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How perceived risk, benefit and trust determine user Fintech adoption: a new dimension for Islamic finance

Muhammad Ali, +4 more
- 04 Mar 2021 - 
- Vol. 23, Iss: 4, pp 403-420
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TLDR
In this paper, the influence of perceived benefit, perceived risk and user trust on the intention to adopt Islamic Fintech has been explored and the results revealed that perceived benefit and perceived risk were significant and positively influenced by their factors.
Abstract: 
This study’s objectives are twofold; first, this paper aims to explore the determinants of perceived benefit and perceived risk of Islamic Fintech. Second, this study examines the influence of perceived benefit, perceived risk and user trust on the intention to adopt Islamic Fintech. The sample of 350 was distributed among the respondents, while a usable sample of 321 was retained for the analysis. The study performed a self-administration survey to collect the sample data while the hypothesized model was tested using SmartPLS. The results revealed that perceived benefit and perceived risk were significant and positively influenced by their factors. Moreover, perceived benefits showed a positive and significant impact on trust. However, perceived risk had a negative and significant impact on trust. The results also found a strong positive and significant relationship between trust and intention to adopt Islamic Fintech. The outcome of this research may be used to develop strategies for Fintech and enables the financial sector to attain economies of scale in the world.

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How perceived risk, benefit and trust determine user Fintech adoption: a new
dimension for Islamic finance
Abstract
This study’s objectives are twofold; first, this paper aims to explore the determinants of
perceived benefit and perceived risk of Islamic Fintech. Second, this study examines the
influence of perceived benefit, perceived risk and user trust on the intention to adopt Islamic
Fintech. The sample of 350 was distributed among the respondents, while a usable sample of
321 was retained for the analysis. The study performed a self-administration survey to collect
the sample data while the hypothesized model was tested using SmartPLS. The results
revealed that perceived benefit and perceived risk were significant and positively influenced
by their factors. Moreover, perceived benefits showed a positive and significant impact on
trust. However, perceived risk had a negative and significant impact on trust. The results also
found a strong positive and significant relationship between trust and intention to adopt
Islamic Fintech. The outcome of this research may be used to develop strategies for Fintech
and enables the financial sector to attain economies of scale in the world.
Citations
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Journal ArticleDOI

Fintech in islamic finance literature: A review

Muneer M. Alshater, +3 more
- 01 Aug 2022 - 
TL;DR: In this article , a review of Islamic FinTech research development from 2017 to 2022 is presented, which adopts a hybrid approach combining bibliometric and content analysis to reveal the current research trend of Islamic fintech research.
Journal ArticleDOI

Benefit–Risk Perceptions of FinTech Adoption for Sustainability from Bank Consumers’ Perspective: The Moderating Role of Fear of COVID-19

Ruzita Abdul-Rahim, +3 more
- 08 Jul 2022 - 
TL;DR: In this article, a survey of bank consumers in Malaysia between December 2021 and February 2022 yielded 1279 usable questionnaires, randomly selected to generate 400 respondents, and the results revealed that the perceived benefits significantly influence FinTech adoption, whereas perceived risk does not.
Journal ArticleDOI

Opportunities and Barriers for FinTech in SAARC and ASEAN Countries

Tasadduq Imam, +3 more
- 13 Feb 2022 - 
TL;DR: In this paper , the authors assess the opportunities and challenges for different categories of FinTechs in the SAARC and ASEAN regions, and develop a new index, termed the FinTech Opportunity Index (FOI), to conceptualise the opportunity and barriers based on individual savings, borrowings, purchasing behavior, and payment preferences.
Journal ArticleDOI

Drivers Influencing the Adoption Intention towards Mobile Fintech Services: A Study on the Emerging Bangladesh Market

Md. Sharif Hassan, +5 more
- 20 Jul 2022 - 
TL;DR: In this article , a study aimed to identify the factors that impact the adoption intention of consumers to embrace and enhance the use of mobile fintech services in an emerging market, Bangladesh.
Journal ArticleDOI

Factors Affecting Fintech Adoption: A Systematic Literature Review

Egi Arvian Firmansyah, +3 more
- 28 Dec 2022 - 
TL;DR: In this article , the authors employed the systematic literature review (SLR) technique to review recent literature on fintech adoption or acceptance employing the Scopus database (2019-2022).
References
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Proceedings ArticleDOI

FinTech – What's in a Name?

Liudmila Zavolokina, +2 more
TL;DR: This study aims to make insights into how the press and other popular media understand and frame FinTech, discussing definitions that represents the meaning of it for the press, and deliver the conceptual framework to be used in research and scientific literature.
Journal ArticleDOI

Outsourcing the State? Public-Private Partnerships and Information Technologies in India

Renee Kuriyan, +1 more
- 01 Oct 2009 - 
TL;DR: In this article, the authors examined public-private partnerships (PPPs) for development through the example of telecenters in two Indian states and found that each state's political economy is reflected in its PPP strategy, but that in both states the emerging middle classes rather than the poor benefit most from ongoing telecenter projects.
Journal ArticleDOI

Building institutional trust through e‐government trustworthiness cues

Matthew L. Smith
- 24 Aug 2010 - 
TL;DR: Within e‐services, the most easily perceived and influential trustworthiness cues are those outcomes that directly impact the citizen and these cues shape citizens' resultant interpretations of and trust in the public sector agency.
Journal ArticleDOI

Mobile Payment Procedures Scope and Characteristics

Nina Kreyer, +2 more
- 01 Jul 2003 - 
TL;DR: The proposed scheme allows us to unambiguously identify and characterize any given mobile payment procedure and allows three basic types of applications: merchants and customers can analyze and represent their preferences for MP procedures in a structured way, (prospective) mobile payment service providers may analyze their market expectations and develop MP procedures according to these, and different market participants may use it as a basis for standardization.
Journal ArticleDOI

Should retailers harmonize marketing variables across their distribution channels? An investigation of cross-channel effects in multi-channel retailing

Sebastian van Baal
- 01 Nov 2014 - 
TL;DR: In this paper, the authors present an integrative model and survey results that shed light on the question of whether marketing variables such as conveyed image, price, and assortment should be harmonized across channels.
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Frequently Asked Questions (1)
Q1. What have the authors contributed in "How perceived risk, benefit and trust determine user fintech adoption: a new dimension for islamic finance" ?

This study ’ s objectives are twofold ; first, this paper aims to explore the determinants of perceived benefit and perceived risk of Islamic Fintech. Second, this study examines the influence of perceived benefit, perceived risk and user trust on the intention to adopt Islamic Fintech. The study performed a self-administration survey to collect the sample data while the hypothesized model was tested using SmartPLS. The outcome of this research may be used to develop strategies for Fintech and enables the financial sector to attain economies of scale in the world.