Study Data from Universidad de Cordoba Update Understanding of Risk Management (Risk Management in Islamic Banking: The Impact of Financial Technologies through Empirical Insights from the UAE): Insurance – Risk Management

2024 FEB 12 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- Investigators publish new report on risk management. According to news reporting out of Cordoba, Spain, by NewsRx editors, research stated, “Financial technology (fintech) innovations are transforming banking globally.”

Our news editors obtained a quote from the research from Universidad de Cordoba: “Their adoption poses new opportunities and risks for Islamic banks with unique requirements. This study examines fintech’s implications for risk management effectiveness in United Arab Emirates Islamic banks. A conceptual model incorporates factors like fintech adoption, emerging capabilities, digital maturity, and IT security influencing outcomes. Primary data were collected via survey from nine UAE Islamic banks and analyzed using PLS-SEM. Results show that fintech adoption and capabilities positively impacted effectiveness, while digital transformation alone did not.”

According to the news editors, the research concluded: “The findings also show that the regulatory environment did not moderate relationships as hypothesized. The findings provide empirical evidence on optimizing risk management through responsible fintech enablement and oversight alignment in the UAE context.”

For more information on this research see: Risk Management in Islamic Banking: The Impact of Financial Technologies through Empirical Insights from the UAE. Risks, 2024,12(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/risks12020017.

Our news journalists report that additional information may be obtained by contacting Mohamed Al Hammadi, Department of Agricultural Economics, Finance and Accounting, Faculty of Law and Financial Economy, Universidad de Cordoba, 14071 Cordoba, Spain. Additional authors for this research include Juan Antonio Jimber-Del Rio, Maria Salome Ochoa-Rico, Orlando Arencibia Montero, Arnaldo Vergara-Romero.

ORCID is an identifier for authors and includes bibliographic information. The following is ORCID information for the authors of this research: Juan Antonio Jimber-Del Rio (http://orcid.org/0000-0001-6886-7434), Orlando Arencibia Montero (http://orcid.org/0000-0001-8217-2399), Arnaldo Vergara-Romero (http://orcid.org/0000-0001-8503-3685).

(Our reports deliver fact-based news of research and discoveries from around the world.)