Researcher at Universiti Malaysia Perlis Reports Research in Risk Management (Investigating the Determinants of Islamic Mobile FinTech Service Acceptance: A Modified UTAUT2 Approach): Insurance – Risk Management

2023 FEB 24 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- Data detailed on risk management have been presented. According to news reporting from Arau, Malaysia, by NewsRx journalists, research stated, “Financial technology (FinTech) is leading a worldwide revolution to increase financial access. Bangladesh’s financial sector is entering a new era of innovation due to the country’s rapid embrace of financial technology.”

Funders for this research include Special Research Grant-universiti Malaysia Perlis.

The news correspondents obtained a quote from the research from Universiti Malaysia Perlis: “Mobile FinTech service (MFS) providers achieve unattainable economic peaks every year. The growth of conventional banks’ MFS is significant. However, Islamic banks have a good market share but cannot attract more customers to use the Islamic MFS. This study aimed to determine the factors influencing Islamic bank customers to accept the Islamic MFS. This study utilized a modified UTAUT2 model. Data were collected from 310 Islamic bank customers by using online Google Forms. Structural equation modeling was employed to analyze the data by SMART PLS 3.2.9. The results revealed that social influence, facilitating conditions, price, and perceived credibility have a significant positive effect on Islamic MFS acceptance.”

According to the news reporters, the research concluded: “However, performance expectancy and effort expectancy showed no impact on Islamic MFS acceptance. This research framework is helpful for academicians and researchers to investigate FinTech acceptance in developing countries. Moreover, the study results are beneficial for MFS providers and FinTech firms.”

For more information on this research see: Investigating the Determinants of Islamic Mobile FinTech Service Acceptance: A Modified UTAUT2 Approach. Risks, 2023,11(2). (Risks - http://www.mdpi.com/journal/risks). The publisher for Risks is MDPI AG.

A free version of this journal article is available at https://doi.org/10.3390/risks11020040.

Our news editors report that more information may be obtained by contacting Md. Sharif Hassan, Faculty of Business and Communication, Universiti Malaysia Perlis, Arau 02600, Malaysia. Additional authors for this research include Md. Aminul Islam, Mohd Faizal bin Yusof, Hussen Nasir, Nasrin Huda.

ORCID is an identifier for authors and includes bibliographic information. The following is ORCID information for the authors of this research: Md. Sharif Hassan (http://orcid.org/0000-0001-8418-7578), Md. Aminul Islam (http://orcid.org/0000-0001-6516-2463), Mohd Faizal bin Yusof (http://orcid.org/0000-0001-8464-3932).

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