbanization rate and government expenditure are found to be significant determinants of income inequality in Chongqing. These findings offer insights for policymakers on the potential benefits of targeted interventions to promote financial inclusion and sustainable urbanization, while ensuring effective allocation of government spending to reduce income inequality. Full article